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More Nigerians Will Be Poor by 2027 – World Bank

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The World Bank on Thursday projected that poverty in Nigeria will increase by 3.6 percentage points over the next five years, rising through 2027.

This was contained in the Bank’s Africa’s Pulse report released during the ongoing Spring Meetings of the International Monetary Fund, IMF, and the World Bank in Washington, DC.

The report paints a troubling outlook for poverty reduction in Nigeria, stressing that despite some recent gains in economic activity, especially in the non-oil sector during the last quarter of 2024, structural issues related to resource dependence and national fragility are likely to hinder progress.

The World Bank said Nigeria and other resource-rich and fragile countries in Sub-Saharan Africa, will experience an exacerbating poverty situation, unlike non-resource-rich countries, which are expected to see faster poverty reduction.

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“Poverty in resource-rich, fragile countries—including large economies like Nigeria and the Democratic Republic of Congo—is projected to increase by 3.6 percentage points between 2022 and 2027,” the report stated.

The report underscores that Sub-Saharan Africa continues to have the highest extreme poverty rate globally, with a disproportionate concentration of the poor: In 2024, 80% of the world’s 695 million extreme poor lived in Sub-Saharan Africa.

The report further said that within the region, half of the 560 million extreme poor were located in just four countries.

In comparison, South Asia accounted for 8%, East Asia and the Pacific 2%, the Middle East and North Africa 5%, and Latin America and the Caribbean 3%.

Resource-rich countries are expected to lag in poverty reduction due to slowing oil prices and weak fiscal structures. Conversely, non-resource-rich countries are benefiting from high agricultural commodity prices, which are fueling stronger growth despite fiscal pressures.

This follows a well-established pattern whereby resource wealth combined with fragility or conflict is associated with the highest poverty rates—averaging 46% in 2024, which is 13 percentage points higher than in non-fragile, resource-rich countries,” the report added.

The World Bank, in light of these projections, recommends that Nigeria and similar economies focus on improving fiscal management and building a stronger fiscal contract with citizens to promote inclusive economic development and long-term poverty alleviation.

 

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Ganduje Hints at Reconciling with Kwankwaso

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By Yusuf Danjuma Yunusa

Former National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje, has extended an olive branch to his longtime political rival, Senator Rabiu Kwankwaso.

Speaking in an interview with the BBC Hausa Service on Wednesday, Ganduje expressed a desire to mend fences and reunite for the progress of Kano State.

“I am hopeful that very soon we will reconcile with Kwankwaso so we can move forward together. We have shared a political camp in the past and remain brothers,” Ganduje stated.

Emphasizing a departure from past rivalries, he noted that current political realignments in Kano have ushered in a new era of cooperation focused on governance rather than conflict.

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“With the present realignment, the politics of rivalry in Kano may be over. Our priority now is delivering good governance to our people,” Ganduje explained. “If Governor Abba Yusuf succeeds, we all succeed—and if we succeed, he also succeeds. It is vital for all of us to understand this so that the government can thrive.”

Ganduje, drawing from his experience as former APC National Chairman, added that his tenure provided him with deep insight into party operations and conflict resolution mechanisms.

When questioned on whether Governor Abba Yusuf would receive an automatic ticket in future elections, Ganduje acknowledged party conventions while underscoring adherence to established rules.

“I am familiar with the party’s workings. There are rules and there are traditions. The tradition grants a sitting governor the right of first refusal, though this principle does not extend to other positions,” he clarified.

NIGERIAN TRACKER reports that former Governor Abdullahi Umar Ganduje was anointed by his predecessor and long time political associate Senator Rabiu Musa Kwankwaso during the 2015 general elections after which the duo fell out in March 2016 due to some differences that suddenly emerge less than a year into the tenure of Dr Ganduje as Governor of Kano state.

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JUST IN: Work Resumes at FCTA Following Court Order Suspending Strike

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By Yusuf Danjuma Yunusa

Normal operations resumed at the Federal Capital Territory Administration (FCTA) secretariat and its affiliated Ministries, Departments, and Agencies (MDAs) on Wednesday, following a ruling by the National Industrial Court of Nigeria ordering the suspension of an ongoing industrial action.

The court, presided over by Justice E. D. Subilim, on Tuesday directed the immediate suspension of the strike embarked upon by workers under the Joint Union Action Committee (JUAC) to allow for continued dialogue.

In response to the ruling, the Minister of the Federal Capital Territory, Barr. Nyesom Wike, called on all employees to return to their posts promptly. While acknowledging the right to lawful protest in a democracy, the Minister emphasized the importance of respecting judicial directives.

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To ensure full compliance, the Acting Head of the Civil Service of the FCT, Mrs. Nancy Sabanti, issued a circular dated January 27, 2026, instructing all Secretariats, Departments, and Agencies to reopen offices and maintain strict staff attendance registers. The circular directed Permanent Secretaries and Heads of Departments, Parastatals, and Agencies to enforce the immediate resumption of duties.

Observations across various FCTA offices and MDAs on Wednesday indicated a substantial level of compliance, with staff present on the premises and engaged in their official responsibilities.

The FCTA administration has reiterated its commitment to constructive dialogue with union representatives and to the continued improvement of staff welfare.

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Reps Summons Finance, Agriculture Ministers, Auditor-General Over Agricultural Funds

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By Yusuf Danjuma Yunusa

The House of Representatives Ad hoc Committee investigating Agricultural Subsidies, Intervention Funds, Aids, and Grants Programmes has summoned the Ministers of Finance and Agriculture and Food Security, as well as the Auditor-General of the Federation, to account for expenditure on agricultural programmes between 2015 and 2025.

The summons was issued during a public hearing held in Abuja on Tuesday, where lawmakers demanded explanations regarding funds released for key agricultural initiatives over the past decade.

The committee directed the officials, or their duly authorized representatives, to appear before it on February 3, warning that failure to comply would result in legislative sanctions in accordance with the powers vested in the National Assembly.

In his ruling, the Chairman of the committee, Rep. Jamo Aminu (APC-Katsina), stated that the investigation aims to ensure transparency and accountability in the use of public funds intended to boost food production, support farmers, and enhance national food security.

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“The interventions under review were designed to strengthen our agricultural sector and ensure food security for all Nigerians. However, persistent concerns over food insecurity, rising food prices, and the effectiveness of past programmes have made this scrutiny imperative,” Rep. Aminu said.

The chairman expressed strong dissatisfaction with the Office of the Auditor-General of the Federation for its failure to provide audit reports on several agricultural subsidy and intervention programmes during the specified period.

He emphasized that comprehensive audit documentation is essential for tracking the disbursement, utilization, and outcomes of the funds.

“We cannot effectively conduct this investigation without proper audit records. These funds span a decade and involve critical national programmes. Transparency and accountability in this process are non-negotiable,” he stated.

Earlier in the hearing, Mr. Mohammed Adamu, a Deputy Director from the Office of the Auditor-General, attributed the lack of completed audit reports to insufficient cooperation from the Ministry of Agriculture and Food Security.

According to Adamu, the Auditor-General’s office has repeatedly requested necessary documents related to agricultural subsidies, grants, aids, and intervention programmes but has not received the required information from the ministry.

“The primary source of these documents is the Ministry of Agriculture. Without their cooperation, finalizing the audit process has been challenging,” he explained.

The hearing continues as part of the House’s ongoing efforts to enhance oversight and ensure that public funds are used effectively for national development.

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