Sadiya Umar Farouq, minister of humanitarian affairs, disaster management and social development, says over 40 million Nigerians are unemployed.Farouq spoke when she appeared before the house committee on women affairs and social development to defend the ministry's 2020 budget proposal.She listed the agencies under the ministry's supervision as the National Commission for Refugees, migrants and internally displaced persons (NCR), the [...]
Tag "Poverty"
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The International Monetary Fund (IMF) says Nigeria's economy would have to grow at a faster pace to witness a reduction in its poverty numbers.Kristalina Georgieva, the IMF managing director, made this known on Thursday at the opening press conference of the IMF and World Bank meetings."Nigeria matters to the whole of Africa. When Nigeria does well, Africa does well. The [...]
Sadiya Umar Farouq, minister of humanitarian affairs, disaster management and social development, is in Switzerland promoting a UN campaign against poverty as a wild rumour of a wedding to President Muhammadu Buhari ripples.In a tweet, the minister, supposedly getting married to Buhari on Friday, canvassed for active participation of citizens in ending poverty."On October 17, join us as we #WalkOutPoverty. The [...]
Ismaeel Ahmed, senior special assistant to President Muhammadu Buhari on social investment programmes (SIP), says over 40 million Nigerians have benefited from the SIP scheme.He said this on the sidelines of an event held during the 2019 United Nations General Assembly (UNGA).According to a statement, the event, which focused on the multi-dimensional approach to poverty alleviation, was hosted by the [...]
Peter Obi, former governor of Anambra state, says there are more poor people in Nigeria than in India and China.Obi said this at The Platform, an annual conference organised by Covenant Christian Centre in Lagos.Citing the "Stress Index", Obi said Nigeria is the most stressful country in the world.“Today, we are the most stressful country. If you read the stress index, [...]
President Muhammadu Buhari says the major reason why Nigerians are sick and facing hardship is due to corruption.Speaking on Tuesday at the 49th annual conference of the Institute of Chartered Accountants of Nigeria (ICAN) in Abuja, the president said corruption prevents good governance.Represented by Boss Mustapha, secretary to the government of the federation (SGF), Buhari said if corruption is not [...]
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 [...]
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 [...]
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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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 [...]
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 [...]
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 [...]
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