MORE NIGERIANS EXPECTED TO FALL INTO POVERTY BY 2027 – WORLD BANK. (PHOTO).

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 More Nigerians expected to fall into poverty by 2027 – World Bank Despite Nigeria’s resources-rich status, more of the county’s citizens are expected to sink into poverty by 2027, the World Bank Group has said. This is contained in the World Bank’s Africa Pulse report released at the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, the United States. The report noted that sub-Saharan Africa has the highest extreme poverty rate globally, with a large share of the poor concentrated in a few countries. According to the Bretton Woods institution, about 80 percent of the world’s estimated 695 million extreme poor resided in the region in 2024, compared to 8 percent in South Asia, 2 percent in East Asia and the Pacific, 5 percent in the Middle East and North Africa, and 3 percent in Latin America and the Caribbean. “Within Sub-Saharan Africa, half of the 560 million extreme poor in 2024 resided in four countries,” the report highlight...
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FEDERAL GOVERNMENT HAS APPROVED THE AWARD OF A $470 MILLION CONTRACT FOR ABUJA WATER SUPPLY PROJECT.

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No automatic alt text available.              The Nigerian government has approved the award of a $470 million contract for the greater Abuja Water Supply Project to provide water for residents of the Nigerian federal capital.The Federal Executive Council approved the contact at its meeting presided over by the Acting President,Professor Yemi Osinbajo.
Minister of the Federal Capital Territory,Mohammed Bello,who briefed State House Correspondents on the outcome of the meeting,said the Greater Abuja Water Supply Project,which was one of the three memoranda his ministry presented at the meeting,was aimed at providing potable water supply to greater part of the Abuja.''This project,which is being funded by the China EXIM Bank,is to provide water to what we call loops 1,2,5 and 6,''Bello said,explaining that the overall master plan for Abuja has 10 loops out which looks which ''loops 3 and 4 are already operational,providing water to Garki,Asokoro and the Central Business District''.
He said the project would leverage on the Lower Usuma Water Treatment Dam and the Wupa Water Treatment Plant in Abuja,which is reputed to be one of the largest in Africa''.
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