Poverty
SERAP urges President Buhari to tell Nigerians spending plan for James Ibori loot, others
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently direct Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to disclose spending details of the $700 million looted funds reportedly recovered by the Federal Government in the past four years, including the list and location of projects completed with the money, as well as details of the contractors that executed the projects.” SERAP also urged him to “direct Mrs Ahmed to disclose how the government plans to spend the returned £4.2m Ibori loot, including details of planned capital expenditure, and whether there is any plan to ensure that the money and any future returned Ibori loot would be spent to achieve justice and effective remedies for victims of corruption in...
Anambra guber: Zoning favours APC, not APGA, PDP – aspirant
An All Progressives Congress (APC) aspirant, Dr Amobi Nwaokafor, has argued that if zoning is to be a consideration in the Anambra State governorship election, the APC should be favoured since it has not ruled the state. Speaking after submitting his declaration of interest and nomination form at the party secretariat he insisted that having governed Anambra State previously, the All Progressives Grand Alliance (APGA) and the Peoples Democratic Party (PDP) should allow APC to test the seat. He also argued that since Awka indigenes never occupy the position too, he stands a better chance to benefit from zoning. The former President General of Awka Progressives Union also described himself as the best candidate for the race to occupy the states’ number one seat. He argued that with his wealt...
Nigerian government determined to eradicate poverty, unemployment – minister
The federal government has reiterated its determination to eradicate poverty as well as tackling unemployment in the country to the barest minimum, saying its many programmes designed to tackle the issues have had tremendous success. The government said the alarming rate of out-of-school children witnessed some years ago had considerably reduced due mainly to some of its initiatives, among which it said, was the National Home Grown School Feeding Programme. The government’s position came as it inaugurated an expanded committee on National Home Grown School Feeding Programme with a task on members to make meaningful contributions to stamp the problems out of the country. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, speaking at the event i...
France, African leaders push to redirect $100 billion in IMF SDR reserves by October
French President Emmanuel Macron said on Tuesday a summit in Paris on Africa financing had agreed to work towards persuading rich nations by October to reallocate $100 billion in IMF special drawing rights monetary reserves to African states. Impoverished African economies must not be left behind in the post-pandemic economic recovery and a substantial financial package is needed to provide much-needed economic stimulus, African and European leaders concluded at a summit in Paris. In the immediate term, that meant accelerating the COVID-19 vaccine rollout and creating the fiscal breathing room for African nations, which will face a spending shortfall of some $285 billion over the next two years, the summit communique showed. The communique set out a two-pronged response based on addressing...
ASCAB: Kaduna governor sacked over 60,000 workers in six years
Human rights lawyer, Mr. Femi Falana (SAN), and the Alliance on Surviving COVID-19 and Beyond say Kaduna State Governor, Nasir el-Rufai, has sacked over 60,000 workers since he took office in May 2015. They, therefore, endorsed the five-day strike across Kaduna State which will begin on Monday. ASCAB in a statement on Sunday called on all NLC affiliates and supporters to join the “essential strike” adding that a “firm action is needed to reverse the massive attacks on jobs and poverty induced insecurity in Kaduna State.” Falana said the economy of Kaduna was traditionally built around textile factories and the public sector but in the decade before the administration of el-Rufai, the last four major textile factories were closed with many of the workers not receiving any terminal benefits ...
Bodies of coronavirus victims among those dumped in India’s Ganges – document
Bodies of COVID-19 victims have been found dumped in some Indian rivers, a state government said in a letter seen by Reuters, the first official acknowledgement of an alarming practice it said may stem from poverty and fear of the disease in villages. Images of corpses drifting down the Ganges river, which Hindus consider holy, have shocked a nation reeling under the world’s worst surge in infections. Although media have linked the recent increase in the numbers of such bodies to the pandemic, the northern state of Uttar Pradesh, home to 240 million people, has until now not publicly revealed the cause of the deaths. “The administration has information that bodies of those who have succumbed to COVID-19 or any other disease are being thrown into rivers instead of being disposed of as per p...
President Buhari lauds NDLEA’s performance, pledges to enhance operational capabilities
President Muhammadu Buhari has hailed the performance of the National Drug Law Enforcement Agency (NDLEA) especially the recent overhaul of its operations leading to the arrest of drug peddlers at the airports and other parts of the country. He has therefore pledged his administration’s readiness to further enhance the capabilities and potentials of the Agency whose Chairman, Brigadier-General Mohammed Buba Marwa (rtd) was appointed in January. The National Security Adviser (NSA), Major General Babagana Monguno (rtd), told newsmen that the President applauded the activities of the NDLEA at the Tuesday’s security meeting which he presided over. Monguno stated that he was able to brief the National Council of Security (NSC) meeting on the enablers of crime one of which is drug and the need t...
Official: Lagos residents consume N5 trillion worth of food annually
The Lagos State Government says residents of the state are consuming food and agricultural produce worth about N5 trillion annually. Ms Abisola Olusanya, the Commissioner for Agriculture, made this known at a news conference on Thursday in Lagos to commemorate the second year in office of Gov. Babajide Sanwo-Olu’s administration. Olusanya said that the amount might increase to N6.3 trillion by 2030, if the population of the state grew to 30 million. “It is worthy to note that in terms of the amount of food we consume in Lagos on an annual basis, it is almost N5 trillion. “If the population is to grow to about 30 million by 2030, Lagos will likely need food worth N6.3 trillion on an annual basis,’’ she said. According to her, currently, Lagos is producing about 20 to 24 per cent of its food...
Ex-President Obasanjo: If Nigeria breaks up, minority groups will be exterminated
Former President Olusegun Obasanjo on Wednesday described calls for the disintegration of Nigeria as unmindful and insensitive to the plight of the minority groups in the country. Obasanjo made the observation when he received the Tiv Professional Group (TPG) from Benue State, who paid him a courtesy visit in Abeokuta. The former president recalled a discussion between him and “a military friend” who, according to him, has described major tribes in the country as selfish and not sufficiently caring for the minority groups. Obasanjo, who aligned with his friend’s opinion, expressed worry over what would become of the minority groups if the major tribes decided to secede and begin to operate as separate countries. “If the Yoruba can stand as a country, if the Igbos and the Hausa/Fulani can s...
Nigerian journalist: Why I returned missing $3,000 to owner
Mr Abdulkadir Shehu, a journalist with Progress FM, a private radio station in Gombe, said he returned the $3,000 dollars he found along the road to its owner, because it would be wrong for him to claim it. Shehu told newsmen in Gombe on Monday, that as at the time he returned the money, he had less than N2000 on him. “I was really in dire need of money at the time because I had received a call from Kano that my son was sick and needed to be tested for kidney and liver diseases at the hospital. “They couldn’t go ahead with the test because there was no money. “My son is still under medical supervision, but I will try to get the N35,000 for the test on Tuesday,’’ he said. Shehu stressed that poverty should not be an excuse for anyone to do what is wrong, adding that a person’s honesty is be...
May Day: President Buhari promises workers better packages
President Muhammadu Buhari has assured workers of better packages to cushion economic effects of COVID-19 on their resources. The President said his administration has put in place some socio-economic policies to alleviate poverty. Buhari said the Federal Government has expanded the Conditional Cash Transfer for the vulnerable poor from 2.6 million households to 7.6 million. He also noted COVID-19 Rapid Response Register has been expanded for urban poor to 4.8 million households, which included urban poor and working class. The President spoke during this year’s May Day celebration at the Eagle Square on Saturday in Abuja. This year’s celebration had as its theme: “COVID-19 pandemic, social and economic crisis: challenges for decent jobs, social protection and people’s welfare”. Buhari, wh...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...