Nigeria must move decisively from rhetoric to action if it hopes to tackle poverty, soaring debt, and weak economic growth. That was the stark warning issued by the Economic Advisory Council (EAC) of the Nigerian Economic Summit Group (NESG) during its third quarterly interactive session with journalists and stakeholders in Abuja. At the high-level meeting, …
Somalia, one of the world’s poorest nations, faces a deepening health care crisis after the Trump administration suspended U.S. Agency for International Development (USAID) support earlier this year. The loss of funding has hit communities already struggling with conflict, poverty, and fragile public services. Doctors Without Borders (DWB) warned in August that widening funding gaps …
The World Bank has raised concerns over the inefficiency and poor targeting of Nigeria’s social safety net programmes, revealing that less than half of total benefits actually reach poor households despite the majority of beneficiaries being from low-income backgrounds. In its latest report titled “The State of Social Safety Nets in Nigeria,” the global financial …
Economist, Professor Bongo Adi, has warned that while data show Nigeria's economy is growing, the citizens with harsh economic conditions that continue to impoverish them. Adi stated this while commenting on the World Bank Report released on Wednesday. According to the report, the World Bank has upgraded Nigeria’s 2025 economic growth forecast to 4.2 per …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
Senegal’s President Bassirou Diomaye Faye and Prime Minister Ousmane Sonko have overhauled the cabinet in response to mounting public dissatisfaction over stalled reforms and economic hardship. In a surprise TV announcement, Sonko unveiled what he called a “government of combat,” pledging to work tirelessly to tackle debt, poverty, and restore public trust. READ ALSO: France …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared that all illegal occupants in Abuja will be removed, warning that he will not tolerate criminality under any guise. Speaking at his monthly ministerial press briefing on Monday, Wike stressed that poverty cannot be used as an excuse to justify crime or kidnappings …
By Rafiyat Sadiq President Bola Tinubu has said Nigerians have no reason to be poor, pledging renewed support for Micro, Small, and Medium Enterprises (MSMEs) to drive economic growth. Speaking at the 8th Expanded National MSME Clinic in Calabar on Wednesday, Tinubu, represented by Vice President Kashim Shettima, said the country’s human and natural resources …
