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20m More Nigerians Will Be Poor By 2022 -World Bank

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The World Bank dropped a bombshell, yesterday, reporting that an additional 20 million Nigerians are likely to join the ranks of the poor in 2022, with the absence of measures to mitigate the twin impacts of the Covid-19 pandemic and the drop in crude oil prices.
The global bank added that the pandemic was disproportionately affecting the poor and most vulnerable, particularly women, and called for pragmatic measures to stem the tide.
The World Bank, in its Nigeria Development Update (NDU), noted that food insecurity has increased substantially, adding that economic precariousness was on the rise because unemployed workers have migrated to the low-productivity agricultural sector.
According to the bank, an average Nigerian will in the next three years see a reversal of decades of economic growth and the country could enter its deepest recession since the 1980s.
The report argues that this path could be avoided if progress in the current reforms was sustained and the right mix of policy measures quickly implemented
While acknowledging measures taken by the government since April, including the efforts to harmonise exchange rates, introduce a market-based pricing mechanism for gasoline, adjust electricity tariffs to more cost-reflective levels, and reduce non-essential expenditures and redirect resources towards the Covid-19 response, it said there is need for a greater policy response to the economic crisis.
It also highlights the greater transparency in the oil and gas sector and public debt as essential steps for a resilient recovery.
The World Bank’s Lead Economist for Nigeria and co-author of the report, Marco Hernandez, said: ‘Nigeria can build on its reform momentum to contain the spread of Covid-19, stimulate the economy, and enable the private sector to be the engine of growth and job creation.
‘It can also redirect public spending from subsidies that benefit the rich towards investments in Nigeria’s people and youth in particular, and lay foundations for a strong recovery to help make progress towards lifting 100 million people out of poverty.’
The report titled, “Rising to the Challenge: Nigeria’s Covid-19 response”, takes stock on the recently implemented reforms and proposes policy options to mitigate the impact of Covid-19 and foster a resilient, sustainable, and inclusive recovery.
The World Bank Country Director for Nigeria, Shubham Chaudhuri, while speaking on the report, said Nigeria is at a critical historical juncture, with a choice to make.
He added that “Nigeria can choose to break decisively from business-as-usual, and rise to its considerable potential by sustaining the bold reforms that have been taken thus far and going even further and with an even greater sense of urgency to promote faster and more inclusive economic growth.”
The latest World Bank NDU projects that the economy could shrink up to four per cent in 2020 following the twin shocks of Covid-19 and low oil prices.
It said the pace of recovery in 2021 and beyond remains highly uncertain and subject to the pace of reforms.
Looking ahead, the Bank, in the report, discusses policy options in five areas that would help mitigate the effects of the crisis and support Nigeria’s recovery.
The areas are managing the domestic spread of Covid-19 until a vaccine is available for distribution; enhancing macroeconomic management to boost investor confidence; safeguarding and mobilizing revenues; reprioritizing public spending to protect critical development expenditures, and supporting economic activity and access to basic services and providing relief for poor and vulnerable communities.
However, Nigeria’s $1.5billion facility would be placed before the World Bank Board for approval, next week, the Country Director (CD) for Nigeria, Mr. Shubham Chaudhuri, revealed, yesterday.
He said during a webinar on the latest Nigeria Development Update (NDU) that the facility was prepared to assist states in the tackling Covid-19 and to address governance issues.
According to the CD, Nigeria was on a fiscal cliff requiring courageous and urgent policy measures by the leaders to avoid the nation from falling so badly as to equal the 1980s’ experience, by 2022.
The World Bank Country Director for Nigeria, Said Chaudhuri, “Nigeria is at a critical historical juncture, with a choice to make.
“Nigeria can choose to break decisively from business-as-usual, and rise to its considerable potential by sustaining the bold reforms that have been taken thus far and going even further and with an even greater sense of urgency to promote faster and more inclusive economic growth.”

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CAN President Tasks Christians On Unity

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Against the backdrop of rising economic challenges and global uncertainties, the President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has called for calm, unity, and responsible leadership as Christians across the country mark Palm Sunday, yesterday.
In a statement released yesterday, Okoh reflected on the significance of Palm Sunday, saying that it is a moment that symbolises peace, humility, and hope, even in times of tension and uncertainty.
He further explained that Jesus entered Jerusalem with calm resolve, not as a display of force, but with a message of peace and purpose.
The CAN President noted, “The message of the Christian observance is particularly relevant as many Nigerians grapple with economic hardship, including rising cost of living, increasing fuel prices, and escalating food costs.”
He attributed part of the economic pressure to global developments, especially geopolitical tensions involving Iran, Israel, and the United States that are already impacting energy markets and, by extension, everyday life in Nigeria.
He stressed that across the country, families are feeling the weight of these times, with transport costs rising, food prices climbing, and daily life becoming more difficult.
He stated that Nigerians are primarily concerned with survival and stability, appealing to leaders at all levels to be mindful of the tone and impact of their words and actions.

According to him, when life feels uncertain, people need reassurance, they need stability and the confidence that those in authority understand their struggles. He stressed that the lessons of Palm Sunday should guide leadership, as true leadership is defined not by force or rhetoric, but by empathy, restraint, and a commitment to the common good.
He stressed that it is a time for decisions that ease burdens, calm anxieties, and bring people together, and called on the Church and Nigerians of all faiths to embrace their responsibility in promoting peace and unity.
He said Palm Sunday serves as a reminder of a time when people from diverse backgrounds came together in shared hope and purpose, pointing out that the same spirit is needed now to stand for peace, strengthen unity, and support one another, especially in a season that could easily tilt towards tension.
Okoh encouraged young Nigerians and those most affected by the current economic realities not to lose hope, acknowledging that while the challenges are real, they are not insurmountable.

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Acting Provost Dismisses Alleged Missing Equipment Claims At Rivers Health College

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The Acting Provost of the Rivers State College of Health Science and Management Technology, Dr. (Mrs.) Peace Chigozirim Amadi has refuted claims circulating in the media suggesting that laboratory equipment went missing from the college.
In a recent statement, Dr. Amadi described the reports—particularly those attributed to certain publications—as false and misleading. She emphasized that all laboratory equipment at the college remain intact.
“I am here to set the record straight. No laboratory equipment disappeared from my college. Nothing is missing,” Dr. Amadi said, challenging anyone with contrary claims to provide evidence, including the names of the equipment and their supposed locations.
She further noted that the college recently underwent an accreditation exercise, during which significant investments were made in laboratory equipment. According to Dr. Amadi, these items are fully accounted for, and the college maintains a robust security system to protect its assets.
“Everything is intact. Nothing disappeared. The information being circulated is false and should be discarded,” she reiterated.
Beyond addressing the allegations, Dr. Amadi also called on media practitioners to exercise professionalism and verify stories before publication. “I want to plead with journalists to always verify their stories. Junk journalism does not help anyone. No matter the information you receive, it is important to hear the other side before publishing,” she said.
While social media posts have occasionally raised concerns about various issues in the region’s health education sector, including extortion and examination malpractice at related institutions, there is no independent evidence from credible news sources confirming that equipment went missing from Rivers State College of Health Science and Management Technology.
The college, a public tertiary institution based in Port Harcourt, Rivers State, is accredited to offer a variety of health-related programs, including Nursing, Midwifery, Laboratory Technology, and Environmental Health. It has consistently emphasised integrity, safety, and transparency in its operations.
Dr. Amadi’s statement seeks to reassure the public, students, and stakeholders that the college remains secure, well-managed, and free from the alleged equipment losses, while urging journalists to prioritise accuracy in reporting.

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Hausa Leader Lauds Fubara For Sustaining Peace, Security In Rivers

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The Chairman of the Arewa Traditional Council of Chiefs in Rivers State, Alhaji Hussaini Isa Madaki, has commended Governor Siminalayi Fubara of Rivers State for his efforts in sustaining peace and security of lives and property across the state.
Madaki, who is also the Sarkin Hausawa in Rivers State, described the governor as a leader who has embraced the Hausa community as part of the larger family in the state.
Speaking with journalists at his office in Port Harcourt during the 2026 Eid al-Fitr celebration, Madaki noted that Governor Fubara has demonstrated fairness and inclusiveness by not segregating any ethnic group, particularly the Hausa community.
He added that the governor’s peaceful disposition has positioned Rivers State as one of the most accommodating and peaceful states in the country.
Madaki further assured that the Hausa community would continue to give maximum support to the Fubara-led administration until the end of its tenure.
He also urged members of the community to remain peaceful and law-abiding as they go about their lawful activities.
On community development, Madaki disclosed that district and ward heads have been appointed and crowned across Hausa settlements in the State to ensure proper coordination and profiling of residents. According to him, the initiative is aimed at strengthening security, enhancing identification, and improving crisis management at the grassroots level.
He explained that the move became necessary due to recurring security concerns, including disturbances allegedly caused by some scavengers and cart pushers.
Madaki called on the newly appointed leaders to promote inclusiveness, harmony, and peaceful coexistence in the discharge of their responsibilities.
Those appointed include Alhaji Abubakar as Port Harcourt City District Head; Alhaji Buba Usman (Eleme axis); Malam Adamu (Eagle Island); Alhaji Tanlasuki (Gborokiri Yam Zone); Abdullahi (Rumukwurushi); Adamu Suleiman (Aboloma); and Useni Umaru (D-Line).
He appealed to Governor Fubara to formally recognise the efforts of the Hausa leadership structure in the State and extend further support in the spirit of inclusivity and unity.

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