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Implementing economic reforms to tackle poverty


Bola-Audu
Until deliberate policies and reforms are implemented, the plan by the Federal Government to take over 100 million Nigerians out of poverty by 2030 would be another mirage.
 
Analysts are of the view that without the political will and determination to change the status quo, policies and recommendations will only continue to gather dust in government offices with serious consequences for the nation.
 
This is just as the World Bank has projected that the number of poor people in Nigeria will increase by 20 million by 2022. World Bank Senior Economist, Gloria Joseph-Raji, who stated this at the launch of the 2021 macroeconomic outlook report by the Nigeria Economic Summit Group (NESG), said: “We consider Nigeria right now to be at a critical junction in the sense that the achievement of its development goal of lifting 100 million people out of poverty by 2030 was already challenging even before COVID-19 struck, and then COVID-19 has made this even ....

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Poor Nigerians Will Increase By 15 Million Soon, World Bank Says


Poor Nigerians Will Increase By 15 Million Soon, World Bank Says
Nigeria needs to push forward policies that improve the business environment and improve the welfare of the average Nigerian.
by Saharareporters, New York
Feb 03, 2021
Nigeria needs to implement key reforms to get the economy out of the current doldrums and achieve sustainable, inclusive growth, the World Bank and the Chairman of the Presidential Economic Advisory Council, Dr Doyin Salami, have said.
They said this on Tuesday at the virtual launch of the 2021 Macroeconomic Outlook of the Nigerian Economic Summit Group, a private sector-led think-tank.
At the forum, the World Bank said its estimates show that between 15 million and 20 million Nigerians would join the poverty rank by 2022, Punch reports. ....

Gloria Joseph Raji , World Bank Senior Economist , Nigeria Living Standards , World Bank , Presidential Economic Advisory Council , Nigerian Economic Summit Group , Bank Senior Economist , Nigeria Living Standards Survey , குளோரியா ஜோசப் ராஜி , உலகம் வங்கி மூத்தவர் பொருளாதார நிபுணர் , நைஜீரியா வாழும் தரநிலைகள் , உலகம் வங்கி , நைஜீரியன் பொருளாதார உச்சிமாநாடு குழு , வங்கி மூத்தவர் பொருளாதார நிபுணர் , நைஜீரியா வாழும் தரநிலைகள் கணக்கெடுப்பு ,

Number of poor Nigerians may hit 100m by 2022, says World Bank


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Gloria Joseph-Raji, World Bank senior economist, was speaking on Tuesday at the launch of a 2021 macroeconomic outlook report by the Nigeria Economic Summit Group (NESG).
Quoting the monthly COVID-19 impact survey carried out by the National Bureau of Statistics, Joseph-Raji said most households have remained in an economically precarious situation despite the pick up in economic activities after the lockdown was lifted.
A 2020 report released by the NBS showed that
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“The pace of recovery is highly uncertain. We actually consider Nigeria right now to be at a critical junction in the sense that the achievement of its development goal of lifting 100 million people out of poverty by 2030 was already challenging even before COVID-19 struck, and then COVID-19 has made this even more challenging and more urgent,” she said. ....

Asue Igohdalo , Gloria Joseph Raji , National Bureau Of Statistics , Nigeria Living Standards , World Bank , Nigeria Economic Summit Group , National Bureau , Nigeria Living Standards Survey , குளோரியா ஜோசப் ராஜி , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , நைஜீரியா வாழும் தரநிலைகள் , உலகம் வங்கி , நைஜீரியா பொருளாதார உச்சிமாநாடு குழு , தேசிய பணியகம் , நைஜீரியா வாழும் தரநிலைகள் கணக்கெடுப்பு ,

Nigerian govt's inability to curb economic challenges will make 15m Nigerians poorer —World Bank


World Bank Senior Economist, Gloria Joseph-Raji, has said Nigerian government’s inability to curb economic challenges will make 15 to 20 million Nigerians poorer by 2022.
Joseph-Raji listed factors that will push more Nigerians into poverty while speaking on Tuesday at the virtual launch of the 2021 Macroeconomic Outlook of the Nigerian Economic Summit Group (NESG).
The government had planned to lift 100 million Nigerians from poverty, but the country’s economic downturn has posed a challenge which President Muhammadu Buhari’s administration has found difficult to subdue.
Joseph-Raji stated that lack of jobs have prevented poor Nigerians from crossing the poverty line. She also cited low growth in the business environment as a factor driving poverty level high within the country. ....

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Assets' Stripping Beyond Idiocy


Assets’ Stripping Beyond Idiocy
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I belong to a school of thought that holds firmly to the idea that the sovereign state should be wealthy, prosperous and sustainable virtually ad-infinitum.
Philosophically, the connotation and denotation of a sovereign entity conveys the immediate and empirical impression and evidence of a big institution that is wealthy enough to collectively enhance the well being and welfare of the citizenry.
Part of my Ideological conviction on what a nation state should be, has found empirical anchor on what some scholars see as the meaning of the concept of sovereignty as encompassed in the encyclopaedia Britannica thus: “Sovereignty, in political theory means, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. The concept of sovereignty one of the most controversial ideas in political science and international law is closely related to the difficult conce ....

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