According to a report, Nigeria has become the poverty capital of the world with 86.9 million now living in extreme poverty - but how accurate is this. Zuhumnan Dapel, Scottish Institute for Research in Economics, took a different approach on the study of the mobility of poverty, or the movement of people in and out of poverty over time. Take a look at his findings...
Snap Shot Pictures of Poverty in Nigeria Aren't Accurate. Here's the Real Deal
The Conversation Africa, 22 October 2018
Studies that reflect the movement of poverty levels at a particular point-in-time attract a lot of attention. They also inform academic and policy debates across the globe. In… Read more »
Poverty Is Big Economic Challenge, Buhari Says
Daily Trust, 23 October 2018
President Muhammadu Buhari has said the federal government is particular about charting a new course to esnure economic prosperity for the greater majority of Nigerian. Read more »
Addressing Poverty Through Social Inclusion
This Day, 23 October 2018
A recent dialogue on the Social Work and Professionalisation Bill currently with the National Assembly has again brought to the fore the need for government to prioritise social… Read more »
Nigeria to Host 90% of Extremely Poor By 2030 - World Bank
Guardian, 22 October 2018
The World Bank has predicted that by 2030, about nine out of 10 extremely poor people in the world will live in sub-Saharan Africa, which includes Nigeria and others. Read more »
Report Suggests Nigerians Prefer Low Interest Rates, High Inflation
A report by the Central Bank of Nigeria (CBN) has revealed that Nigerians will rather have inflation rise than experience further surge in interest rates. Read more »
Nigeria's Uncertain Economic Outlook
Guardian, 23 October 2018
The recent annual meetings of the International Monetary Fund (IMF)/World Bank held in Bali, Indonesia earlier in October 2018 came up with reports that are quite worrisome for… Read more »
High Oil Revenue Did Not Translate to Job Creation, Reduction of Poverty - Buhari
Vanguard, 22 October 2018
President Muhammadu Bauhari says the high revenue earned over the years from the sale of crude oil and other sources did not translate to job creation and eradication of poverty in… Read more »
Another IMF's Warning for Nigeria
Leadership, 22 October 2018
Again, the International Monetary Fund (IMF) has warned Nigeria and Sub-Saharan African economies to check rising levels of debts, diversify their revenue bases or face crisis. Read more »
The Emir of Kano, Sanusi Lamido Sanusi II, has said except proactive steps are taken to change the current trend, Nigeria may still remain the poverty capital of the world for many ... Read more »
Nigeria is set to become the third most populous nation in the world by the year 2050, according to a UN report. With little resources to cater for the needs of its current ... Read more »
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