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NNPC, Chevron complete Awodi-07 appraisal, exploration well

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Tag: Poverty

Special Economic Zones amass $66bn foreign investment - Report
Maritime

Blue economy key to lifting Africa from poverty — NPA boss

The Managing Director of the Nigerian Ports Authority and current President of the Port Management Association of West & Central Africa, Dr. Abubakar Dantsoho, has called upon maritime operators and regulators in the West and Central African sub-region to prioritize the Blue Economy to stimulate job creation and uplift African nations and their people. Speaking […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Opinion

World Bank report exposes worsening poverty under Tinubu — ADC

The African Democratic Congress has said that the World Bank’s October 2025 report, which revealed that 139 million Nigerians are now living below the poverty line, exposes the widening gap between the Federal Government’s claims of economic recovery and the harsh realities faced by ordinary citizens. In a statement signed by its National Publicity Secretary, […]

Helth

67% of Nigerian children live in multidimensional poverty — UNICEF

The United Nations Children’s Fund reported on Tuesday that sixty-seven percent of Nigerian children live in multidimensional poverty, deprived of basic education, health, and other fundamental rights. Kitty van der Heijden, the agency’s deputy executive director, disclosed this at a breakout session on “Safeguarding Nigeria’s Future: Prioritising Child Well-being” at the ongoing Nigerian Economic Summit […]

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Why Nigeria must lift millions out of poverty – IMF

The International Monetary Fund has called on Nigeria to intensify efforts toward inclusive growth, tighten fiscal discipline, and improve domestic revenue mobilisation as crucial steps toward long-term economic stability and prosperity. In a blog post on Monday, IMF Mission Chief to Nigeria, Axel Schimmelpfennig, and Resident Representative, Christian Ebeke, praised recent reform efforts but cautioned […]

One in six Nigerian children face hunger over food inflation - Report
News

One in six Nigerian children face hunger over food inflation – Report

A recent report by Save the Children has projected that approximately one in every six children, totaling 15 million, in Nigeria will face hunger starting from June 2024. This projection indicates a 25% increase compared to 2023 figures, with conflicts, banditry, and soaring food prices being the primary contributing factors. This surge translates to an […]

World Bank bans Nigerian companies, CEO over fraudulent practices
News

Internet access cut poverty, boosted employment in 2023 – W’Bank

The World Bank has revealed that exposure to internet access after more than three years resulted in a 7% reduction in extreme poverty in Nigeria and Tanzania. This exposure resulted in an 8% rise in labour force participation and pay employment. The bank issued a new brief that read: “In 2023, a World Bank flagship report found that […]

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