The Buhari Media Organisation, BMO, has accused the presidential candidate of the Peoples Democratic Party, PDP, in the February 2019 election, Alhaji Atiku Abubakar of being directly responsible for the ‘pauperisation of millions of Nigerians’ as head of the National Council on Privatisation, NCP.

ABUJA—PRESIDENT Muhammadu Buhari said, yesterday, in Abuja that the Social Investment Programmes, SIP, of his administration has succeeded in lifting over five million Nigerians out of extreme poverty.

Namibian President, Hage Geingob, on Wednesday, raised concern over the continued level of poverty and wide income disparity in his country.

Gov. Babagana Zulum of Borno has identified poverty and unemployment as major causes of Boko Haram insurgency in the state.

A United States-based author and veteran journalist, Mr Tony Oyatedor has identified poverty and poor leadership as major factors that gave room for the emergence of Boko Haram insurgency in Nigeria.

Buhari made that statement during a visit by his self-centred fan club – Buhari Media Organisation, BMO. For those in that bandwagon, the President can do no wrong because they seldom can think of the consequences of his mistakes. The Nigerian 2019 Presidential elections ended in February. Buhari had four months to select his cabinet. Instead of doing that, he is giving the same excuse he gave in 2015 when he waited until October to appoint Ministers. Two sad repercussions of that delay were experienced predictably.

 Professor Pat Utomi in his recent book WHY NOT? Had written at length about how Banking Consolidation under Professor Charles (now Chukwumah) Soludo had ruined Nigeria’s banking sector for decades to come. Utomi had faulted what I later named Con-Soludo-tion (because it turned out to be a costly scam) largely on the grounds that imposing a “one size fits all” policy was not advisable. I totally agree with Pat because there is no fast growing economy in the world that has adopted that straight jacket approach to its banking sector.

The Emir of Kano,  Muhammad Sanusi II, Tuesday declared that Nigeria was on the verge of bankruptcy, if subsidy on petroleum products and electricity tariff was not withdrawn.
Sanusi, who spoke at the 3rd National Treasury Workshop organized by office of the Accountant General of the Federation in Kano, advised President Muhammadu Buhari’s administration to withdraw subsidy and utilise the funds in development projects such as education, health and infrastructure.

A civil society organization, Better Nigeria Advocacy and Empowerment Initiative, BAEI, Monday said it has embarked on nationwide campaign on the need to bring to an end the menace of insecurity, poverty, religious and ethnic differences across the country.

Vice President Yemi Osinbajo says the problem of extreme poverty in Nigeria keeps him up at night.

 A RECENT Nigerian newspaper report reveals that the figure of extremely poor people in Nigeria has risen to 93.7 million in 2019. According to this report, 93,720,530 people in Nigeria now live in extreme poverty.

I am sure we have heard the news. Forbes thoroughly slaughtered Nigeria as an investment destination, naming our dear country as where to go if you really want to lose money. After the damage from two major studies in 2018 that left us with the label of the poverty capital of the planet, with a desperate need for investment capital to help turn things around, this is a sucker punch. Forbes dubs Nigeria Africa’s money losing the machine.

 The Commissioner of Police, Federal Intelligence Bureau Abuja,  Malam Ahmed Abdurrahman has urged Nigerians to support the less privileged people in the society, so as to encourage brotherhood and reduce poverty.

By Dennis Agbo Ohanaeze Ndigbo in its reaction to the President Mohammadu Buhari’s concern on the growing rate of poverty in Nigeria said that the government was not really serious that it was concerned on the escalated rate of poverty in the country. The apex Igbo body said that talk was cheap and urged President […]

By Chioma Obinna The United Nations Children’s Fund, UNICEF, yesterday blamed Nigeria’s failure to realise the provisions of the Convention on the Rights of the Child, CRC, 30 years after its adoption by the United Nations, UN, on poverty, community disintegration, family dysfunction, and child vulnerability. Although Nigeria in 2003 enacted the Child Rights Act […]