The World Bank has said about 79 percent of Nigerians remain poor or vulnerable to poverty despite recent economic reforms by the Federal Government. In its new Country Partnership Framework (2026–2032) and Streamlined Country Diagnostic, the Bank said 61% of Nigerians live below the poverty line, while 33% are ultra-poor and about 139 million people live in poverty, particularly in northern Nigeria. The report acknowledged that reforms introduced by the Tinubu administration – including the removal of petrol subsidy, exchange rate liberalisation and tax reforms – have stabilised the economy,…
Read MoreTag: Nigerians
“Every Nigerian will feel impact of my reforms” – Tinubu
President Bola Tinubu has assured Nigerians that the impact of his administration’s reforms will be felt by citizens across the country, saying the policies are aimed at laying the foundation for greater prosperity and national development. Speaking at the inauguration of the ‘PBAT Door-to-Door Movement’ in Abuja yesterday, President Tinubu, who was represented by the President of the Senate, Godswill Akpabio, said he chose the path of courage and conviction in implementing reforms aimed at rescuing Nigeria and building a better future for the country. Since taking office on May…
Read MoreHardship: Remi Tinubu advises Nigerians to start akara, roasted corn businesses
Nigeria’s First Lady, Oluremi Tinubu has come under fire on social media after encouraging Nigerians to consider small-scale ventures such as selling akara, roasted corn and ƙuli-ƙuli, saying the businesses require little capital to begin. Tinubu made the remarks while speaking with newsmen following the second-quarter meeting of the ‘Renewed Hope Initiative’ with wives of state governors at the State House in Abuja on Wednesday. Speaking on the activities of the Initiative, the First Lady said the programme had been providing grants, rather than loans, to vulnerable Nigerians to help…
Read More“Nigeria’s not beyond redemption; pay your taxes for me to do more” – Tinubu
President Bola Tinubu has assured Nigerians that the country is not beyond redemption. Tinubu made the remark yesterday, during the commissioning of interchange at Arterial Road N16–Ring Road III Intersection linking Jahi District to Gwarimpa District of the FCT, while noting that infrastructure is the foundation of prosperity which is the cardinal principle of this administration. The project was among those earmarked to celebrate his third year anniversary, and he was represented at the commissioning by the Senate President, Godswill Akpabio. He said: “I’m very proud to stand here to…
Read More’27m Nigerians faced food insecurity in 2025 under Tinubu’ – IMF
…As poverty rate hits 63% …Foreign debt to hit $72.6bn after 2027 polls The International Monetary Fund, (IMF), has revealed that poverty in Nigeria rose to 63% under the administration of President Bola Tinubu, while an estimated 27 million Nigerians experienced food insecurity during the latter part of 2025 despite improvements in key macroeconomic indicators. The Fund disclosed this in a statement issued on Tuesday in Washington, DC, USA, where it assessed Nigeria’s economic performance and reform efforts over the past three years. According to the IMF, although recent economic…
Read More‘Over 68% of Nigerians bypass prepaid meters nationwide’ – FG
The Federal Government has revealed that more than 68 percent of electricity consumers across Nigeria are illegally bypassing their prepaid meters to consume power without payment. This was disclosed in Abuja during the fifth annual conference of the Power Correspondents Association of Nigeria (PCAN), where experts in the energy sector expressed concern over the worsening liquidity crisis in the nation’s power industry. Managing Director of Mainstream Energy Limited and board member of the Nigerian Independent System Operator (NISO), Audu Lamu, said Nigeria’s economic hardship has made it difficult for many…
Read More“Hold your Govs., LG Chairmen accountable”, APC Chairman urges Nigerians
…Says governance, development starts from grassroots The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, has urged Nigerians to broaden their expectations of governance beyond the Federal Government, insisting that state governors and local government chairmen must also be held accountable for the nation’s progress and citizens’ welfare. Speaking during a media interaction at the APC National Secretariat in Abuja yesterday, Prof. Yilwatda said it was unfair and politically myopic for Nigerians to heap all the blame for the country’s economic difficulties on President Bola Tinubu’s administration,…
Read MoreNigerians dismiss FG’s claim of ₦330bn cash transfers as “fraudulent, baseless’
The Federal Government’s claim that ₦330 billion has been disbursed to vulnerable Nigerians has sparked outrage, with citizens branding the announcement fraudulent, exaggerated, and completely lacking in transparency. Recall that the Finance Minister and Coordinating Minister of the Economy, Wale Edun told newsmen in Abuja on Wednesday that the Government had paid 8.5 million households at least ₦25,000 each under a World Bank–backed cash transfer programme. According to him, the payments were made through the National Social Safety-net Coordinating Office (NASSCO), funded by an $800 million facility, with beneficiaries identified…
Read More“Benue, Osun, Abia; poor Nigerians are the same everywhere” — Baba-Ahmed
Former Special Adviser on Political Matters in the Office of Vice-President Kashim Shettima, Dr. Hakeem Baba-Ahmed, has stated that poverty and socio-economic realities transcend ethnic and regional divides, saying poor Nigerians are the same everywhere. In a recent interview, Baba-Ahmed, who made a strong case for a fundamental reorientation of Nigeria’s national identity, lamented that political elites continue to exploit Nigeria’s pluralism, keeping citizens disunited for their own gain. To counter this, Baba-Ahmed emphasised Nigeria’s reality, saying: “Yet the Kanuri poor are the same as the poor in Benue, Osun…
Read MoreNigeria bids farewell, as former President Buhari is laid to rest in Daura
Nigeria, yesterday, bid an emotional farewell to one of its most iconic leaders, former President Muhammadu Buhari, who passed away on Sunday afternoon at the age of 82 in a London clinic. Following days of national mourning and a solemn state funeral, his remains were laid to rest at his residence in Daura, Katsina State, in accordance with Islamic rites. Buhari, who served as Nigeria’s military Head of State from 1983 to 1985 and later as the country’s democratically elected President from 2015 to 2023, was remembered by leaders at…
Read More