NIDO-Netherlands Foundation 

Authors : Board of Directors of the NIDOE NL Foundation Date : 27 November 2024 

Contents 

1 Objective and activities

2 Income Raising

3 Asset management and spending

4 Governance and organizational structure

5 Board meetings and decision-making

6 Financial overview

7 Communication and PR

8 Evaluation and monitoring

9 Evaluation and management of this policy plan .

1 Objective and activities 

The main goal of the NIDO-Netherlands Foundation is to act as a point of contact for Nigerians  living in the Netherlands who want to contribute to the development of Nigeria. The foundation  strives to achieve this goal by: 

1. Creating a network of Nigerians in the Netherlands 

2. Identifying strategic resources for development in Nigeria 

3. Setting up a database of Nigerian professionals in the Netherlands 

4. Finding friends for Nigeria and strengthening its international position 

5. To function as a forum for social and cultural interaction between Nigerian professionals and  their Dutch and foreign colleagues 

6. Organizing meetings, conferences and seminars 

7. Conducting research into the need for help and intervention 

8. Stimulating interactive discussions through online publications 

9. Maintaining good working relationships with NIDO-Europe and other NIDO organisations

10. Staying involved in general activities in areas such as health, software development,  globalization, investment and education 

2 Income Raising 

The foundation obtains its income from: 

- Sponsorship money 

-Donations 

- Donations, inheritances and legacie

IBAN: NIDO NETHERLANDS NL73 ABNA 0626 5644 41 

3 Asset management and spending 

The assets are managed by the board and spent on activities that contribute to the realization of  the objectives of the foundation. Inheritances are only accepted under the privilege of inventory  of the estate. The foundation is a non-profit organization. 

In the event of dissolution, any positive balance is spent on an ANBI with a similar purpose

4 Governance and organizational structure 

- The foundation is managed by a management (Daily Board) of 4 to 7 natural persons 

- The board elects a chairman, secretary, treasurer and publicity manager from among its  members 

- Board members are appointed for a period of two years, with the possibility of one-off  reappointment 

- There is an Advisory Board consisting of 3 to 9 members, including the Nigerian ambassador to  the Netherlands 

5 Board meetings and decision-making 

- Meetings take place at least monthly, physically or digitally 

- Decisions are taken by simple majority vote 

- A quorum is required from the majority of the board members 

- Written decision-making outside a meeting is possible 

6 Financial overview 

- The financial year coincides with the calendar year 

- The 2025 budget is estimated at €5000-€10,000 

- Annual accounts are drawn up within six months after the end of the financial year 

- The Advisory Board has the right to inspect all financial documents 

7 Communication and PR 

- The foundation maintains a website for the provision of information 

- Meetings and events are organized regularly 

- The PR officer is responsible for external communication

IBAN: NIDO NETHERLANDS NL73 ABNA 0626 5644 41 

8 Evaluation and monitoring 

- The board meets monthly to discuss progress 

- An annual report is drawn up annually with an overview of activities and results 

- The Advisory Board has access to all documents of the foundation 

9 Evaluation and management of this policy plan 

This policy plan serves as a guideline for the activities of NIDO-Netherlands and will be  evaluated and updated every financial year to continue to meet the objectives of the foundation  and the ANBI requirements

IBAN: NIDO NETHERLANDS NL73 ABNA 0626 5644 41