Showing posts with label Nigeria as ‘World Poverty Capital’. Show all posts
Showing posts with label Nigeria as ‘World Poverty Capital’. Show all posts

Friday, December 15, 2023

Nigeria: The Poor Shall Not Die!

 By Sunny Awhefeada

Delta State born gospel singer, Harold Ikuku, re­leased a popular album that was the rave of the moment in the tough and horri­ble years that the 1990s were. The song’s motif is “I shall not die”. Although a gospel song, it reso­nated with both Christians and non-Christians as a result of its affirmative message of survival in the face of brutal economic and psychological assault on the citizenry. 

It was this song that a man sang with so much gusto on hearing of the new pump price of petrol about three weeks ago, the second of such astronomical increase within two months of the present regime. When Presi­dent Bola Tinubu said, in his in­augural speech, that petroleum subsidy was gone, his handlers must have thought that it was a masterstroke in view of the fact that petrol subsidy had become an albatross for the Nigerian polity. 

Tuesday, December 20, 2022

Why Politicians Need To Address Poverty During Campaign

 By Stanley Achonu

The 2023 elections loom, with politicians making campaign promises that offer hope. Yet, poverty, probably the biggest threat to Nigerians today, has gone unaddressed.

In October, the World Bank released its ‘Poverty and Shared Prosperity’ report outlining progress in the global fight against extreme poverty. According to the report, the world is unlikely to meet the goal of ending extreme poverty by 2030, with COVID-19 as a major factor in upending progress made in recent years. The total number of people living in extreme poverty has risen to 719 million globally, with 71 million people added in 2020 alone.

Thursday, November 24, 2022

Buhari Women, Poverty And Budget Padding

 By Ikechukwu Amaechi

Two stories broke in the last one week that tend to amplify the fact that President Muhammadu Buhari’s goal of running Nigeria completely aground continues apace even as his administration, on the home stretch, and its vuvuzelas, continue to play the ostrich.

*Farouq and Buhari

First, the National Bureau of Statistics, NBS, disclosed on November 17, that 133 million Nigerians are multi-dimensionally poor. That represents about 63 per cent of the estimated population of about 218 million people.

Ordinarily, this information shouldn’t surprise anyone considering that Nigeria had adorned the infamous ‘World Poverty Capital’ badge since 2018. World Bank data had shown since 2016 that four in every ten Nigerians live below the poverty line of $1.9 per day. Two years later, the country was declared world’s poverty capital by the Brookings Institution, knocking off India from the inglorious perch.