MUCH ADO ABOUT ECONOMIC RETREAT

The task of sorting out the economic crisis is far from finished

 

Against the backdrop of the worsening economic situation in the country caused largely by the dwindling price of crude oil, a two-day retreat for governors of the 36 states of the federation and members of the National Economic Council (NEC) held last week at the Presidential Villa in Abuja. In his welcome address, President Muhammadu Buhari identified five key sectors which the country must focus on to revive the economy. Specifically, he said the challenges militating against development in agriculture, power, manufacturing, housing and health sectors must be squarely addressed to lift millions of Nigerians out of poverty.

Percentages of Africa living in Poverty gone down..........

The percentage of Africans living in poverty has gone down since 1990 but the numbers have gone up due to population growth, World Bank President Jim Yong Kim said in Accra on Friday, October 16.

 

Poverty

Dr Kim who was in Accra to launch a World Bank report “Poverty in a rising Africa” as part of activities to mark ‘End Poverty Day’, remarked that the news concerning poverty in Africa over the past two years “is both encouraging and sobering.”

“Half of all people living in extreme poverty live in Africa. Compared to 1990, the percentage of people living in poverty in Africa has dropped significantly but the overall number of people living in extreme poverty has gone up 63 million”, he said.

Dr Akinwumi Adesina, the President of the African Development Bank (AfDB) said the story of a rising Africa “not a complete story” though Africa is rising and is home to six of the ten fastest growing economies.

He noted that while there is growth in Africa, the growth “is underlined by high

Why We Chose Omotola For ‘Poverty Is Sexiest’—Dr Moyo

Nollywood actress, Omotola Ekeinde, was recently picked as one of the celebrities to grace the Global Campaign for Women Empowerment.