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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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If the PDP does not put its house in order, there will be an alliance,” -Sule Lamido

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The former Governor of Jigawa State and one of the founding fathers of the Peoples Democratic Party (PDP), Alhaji Sule Lamido, has cautioned that unless the party resolves its internal crisis, it risks forming alliances and coalitions that could reshape Nigeria’s political landscape.

Lamido made the statement while receiving Jigawa PDP stakeholders and party leaders at his Kano office, stressing the urgent need for unity and reconciliation.

Lamido recalled that he had earlier given party members an ultimatum to wait until December 9 to determine the fate of the current acting National Chairman, Ambassador Umar Damagum.

He disclosed that after consultations with former President Olusegun Obasanjo and ex-Senate President Bukola Saraki, several strategies were devised to engage PDP governors and the Minister of the Federal Capital Territory in reconciliation talks, which were hosted at Saraki’s residence.

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“We have consulted all of them and asked for cooperation. We are going to sit again. Don’t worry, you are going to vote. There is no party still like the PDP. We should not allow our personal ego to destroy it,” Lamido emphasized. He warned that if reconciliation fails, alliances and coalitions would become inevitable, adding that “if you want to make a name in Nigeria, you should join the PDP.”

Lamido lamented the party’s dwindling influence in Kano State, where it managed only 15,000 votes in the last general elections.

He also criticized the defection of the PDP’s former vice-presidential candidate to the All Progressives Congress. “The rivalry within PDP is only benefitting the APC,” Lamido said, accusing the southwest of rallying behind the APC due to tribal sentiments.

On his part, Alhaji Babandi Gumel, PDP Chairman in Jigawa State, explained that the gathering was part of ongoing reconciliation efforts. He noted that similar meetings had been held in Dutse, following a paper presented by former local government chairmen during Lamido’s tenure as governor. Gumel added that the November 27 meeting in Kano was a continuation of those efforts, aimed at resolving leadership disputes.

“Our leader, Sule Lamido, asked us to wait a little to ensure the national leadership is sorted out. Up till now, there is no substantive chairman. The faction of Turaki is still claiming leadership, while other factions are also laying claims. Even on INEC’s website, it is still Damagum’s name that appears,” Gumel stated.

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The Kano Online Media Chapel congratulates the NUJ awardees

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The Kano Online Media Chapel, under the leadership of Abubakar Abdulkadir Dangambo, has congratulated the Commissioner for Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya, the Director-General, Media and Communications to the Kano State Governor, Sunusi Bature Dawakin Tofa, and a former Commissioner for Information, Baba Halilu Dan Tiye, on their conferment with Awards of Honour by the Nigeria Union of Journalists (NUJ), Kano State Council.

The awards were presented by the NUJ Kano State Council under the chairmanship of Comrade Sulaiman Abdullahi Dederi, in recognition of the recipients’ outstanding contributions to information management, media development, public communication, and sustained support for journalism practice in Kano State.

In a statement issued on behalf of members of the Chapel, Chairman Abubakar Abdulkadir Dangambo described the honour as well-deserved, noting that the awardees have, at different times, demonstrated commitment to transparency, media freedom, and effective government–media relations.

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Dangambo particularly commended Comrade Ibrahim Abdullahi Waiya for his open-door policy and constructive engagement with journalists, Sunusi Bature Dawakin Tofa for strengthening strategic communication and media coordination within the present administration, and Baba Halilu Dan Tiye for his enduring legacy in advancing information dissemination and professionalism in the state.

He added that the recognition by NUJ serves as encouragement to public office holders to continue supporting ethical journalism and creating an enabling environment for media practitioners to discharge their responsibilities to society.

The Kano Online Media Chapel wished the award recipients continued success in their respective roles and reaffirmed its commitment to professionalism, responsible reporting, and partnership with relevant stakeholders in promoting good governance and public enlightenment in Kano State.

It also Congratulated the leadership of NUJ Kano council for hosting a successful 2025 Press week.

Dangambo also thanked the NUJ national president, comrade Alhassan Yahaya for being present at the opening of Kano online media Chapel office and the NUJ press Week dinner and awards night.

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Arewa Rents Charts a Digital Future for Northern Nigeria’s Property Market”

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Arewarents.com, a property marketplace startup focused on Northern Nigeria, is positioning itself to transform how people rent, buy, and access short-let properties across the region through technology and innovation.

The startup pitched its idea today at the first Kano Startup Weekend, an event organized by the Kano State Information and Communication Technology Development Agency (KASITDA). The event brought together startups, investors, mentors, and ecosystem leaders to showcase emerging solutions addressing real market challenges.

At the pitch, Arewa Rents presented its vision of building a centralized digital platform for property rentals, sales, and short-lets, designed specifically for the Northern Nigerian market. According to the Founder of Arewa Rents, Anas Y. Yusuf, the goal is to “create a single trusted platform where people can easily find verified properties without relying on scattered and unreliable sources.”

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Northern Nigeria’s real estate market remains largely informal, with property listings scattered across social media, local agents, and offline networks. This fragmentation creates inefficiencies, limits visibility for property owners and agents, and makes it difficult for renters and buyers to access verified properties in one trusted place.

Addressing this gap, Anas Y. Yusuf noted that Arewa Rents is “leveraging technology to bring structure, transparency, and trust into the property market, while making it easier for agents and landlords to reach serious clients.”

Arewa Rents is developing a technology-driven property marketplace that aggregates verified listings for homes, apartments, shops, and short-stay properties. The platform is designed to connect renters, buyers, agents, developers, and landlords more efficiently, while improving transparency in property transactions.

As the startup continues to build and scale its platform, Anas Y. Yusuf emphasized that the long-term mission is “to make property renting, buying, and short-let access in Northern Nigeria more efficient and accessible through a trusted digital marketplace.”

With its regional focus and marketplace-driven approach, Arewa Rents is emerging as a startup positioned to play a key role in the digital transformation of Northern Nigeria’s real estate sector.

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