Category : Search result: World Bank poverty projection


Eldee Explains How Poverty Is Weaponised in Nigeria

Veteran rapper Eldee The Don exposes how politicians and religious leaders deliberately sustain poverty in Nigeria to maintain control and relevance. Read his powerful critique on societal values.

CBN Predicts N950 Fuel Price for 2026

The Central Bank of Nigeria projects petrol prices will hover around N950 per litre in 2026, based on oil prices and forex. This is higher than current rates set by Dangote Refinery. Read the full analysis.

PwC: 62% of Nigerians May Be Poor by 2026

A new PwC report warns that 141 million Nigerians could be living in poverty by 2026. Learn the key factors driving this alarming projection and its implications for households.

CBN Issues New Cash Directive to Banks for 2026

The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.

Obi: Tax Reforms Must Not Punish the Poor

Peter Obi cautions the Nigerian government against imposing taxes that worsen poverty. He advocates for comprehensive, people-centered economic reforms to stimulate growth.

Obi: Taxing Poverty Undermines Nigeria's Growth

Peter Obi criticizes Nigeria's tax implementation, arguing it burdens the poor. He calls for a transparent system focused on production, not just revenue. Read his full statement.

Man Cries Out as N100k Bank Transfer Becomes N63k

A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.

Gas Crisis Fuels Deforestation as Prices Soar

Despite vast gas reserves, soaring LPG prices force Nigerian households back to firewood and charcoal, deepening health risks and accelerating forest loss. Experts warn of a growing energy poverty crisis.

Farmers: Cashew Export Ban Could Worsen Poverty

Nigerian cashew farmers urge the government to drop the proposed export ban, warning it will cripple the non-oil sector and increase poverty. They call for local processing plants instead.

No Bank Shutdowns from CBN Recapitalisation - ACAMB

The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.

World Bank Approves $500m for Nigerian MSMEs

The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.

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