Editorial
Nigeria’s Poverty ‘Ranking’
A recent report by the World Poverty Clock (WPC), created by a German-funded Vienna-based NGO, World Data Lab in 2017, shows that at the end of May, 2018, Nigeria, the 7th most populous nation on earth, had emerged as the country with the highest number of people sliding into extreme poverty, overtaking the 2nd most populous nation, India with a population of 1, 354,051,854.
The WPC, a tool used to monitor real-time progress against poverty globally, by updating data from the International Monetary Fund’s World Economic Outlook, indicated that “At the end of May, 2018, our trajectories suggest that Nigeria had about 87million people in extreme poverty, compared with India’s 73million. What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall.”
Although the World Poverty Clock figure appears devastating, the National Bureau of Statistics had painted a worse picture in 2016, when it reported that no fewer than 112million Nigerians live below the poverty line. The 2018 WPC data show that 86.9miilion (22.54per cent) of 195, 875,237 Nigerians are extremely poor, living about 187,185,237 (77.46per cent) above the poverty line.
These painful statistics on Nigeria’s failure to win the fight against poverty are coming despite the fact that in the last 10 years, the country made about $484billion (approximately N150trillion) revenue from crude oil sales going by the current exchange rate of N305/$1. According to Nigeria Extractive Industries Transparency Initiative (NEITI), the nation produced about 8billion barrels of crude oil between 2008 and 2017, which translate to about $484billion in accruable revenue. Out of this sum, the Muhammadu Buhari administration received $104.484 billion in earnings from sale of 2.126 billion barrels of crude oil between 2015 and 2017.
However, The Tide notes that the 2018 IMF World Poorest Countries in GDP Growth and Per Capita Ranking, places Nigeria at 20th, with India at 19, Ghana at 18 and Kenya at 17, among 126 poorest countries in the world. The Top 10 World Poorest Countries are DR Congo, Mozambique, Uganda, Tajikistan, Haiti, Ethiopia, Yemen, Uzbekistan, Tanzania and Kyrgyzstan, in that order.
Without mincing words, the WPC figure is unfortunate and unacceptable given Nigeria’s huge natural and human resource endowments. We believe that if political leaders had judiciously managed the $484billion revenue from crude oil, $15billion would have been deployed to fix infrastructure yearly over the next 33 years, thereby drastically eliminating the vulnerability of Nigerians to the scourge of extreme poverty.
The Tide notes that Nigeria’s extreme poverty index is exacerbated by the glaring disconnect between available resources and observed growth and development, which now forces six Nigerians to slide into poverty and squalor every minute. We think that the Buhari-led Federal Government has not done enough to rescue vulnerable Nigerians from abject poverty. The failure of the Buhari’s administration to invest in pro-people, quick-win infrastructural projects aimed at bridging the yawning gaps in the basic personal needs of Nigerians, such as food, clothing and shelter is to say the least, disappointing.
Although Nigeria’s GDP Growth stood at 5.5per cent in 2013, 6.2per cent in 2014, 2.8per cent in 2015, -1.6 per cent in 2016, and 0.8per cent in 2017, we reckon that the 2018 Gross Domestic Product (GDP) Growth Rate of 2.5per cent against the world benchmark of 3.4per cent and the citizens average GDP Per Capita of $2,216.672 is abysmally low, and should be accelerated through pragmatic policies and programmes designed to fast-track investors’ confidence and economic recovery.
We challenge the Federal Government to address itself to the principles of democracy so as to ensure good governance, respect the rule of law, follow due process and show serious commitment to the protection of lives and property of Nigerians, while also encouraging investments to revive industries and boost manufacturing. We also urge the government to go beyond its blame game strategy and show actual commitment to tackling the menace of insecurity and killings across the country without which extreme poverty thrives.
For the nation to move forward now, the Buhari administration must fix the poor education and health systems, improve on infrastructures, fight all forms of corruption and initiate progressive reforms for sustainable development. This way, the vulnerability of Nigerians to extreme poverty would be checked, and more of the 22.45 per cent already struggling below poverty line would reduce.
Editorial
Making Rivers’ Seaports Work

When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
Editorial
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Charge Before New Rivers Council Helmsmen

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