Economy Archives - Page 55 of 69

Dec

07

2022

133 million poverty index: Twists, turns as FG, States trade blame

Business, Economy, Lifestyle, Metro, News, Opinion, PoliticsBusiness, Economy, Lifestyle, Metro, Next Level, Nigeria, Opinion, Politics, Security

The recent report by the Nigeria Bureau of Statistics (NBS) that about 133 million Nigerians live in poverty is generating serious controversy, with the Federal and State governors now trading words. Recall that in the early month of November, NBS disclosed that 133 million Nigerians were multi-dimensionally poor, saying that the figure represents 63 percent of the country’s population. The report blamed the country’s rising poverty on poor access to education, living standards, health, employment, and security. It further indicated that 65% of the country’s poor people (86 million) live in the North, whereas 35% (nearly 47 million) live in…

Dec

04

2022

By Amos Oge Kalu

Don’t blame us, you failed Nigerians, govs reply FG

Economy, News, Opinion, Politics2023, Economy, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics

Governors of the 36 states have accused the Federal Government of abandoning its duty of addressing the security challenges crippling economic activities in the country. The governors, under the auspices of the Nigeria Governors’ Forum, said the rising level of poverty among Nigerians was a consequence of the biting effect of insecurity on commercial and agricultural activities. They also alleged that the Federal Government’s inaction had allowed “bandits, insurgents, and kidnappers to turn the country into a killing field”. While reacting to the claim by the Minister of State for Budget and National Planning, Clement Agba, that the 36 governors were…

Dec

04

2022

By Amos Oge Kalu

Navy accuses NNPC of exaggerating figures, not being sincere about oil theft

Business, Economy, Metro, News, OpinionCrime, Economy, Metro, Nigeria, NNPP, Opinion, Security

The Nigerian Navy has accused the Nigerian National Petroleum Corporation Limited of not revealing the actual cause(s) of crude oil theft in the country, but reeling out exaggerated figures to save its face. This disclosure was made to the Senate Committee on Economic and Financial Crimes by the Navy Chief of Training and Operations, Rear Admiral Solomon Agada, during an interactive briefing of the relevant agencies implementing the Proceeds of Crime (Recovery and Management) Act, 2022 at the National Assembly. Our correspondent exclusively observed the proceedings. Agada revealed that at several interactions with the NNPC, the Navy had explained the…

Dec

03

2022

By Amos Oge Kalu

Osinbajo inaugurates Omeife, Africa’s first humanoid

Business, Economy, Lifestyle, NewsArtificial Intelligence, Economy, Lifestyle, Nigeria, Omeife

Vice-President Yemi Osinbajo, on Friday in Abuja, inaugurated Omeife, Africa’s first humanoid to boost Artificial Intelligence (AI) and technological development in Nigeria and the continent. Osinbajo was represented by the Minister of Communications and Digital Economy, Prof. Isa Pantami, who in turn was represented by the Director-General, of the National Information Technology Development Agency (NITDA) Kashifu Inuwa. The News Agency of Nigeria (NAN) reports that Omeife, the first African humanoid robot was developed by the Uniccon Group. Omrife is with near-human resemblance, language competency, movement, navigation, and behavioral intelligence using AI and computer vision capabilities. “We are living in an…

Dec

01

2022

By Amos Oge Kalu

2023: Tinubu promises Bayelsans thousands of jobs, renewed hope for youths

Economy, Opinion, Politics2023, All Progressives Congress, Bola Ahmed Tinubu, Economy, Next Level, Nigeria, Politics

Presidential candidate of the All Progressives Congress (APC), Ahmed Bola Tinubu, has promised to renew the hope of Nigerian youths with the creation of thousands of jobs if elected president of the country in the forthcoming general elections. Tinubu gave the assurance on Thursday during the APC presidential campaign rally in Yenagoa, the Bayelsa State capital. Tinubu, who lamented the deplorable state of development in the state since 1999 to date under the Peoples Democratic Party(PDP), said with what he has done in Lagos as governor, Bayelsa deserves the same. He said: “The Poverty Development Party (PDP), you know them,…