India on the Moon: Ìsẹ́, Isẹ́, and Ìsẹ̀se
Yet governments who fuel their national carriers to outer space, who fund pilgrimage to uncharted celestial lands go all the way for a reason.
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Rising Inflation, Looming Recession, and the Urgent Need for Economic Repositioning
Data from the Central Bank of Nigeria has revealed an increasing growth of inflation in Nigeria. While the inflation rate was 11.37 percent in April 2019, the figure stood at 12.34 percent in April 2020. The data has also shown a progressive increase in the inflation rate since August last year. From 11.02 percent in August, inflation rate increased to 11.24 percent in September and has since been increasing. Increases in inflation rate from August 2019 to April 2020 is shown in the figure below.
Nigeria’s Poverty Crisis and the Nigerian Living Standards Survey
With a staggering population of 205 million people, over 80 million Nigerians live in poverty. This is according to the Nigerian Living Standards Survey report published by the National Bureau of Statistics. The recently published data indicates that 40.09 percent of Nigerian are poor. Whereas the poverty rate in urban areas is only 18.04 percent, as much as 52.1 percent of rural dwellers are poor.