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Population Of Extremely Poor Persons In Nigeria Hits 102 Million — NECA

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images 8 3 Population Of Extremely Poor Persons In Nigeria Hits 102 Million — NECA

There are indications that Nigeria’s poverty level may have further deteriorated as the latest reports of the Nigeria Employers Consultative Association, NECA, shows a 10 percentage point rise in the number of the extreme poor in the country against the 2019 report of the National Bureau of Statistics, NBS.
NECA’s report says that the number of citizens in extreme poverty now stands at an estimated 102 million, representing 50 per cent of the Nigeria’s estimated population of about 205 million, as against the 40 per cent reported by NBS in October last year.
*This comes at the backdrop of the World Bank forecast that global extreme poverty is expected to rise in 2020 for the first time in over 20 years as the disruption of the COVID-19 pandemic compounds the forces of conflict and climate change, which were already slowing down progress in poverty reduction efforts around the world.
“Financial Vanguard’s findings from the data obtained from NECA revealed that the total number of people living in extreme poverty in Nigeria now stands at 15 percent of the total number of people living in extreme poverty world-wide.
“In the latest annual report of NECA, its Acting President, Taiwo Adeniyi, said: “With COVID-19, the figure could only be imagined. It is practically impossible to separate unemployment from poverty. The longer people stay out of employment or any reasonable means of income, the higher the rate of poverty.
“Two years after it was reported that Nigeria had surpassed India as the nation with the highest number of people living in extreme poverty across the world, the country’s poverty ranking continues to surge.”
*Adeniyi stated further: “The World Poverty Clock, a web tool based on World Data Lab’s global poverty model, estimated in June 2018 that 86.9 million Nigerians are living on less than $1.90 a day. That number has increased by over 15 million in the past two years, according to new figures published by World Data Lab on May 26, 2020.”
*The NBS in a report about poverty and inequality from September 2018 to October 2019, had said 40 per cent of people in the continent’s most populous country live below its poverty line of N137,430 ($381.75) a year. It said that represents 82.9 million people.
“In Nigeria, 40.1 per cent of total population were classified as poor. In other words, on average, four out of 10 individuals in Nigeria has real per capita expenditures below N137,430 ($352) per year,” it added.
The NBS said it did not include Borno, the state worst hit by the decade-long Boko Haram armed uprising, because many areas there were not safe to reach.
According to the report, 52 per cent of people in rural areas live in poverty, compared with 18 per cent in urban parts of the country.
It stated: “The highest poverty levels were in the northwest state of Sokoto, where 87.7 per cent of people live under the poverty line compared with 4.5 per cent in commercial hub Lagos state, which had the lowest rate.”
World Bank’s universal perspective
The World Bank noted that poverty reduction has suffered its worst setback in decades, after nearly a quarter century of steady global declines in extreme poverty.
Specifically, the World Bank estimated that the pandemic would push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021, depending on the severity of the economic contraction.
It stated this in its biennial ‘Poverty and Shared Prosperity Report,’ released ahead of the 2020 virtual Annual Meetings of the World Bank and the International Monetary Fund (IMF).
The bank had in June, predicted that there would be 95.7 million Nigerians living below the poverty line by 2022, due to the impact of the virus.
It defined extreme poverty as living on less than $1.90 a day, adding that it was likely to affect between 9.1 per cent and 9.4 per cent of the world’s population in 2020.
The report also finds that “many of the new poor will be in countries that already have high poverty rates. A number of middle-income countries will see significant numbers of people slip below the extreme poverty line. About 82 per cent of the total will be in middle-income countries, the report estimates.”

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Police Kill 5 Looters In Ikotun , Arrest Scores

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images 2020 10 23T105819.879 Police Kill 5 Looters In Ikotun , Arrest Scores

Horror in Ikotun as police kill 5 looters, arrest scores
Pandemonium broke in Ikotun, Alimosho area of Lagos State following the killing of about five hoodlums who were shot dead by Mobile Police, Mopol, after attacking a popular supermarket and looted various items in the process.
Earlier, a Mopol officer and another person believed to be a police informant were allegedly killed by hoodlums in Idimu-Ikotun road, Egbe-Idimu Alimosho Local Council Development Area, LCDA.
According to an eyewitness, Mr Ayo Akinwale, “At about 2 pm some hoodlums who invaded Ikotun Police Station but found no policeman on ground proceeded to a nearby supermarket, called Twins Faja and looted various items such as computers, households items, wristwatches, foodstuff, among other expensive items.
“While the looters were still operating, a team of Mobile Policemen who arrived the scene following a distress call, started shooting at the looters killing at least five persons, while several others were arrested with various gunshot wounds.
“The bodies and those arrested were later taken away in the police vans to an unknown destination.”
When Vanguard visited the crime scene, the shattered glasses and other looted items which could not be taken away littered the ground.
It was also gathered that earlier, a mob had lynched a Mopol while walking along the road in College area of Ikotun, while another unidentified man believed to be police informant was also beaten to death in the presence of his infant daughter while having a stroll.
“Some of the hoodlums who recognised him as police informant raised the alarm before others descended on him and beat him to death in the presence of his daughter, about 7 years old.
“The body of the deceased was later recovered by the Mopol who have been patrolling this area,” Akinwale narrated.
Amid the curfew and following the ugly incidents the entire area was like a ghost town as the road was totally deserted with several Mopol in their vans seen patrolling the area at the time of filing this report, 6.30 pm.

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WTO: European Parliament Backs Okonjo – Iweala , Says She Is Well – Equipped

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images 2020 10 23T105345.816 WTO: European Parliament Backs Okonjo - Iweala , Says She Is Well - Equipped

The European Parliament has endorsed the candidacy of Nigeria’s Ngozi Okonjo-Iweala in her quest to lead the World Trade Organisation as Director-General.
The Parliament in a letter on Wednesday said it screened the two remaining candidates in the WTO DG race — Okonjo-Iweala and Yoo Myung-hee of South Korea — and was convinced that the Nigerian candidate has the ‘energy’ and is ‘well-equipped’ for the job.
In the letter signed by the Co-chairs of the Parliamentary Conference on the WTO Steering Group, Bernd Lange and Sven Simon, the EP said it was satisfied with Okonjo-Iweala’s level of requirements and skills.
It, therefore, urged the European Union to express support for the candidacy of the former World Bank director.
The letter titled, ‘EP Exchanges of Views with WTO Director-General candidates’, partly read, “On 19 October, the EP’s Steering Group of the Parliamentary Conference on the World Trade Organisation organised exchanges of views with the two remaining candidates for the role of Director-General of the WTO.
“On this occasion, both candidates gave us an extensive account of their plans for the future of the organisation and the approach they would choose in order to deal with the crises that are currently threatening the multilateral trading system.
“Both candidates are extremely experienced, well qualified and knowledgeable, and have their own clear visions for the WTO’s future and priorities, and the Director-General’s role in shaping it, as well concerning the important role for parliamentarians in that future.
“During the discussions, we appreciated, in particular, the vision that Dr Ngozi Okonjo-Iweala presented for tackling the substantial challenges the organisation is facing.
“Her assessment of the existing problems of the organisation revealed a deep understanding of the fault lines dividing the WTO’s membership.
“The points she set out for her first steps after being appointed to the position reveal a clear-eyed agenda, tackling head-on key topics such as special and differential treatment, industrial subsidies and dispute settlement reform while recognising the need for positive momentum through the conclusion of agreements on issues such as fisheries, e-commerce, and health.
“We also appreciated the energy with which she is likely to approach her new role. It appears to us that her personal approach is what is needed now to resolve the key questions at the organisation.
“Dr Okonjo-Iweala appears to be well-equipped for being the fair broker who could bring key players together and help them find the compromises that will be needed to resolve the WTO‘s complex set of challenges and the deep disagreements between its members.
“We, therefore, very much hope that the EU will be able to support Dr Okonjo-Iweala’s candidacy during the last round,” the parliament noted.
The had earlier reported that 79 out of the 164 states that comprise the WTO endorsed Nigeria’s first female finance and foreign minister for the job.
The global trade body is set to be led by a woman for the first time whichever of the two candidates is successful in their bid to follow Roberto Azevedo, who stepped down as WTO director-general in August a year ahead of schedule.
Okonjo-Iweala, 66, who has a 25-year career behind her as a development economist at the World Bank, said it would be good if WTO could also boast its first African leader.
The initial pool of eight candidates for the WTO’s top post, which has been whittled down over two rounds of consultations, had included three Africans, and the AU had until now refrained from offering an official endorsement.
The third and final round of consultations seeking to establish consensus around one candidate is due to begin next week and end on October 27, with the announcement due in early November.

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Fire outbreak at Warri prison as inmates attempt to escape

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66625DE7 6BC7 4A23 BCCF D4760E797F2E Fire outbreak at Warri prison as inmates attempt to escape

The administrative session of Warri Prison in Delta state was razed in an attempted jailbreak on Thursday.

It was gathered that protesting inmates burnt down the place just as suspected hoodlums stormed the prison to set them free.

But soldiers reportedly moved in to prevent the escape of the prisoners.

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