A report by the World Bank has noted that over the past 12 months, the Covid-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. The report said the latest analysis warns that COVID-19 has pushed an additional 88 million people into extreme poverty this year – and that figure is just a baseline. “In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the ‘new poor will be in South Asia, with Sub-Saharan Africa close behind. ddAccording ...
Despite the global efforts to end preventable newborn deaths by 2030, through the Sustainable Development Goal 3.2, experts have raised the alarm that Nigeria loses over 250,000 babies yearly due to preventable and treatable causes, even as the country ranks second highest globally in infant deaths. According to a Professor of Paediatrics at the College of Medicine University of Lagos, and Clinical Lead, Newborn Essential Solution and Technologies, NEST360, Professor Chinyere Ezeaka, with current slow progress, it may take Nigerian 100 years to meet the goal. Ezeaka identified causes of newborn deaths in Nigeria to include prematurity, infections, birth asphyxia, congenital abnormalities among others, she said these would be reduced with the wide-scale adoption of comprehensive newborn car...
A Bill for an Act to amend the Compulsory, Free, Universal Basic Education Act on Wednesday, passed second reading in the House of Representatives. The bill, which seeks to expand the scope of compulsory free basic education in Nigeria to include, Senior Secondary Education level, was sponsored by Taiwo Oluga and four other lawmakers. Leading the debate, Ms Oluga said the bill sought to amend sections 2, 4, 7, 11 and 15 of the existing Act. The lawmaker said the aim was to provide for rehabilitation of delinquent children and provide comprehensive definition for services, stakeholders, children or wards as captured in the existing Act. According to her, this will be done by providing a role for community based organisations in the development of basic education in states and local governme...
Jigawa State House of Assembly has on Tuesday passed the 2021 Appropriation Bill of N156.588 billion. This followed the adoption of a 2021 appropriation committee’s report led by the House Committee on Appreciation chairman, Hon. Suleiman Kadara, at plenary. Kadara, who is representing Guri Constituency, told the House that the committee had done justice to the appropriation bill presented by Gov. Muhammad Badaru to the house on Nov. 4. Badaru had sought the consideration of the House to appropriate the sum of N156.588 billion for the services of the Jigawa State Government during the period of Jan. 1 to Dec. 31, 2021. Of the figures, N78.346 billion was earmarked for recurrent expenditures, including provisions for contingency and stabilization funds, while N78.241 was for capital expendi...
The Chartered Institute of Bankers of Nigeria (CIBN) has urged the banks to strengthen their cyber-security architecture in order to prevent attacks by fraudsters. President/Chairman of Council of the institute, Mr. Bayo Olugbemi, made the call while delivering his remarks at the 2020 CIBN Fellowship Investiture in Lagos, at the weekend. The CIBN at its investiture formally conferred its honorary fellowship awards on 19 distinguished bankers in recognition of their contributions to the banking industry and the economy; 77 associates as elected Fellows while 105 senior management staff of banks and the academia became Honorary Senior Members of the institute at the event with the theme: ‘Financial Services in a post COVID 19 Environment: Strategic Imperative’. Some that were conferred with ...