Nation
Poverty Rate In Most N’East States Is 70% -World Bank
The World Bank has put poverty rate in most states of the North-East at 70 per cent, adding that the region suffers from severe climate crisis and conflict which are diminishing its development.
This was contained in a new report titled, ‘The Lake Chad Regional Economic Memorandum: Development for Peace’, which was released by the bank on Monday.
The lender, in the report, revealed that the North-East and other regions around Lake Chad were plagued by high poverty rate, low human capital, and poor access to basic services.
The report read in part, “The region is characterised by high rates of poverty, low human capital, and poor access to key services. In the last three decades, economic activity and household incomes have been decreasing.
“Communities in the vicinity of the lake are lagging compared with the socio-economic standards in other parts of Cameroon, Chad, Niger, and Nigeria, which are already underperforming compared with other developing economies worldwide.
“For instance, in Nigeria’s North East, which flanks the lake to the southwest, poverty rates are estimated at over 70 per cent, almost double the rate in the rest of the country.”
According to the World Bank report, poverty rates in Adamawa and Yobe states are as high as 74 per cent and 70 per cent respectively.
”In Nigeria, the poverty rate in the Lake Chad region (72 per cent) is nearly twice as high as the rate in the rest of the country (38 per cent); part of this spatial gap is likely explained by the devastating impact of the Boko Haram conflict in Nigeria’s North East.
“Poverty is most prevalent in the parts of the Lake Chad region that lie within Nigeria. The poverty rates in Adamawa and Yobe states reach as high as 74 per cent and 70 per cent, significantly higher than the national average of 38 per cent,” the report read.
The report further stated that due to the activities of the Boko Haram terrorists in the region, about 2.7 million people had been displaced and 12.8 million people needed humanitarian assistance, with North-East Nigeria badly affected.
Nation
Rivers Deputy Governor Hails PH City One Love For Humanitarian Gesture
Rivers state Deputy Governor Professor Ngozi Nma Odu has commended “The Port Harcourt City One Love,”a Port Harcourt based humanitarian orgnisation For it’s commitment towards alleviating the sufferings of the poor and vulnerable in the society.
Professor Ngozi Nma Odu said this while speaking at this year’s edition of “operation feed the needy” a yearly outreach program of “The Port Harcourt City One Love ” in Port Harcourt.
The Deputy Governor said by feeding more than sixty thousands hungry people within the past six years, the Port Harcourt City One Love Movement has distinguished itself as a club that cares for the less privilege in the society.
She commended the , organization for listing eleven thousand persons to be fed in the current exercise.
Meanwhile The Port Harcourt City One Love has planned a permanent solution to the problem of feeding the poor in the state.
The leader of the group Mr Idaere Gogo Ogan who said this in an interview with newsmen during the distribution of food items to the poor and vulnerables in Port Harcourt said the organization is planning a permanent food kitchen where poor and vulnerable persons can work in anytime and get fed.
Idaere Gogo Ogan said more than sixty thousands poor and vulnerable persons across Port Harcourt City and environs have been fed since the inception of “The operation feed the needy” program six years ago,adding that so far sixty thousands poor and vulnerable persons have beneffited.
He described the group as a platform to promote friendship, brotherhood, community development empathy and feeding the less privilege and hungry people
“That’s what we are doing today here,so we started the exercise six years ago”.he said.
Ogan said the effort was a private sector driven initiative but added “it also involves people in Government because the platform does not recognize any division,we bring everybody together in unity , friendship and brotherhood”he said.
He said the effort will go along way in alleviating hunger especially following the prevailing hunger in the country.
According to him “you know the country is very tough, people are hungry people are starving, there is a whole lot of economic hardship,so for us, this is just our own way of reaching out, our own social contribution to what is very difficult”he said.
Over eleven thousand persons were fed in the just concluded exercise.
Areas of coverage include, Isaac Boro park, Port Harcourt prison/Macoba, Borokiri/Enugu waterside Bundu areas Waterlines and others.
Some of the beneficiaries including an 80 years old widow commended the movement for the annual programm and urged other organizations to emulate them
John Bibor,/Esuuk Oyet/Suotor Memoye /Jeremiah Hannah
Nation
We’ll Partner Private Sector to Industrialize Rivers State – Fubara …Hints Revitalization of Ahoada, Trans Amadi Industrial layout
Nation
SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.
“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.
Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.
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