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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LASG PROPOSES NEW ELECTRICITY POLICY.{PHOTO}.#PRESS RELEASE.

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... Policy will accelerate “Light-Up Lagos” initiative when operational, says Energy Commissioner
The Lagos State Government, through the Ministry of Energy and Mineral Resources, is set to have a State Electricity Policy that will serve as a blueprint for the attainment of universal access to electricity.
Commissioner for Energy and Mineral Resources, Olalere Odusote broke the news on Tuesday at this year’s Ministerial Press Briefing, in commemoration of the second year anniversary of the Governor Babajide Sanwo-Olu administration at Alausa, Ikeja.
According to him, the electricity policy, when it becomes functional, will also accelerate the "Light-up Lagos" programme.
The Commissioner noted that "Lagos Electricity Policy is vital in achieving the T.H.E.M.E.S. Agenda and will serve as a key driver for the social and economic development aspirations of the State in consonance with Government’s 30-year Development Plan (2021 – 2051), currently being developed.”
Odusote, an engineer, added that Governor Sanwo-Olu approved the procurement and installation of twenty thousand (20,000) units of Prepaid Energy Meters for Communities as a way of improving electricity supply.
The Commissioner also emphasised that the Sanwo-Olu-led Administration and a leading smart metering solution company (Elsewedy Electric) had agreed on meter supply to target low-income communities and also identified transmission infrastructure challenges across the State.
Odusote also recalled that a programme titled “Smart Hackathon 2020”, was launched last July by Governor Sanwo-Olu, who said the idea was to design, produce and mass-distribute affordable and reliable Smart Meters in Nigeria.
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