Poverty Reduction

The International Monetary Fund (IMF) has urged countries in Sub-Saharan Africa to do more domestically to increase tax revenues and improve the quality of spending.

The International Monetary Fund on Friday said its board had approved new three-year financing arrangements for Kenya valued at $2.34 billion to help the African country continue responding to the COVID-19 pandemic and address its debt vulnerabilities.

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has inaugurated a symbolic disbursement of N20,000 grant to each of the 2,510 beneficiaries from all the local government areas in Abia State.

The minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has advised Nigerian women not to regard the N20, 000 special grant given to the rural woman by the federal government as the fabled national cake.

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has noted that although the IMF has given financial support to member countries to enable the, deal with the impact of the coronavirus on their economies, the outlook remains uncertain.

The Federal Government on Sunday began the disbursement of Rural Women Cash Grant Programme to elderly and indigent women in Anambra.

The Federal Government on Saturday inaugurated its N20,000 cash grant each for 3,500 rural women drawn from the 20 local government areas (LGAs) of Ogun.

The National Directorate of Employment in Ondo State has assured prompt payment of monthly stipend to 350 apprentices to be trained under its Basic National Open Apprenticeship Scheme (BNOAS)

Since the beginning of 2021 and as a follow-up of the events of last year, the food security situation in Western Africa is a mixed picture. Although COVID-19 infection rates remained low compared to global figures, the impact of the pandemic led to reduced economic growth stemming from national restrictions put in place to slow the spread of the virus.

Mazi Sam Ohuabunwa, a former Chairman of Nigerian Economic Summit Group (NESG), says there is the need for Nigerians to imbibe the culture of creativity and skill development to curb unemployment and address poverty in Nigeria.

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo made the declaration ahead of January 1, 2021 take off the AfCFTA while calling on Nigerians, particularly industrialists to take advantage of the inherent opportunities to promote Made-in-Nigeria goods.

Gombe state Governor Muhammadu Inuwa Yahaya has declared that the challenging experience the state went through in the 2020 fiscal year will be used to sharpen the vision of the government for the 2021 fiscal year and beyond.

The Federal Government/International Fund for Agricultural Development (IFAD)-Value Chain Development Programme (VCDP) has contributed 653,843 metric tons of cassava to Nigeria’s food security.

Aside from the main goal of ending open defecation across the country, the Buhari administration is prioritizing the Clean Nigeria Campaign as its success contributes to key initiatives including, enhancing social inclusion; poverty reduction; business growth, and entrepreneurship; greater access to quality education and affordable healthcare, among others.Aside from the main goal of ending open defecation across the country, the Buhari administration is prioritizing the Clean Nigeria Campaign as its success contributes to key initiatives including, enhancing social inclusion; poverty reduction; business growth, and entrepreneurship; greater access to quality education and affordable healthcare, among others.

James Wolfensohn, an investment banker who helped straighten out the finances of major American cultural institutions and served as president of the World Bank, died Wednesday at the age of 86.

The University of Ibadan has graduated a total of 854 students out of which a total of 528 students graduated with first degrees in various disciplines across all faculties.

The International Monetary Fund (IMF) says it loaned 83 countries the sum of $165 billion including $16.1 billion in concessional financing to 49 low-income countries in 2020.

The Civil Society Legislative Advocacy Centre, CISLAC, on Saturday, congratulated the United States President-elect, Joe Biden, and Vice President-elect, Kamala Harris, on there for victory at the November 3rd, 2020 presidential poll.

The Nasrul-lahi-l-Fatih Society (NASFAT) says it has set up a N10 million relief fund for victims of #ENDSARS protest as it enjoins Nigerians to embrace peace and dialogue for a prosperous Nigeria.

Former Senate Leader, Senator Mohammed Ali Ndume, All Progressives Congress, APC, Borno South, has urged Ministers, heads of Departments and Agencies, MDAs to ensure effective and efficient monitoring of President Muhammadu Buhari’s poverty reduction measures that were promised protesters against the notorious Federal Special Anti-Robbery Squad (FSARS) and bad governance.

The Federal Government on Monday in Abuja has set up modalities for the disbursement of 2, 000 buses to cushion effects of subsidy removal.

President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.