World Bank Group President, David Malpass has expressed concern over higher poverty rates in developing countries due to war in Ukraine and COVID-19 related shutdown. A statement issued on Monday by the Bank quoted Malpass as making this known in his opening remark at the World Bank Spring Meetings...
Poverty
By SADIQ ABUBAKAR, Maiduguri – River State Governor, Nyesom Wike has pledged to tackle the rising insecurity and poverty bedeviling the country, if elected as president of Nigeria in 2023. Governor Wike gave the pledge on Monday while addressing the People’s Democratic Party (PDP) delegates on Monday in Maiduguri,...
Extreme poverty in West Africa rose by nearly three per cent in 2020, another fallout from the COVID-19 pandemic, a UN-backed report launched on Thursday that looks at the socio-impact of the crisis has revealed. The proportion of people living on less than 1.90 dollars a day jumped from...
Former Head of State Abdulsalami Abubakar on Thursday raised concerns over the removal of fuel subsidy. General Abdulsalami, who was speaking at the 19th Daily Trust Summit in Abuja, said the country is facing challenges on multiple fronts and a fuel subsidy removal will only compound the situation. The...
The African Development Bank (AfDB) says the newly launched Agro-Industrial Processing Zones in Nigeria has the potential to solve the country’s poverty, hunger and foreign exchange challenges. In an interview with the News Agency of Nigeria (NAN), Prof. Banji Oyelaran-Oyeyinka, Special Adviser on Industrialisation to the President of the...
It qualifies as exemplary and a right step taken in the right direction, the recent report by the Director-General of the Fund, Mr Joseph Ari, that the federal government is partnering with the Industrial Training Fund (ITF) to inject N381 trillion into the economy to cushion the growing rate...
The Director-General of the National Directorate of Employment (NDE), Malam Abubakar Nuhu-Fikpo, has reassured Nigerians of Federal Government’s commitment to lifting more Nigerians out of poverty. Nuhu-Fikpo said this during the inauguration of a two-day advanced business training organised by the NDE as part of its Extended Special Public...