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 [...]
Tag "Poverty"
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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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The neighbourhood at Sangotedo, near Lagos, is graveyard-quiet, and so is his house. Wife and two kids had long gone to bed. At a table in a corner of the living room, where he normally writes because there is no spare room for a study, he is happily pounding the keys on his laptop when it struck. He buries his face [...]
Former President Olusegun Obasanjo has recounted his experience during doctoral degree programme at the National Open University of Nigeria (NOUN).Speaking at the university's convocation ceremony in Abuja on Saturday, Obasanjo said he rejected favours to facilitate his studies.He said this is because he was determined to experience the academic process of obtaining his doctoral degree.The former president, who was awarded [...]
BY ADEMOLA AKINLABIWith a figure of 10.5 million, Nigeria has the highest number of out-of-school children in the world, according to UNICEF.This may be underestimated as more children and parents are embracing informal education due to unemployment.Some out- of- school children are into petty trading activities to support their family, while others drop out due to broken homes.Below are some [...]
Jibrin Barau, senator representing Kano north, says poverty is a weapon of mass destruction.He said this on Tuesday while contributing to a debate on a motion entitled 'commemoration of the United Nations International day for the eradication of poverty''.The motion sponsored by Ali Wakili, senator representing Bauchi south, and 22 other legislators.Barau said there is a need to strengthen the [...]
The entire global community must approach poverty eradication with a sense of urgency, Amina Mohammed, deputy UN secretary-general, has said.Mohammed, in her message to the three-day 2017 integration segment of the UN Economic and Social Council (ECOSOC), said that eradicating poverty remained the greatest global challenge.She called for a collective and comprehensive approach that recognises the multidimensional nature of the [...]
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