Thursday, August 8, 2019

Tag "Poverty"

    If Buhari lifted 5m out of poverty, why do 98m live in multidimensional poverty?

If Buhari lifted 5m out of poverty, why do 98m live in multidimensional poverty?

Are Nigerians poorer today than they were in 2015? Yes, if we go by data and economic indicators. In June 2018, a report by the World Poverty Clock revealed that Nigeria had overtaken India as the top-tier country with a cosmic community of poor people on the planet. Also, the report evinced that every minute, six Nigerians become extremely poor. And that [...]

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    Atiku: Even Dangote has been affected by the wave of poverty under Buhari

Atiku: Even Dangote has been affected by the wave of poverty under Buhari

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says if care is not taken, the entire Nigerian population will fall into poverty.Reacting to a United Nations Development Programme (UNDP) report on 98 million Nigerians living in multidimensional poverty, Atiku said even Aliko Dangote, Africa's richest man, has been touched by the "wave of poverty sweeping through the country".The former vice-president accused those [...]

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    Catholic bishop: Boko Haram collecting taxes in Borno

Catholic bishop: Boko Haram collecting taxes in Borno

Mathew Ndago-Manoso, Catholic archbishop of Kaduna diocese, says the Boko Haram sect is controlling parts of Borno state.Speaking at the annual general meeting (AGM) of the Nigeria Catholic Diocese Priests' Association which held in Kaduna on Tuesday, Ndago-Manoso said the insurgents provide services to the part of the sate under their control and have been collecting taxes from the people.He said [...]

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    Korede Bello: How we can fight the Thanos of corruption, poverty in Nigeria

Korede Bello: How we can fight the Thanos of corruption, poverty in Nigeria

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    Rewane: In Nigeria, there’s nothing like ‘rich’… the battle is between the ‘poor and very poor’

Rewane: In Nigeria, there’s nothing like ‘rich’… the battle is between the ‘poor and very poor’

Bismarck Rewane, chairman of the presidential technical advisory committee on the implementation of the national minimum wage, says the battle in Nigeria is "between the poor and the very poor" as the number of the rich is insignificant. In an interview with Saturday PUNCH, the economist explained that there is income inequality and this is also responsible for the growing security [...]

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    Are you a farmer? Here’s how you can access up to $1m loan

Are you a farmer? Here’s how you can access up to $1m loan

The International Fund for Agricultural Development (IFAD) has launched a multi-million euro fund which provides loans and equity investments for rural small and medium scale enterprises (SMEs), farmers' organisations, agricultural entrepreneurs and rural financial institutions across the globe.The agribusiness capital (ABC) fund launched during IFAD’s annual general council meeting in Rome, Italy, seeks to mobilise 200 million euros from investors [...]

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    INFOGRAPHIC: Are you one of 91 million Nigerians now living in extreme poverty?

INFOGRAPHIC: Are you one of 91 million Nigerians now living in extreme poverty?

Over 91 million Nigerians are now living in extreme poverty, TheCable can report.TheCable understands that at least three million Nigerians have slipped into extreme poverty between November 2018 and February 2019.According to the World Poverty Clock, created by Vienna-based World Data Lab, 91.16 million Nigerians were living below a dollar a day as of February 13, 2019.In June 2018, the [...]

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    Osinbajo: Why Nigeria has a poverty problem

Osinbajo: Why Nigeria has a poverty problem

Vice-President Yemi Osinbajo says oil revenue earned between 2010 and 2014 was not judiciously used, hence Nigeria's status as the country with the highest number of people living in extreme poverty.Osinbajo said the federal government is working on a plan to get Nigeria out of poverty in spite of limited funds.The VP disclosed this on Wednesday at a town hall [...]

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    Whatever you put in Atiku’s hands never dies, says Dogara

Whatever you put in Atiku’s hands never dies, says Dogara

Yakubu Dogara, speaker of the house of representatives, says whatever one keeps in care of Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), never dies.Dogara said this on Saturday while speaking at the wedding reception of Hassan Ishaya Hassan, his nephew, and Mafeng, his wife, in Abuja.The speaker said Abubakar is the candidate that would take the country [...]

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    Tackling poverty from grassroots through human capacity development, empowerment

Tackling poverty from grassroots through human capacity development, empowerment

BY OLUMIDE ADERINOKUNIn June 2018, the Brookings Institution, an American think-tank research group, published data from the World Poverty Clock which showed that Nigeria, with an estimated population of 200 million, had overtaken India {population of 1.32 billion} as the “poverty capital” of the world. Specifically, it reported that with 87 million Nigerians already living below the poverty line, six [...]

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    Atiku: My policy document is ready… 40% of my cabinet will be women, youth

Atiku: My policy document is ready… 40% of my cabinet will be women, youth

Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), says 40 percent of his cabinet will be made up of women and youths.The former vice-president said his policy document for Nigeria, if he wins the 2019 election, is ready.He added that Nigeria became the world headquarter for poverty under incumbent President Muhammadu Buhari."Nigeria under Buhari is now the [...]

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    Report: Over 40% of world’s poorest will live in Nigeria, Congo by 2050

Report: Over 40% of world’s poorest will live in Nigeria, Congo by 2050

More than 40 percent of “extremely poor people” in the world will be living in Nigeria and DR Congo by 2050, a report by Bill and Melinda Gates Foundation has revealed.In the 2018 goalkeepers report released Tuesday, the foundation said by 2050, Nigeria will have 152 million people in extreme poverty out of a projected population of 429 million.It blamed [...]

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    Poverty in Nigeria: Revisiting Theresa May’s concern

Poverty in Nigeria: Revisiting Theresa May’s concern

Ahead of her August 29, 2018 visit to Nigeria, British Prime Minister, Theresa May, remarked that 87 million Nigerians live on less than $1.90 a day, making Nigeria “home to more very poor people than any other nation in the world.” It is interesting how the statement attracted public attention almost as if it is a new discovery. The truth [...]

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    The implication of Nigeria’s extreme poverty status on sustainable development goals

The implication of Nigeria’s extreme poverty status on sustainable development goals

BY EKENE ODIGWE The British Prime Minister Theresa May’s poverty remark about Nigeria sparked a conversation of conflicting views across the country, but the fact remains that this is not the first time this has happened. Bill Gates in March this year, at the special and expanded National Economic Council held in Abuja, stated that the execution priorities of the presidency’s [...]

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    Nigeria is home to highest number of very poor people in the world, says Theresa May

Nigeria is home to highest number of very poor people in the world, says Theresa May

Theresa May, prime minister of the United Kingdom, says Nigeria is home to the highest number of "very poor people" in the world.Speaking in Cape Town, South Africa, on Tuesday, May said Africa is home to a majority of the world's fragile states, and a quarter of the world's displaced people.She added that Africa has the highest number of poor people [...]

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    Report: Nigeria overtakes India as world’s poverty capital

Report: Nigeria overtakes India as world’s poverty capital

Nigeria has now taken over as the nation with the highest number of extremely poor people, a report by Brookings Institution has shown.Before now, India used to hold the position with a population of 1.324 billion people as against Nigeria's 200 million.According to the report, the number of Nigerians in extreme poverty increases by six people every minute."According to our [...]

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Exchange Rates

August 08, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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