Category

Development

Development

Number of Poor Persons in Nigeria to Rise to 95.1 Million in 2022

A World Bank report has noted that the number of poor persons in Nigeria will rise to 95.1 million in 2022. The number of poor people was 89.0 million in 2020 and would be 95.1 million in 2022. This would mean that 6.1 million more persons would have fallen beneath the poverty line between 2020 and 2022, a 6.7% increase.

Development

In Nigeria It is Difficult to Access a Loan once you are Retired

During the launch of the Jolaade Adekola Initiative for the Retired Ageing and Aged (JAIRAA) event on 25th November 2021, Mr Harrison, a businessman brought attention to the fact that his bank did not grant him a business loan facility which he had previously had access to, claiming he was now unable to access the loan after he turned 60.

Development

Managing Risks to Nigeria’s Economy from Russia-Ukraine War

Nigeria’s economy, ordinarily, should secure more benefits than losses from the ongoing war in Ukraine. Based on current realities, the chances of this happening are slim. If the war and the attendant sanctions on Russia linger, Nigeria’s economy may actually slip into a more desperate state.