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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BILL TO ESTABLISH ANAMBRA ELECTRICITY SCALES SECOND READING. (PHOTO ).

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 Bill To Establish Anambra Electricity Scales Second Reading 


By Chizoba Okeke 


A bill for a law to establish Anambra State Electricity Market and Anambra State Electricity Regulatory Commission has passed second reading at the State House of Assembly.


The bill, aims to regulate electricity generation, transmission, system operation, distribution, and supply across the state.


Leading debate on the bill, the Deputy Majority Leader of the Assembly and Member representing Njikoka Constituency II, Dr. Jude Akpua, explained that it seeks to ensure equitable access to electricity across the state by integrating more areas into the national grid, noting that the commission’s primary objective would be to provide reliable and economically efficient electricity for the benefit of Anambra residents.


Supporting the motion, the Chief Whip and Member representing Ihiala Constituency I, Barr. Jude Ngobili, pointed out that the bill would play a significant role in addressing long-standing electricity challenges in the state, noting that it would facilitate the provision of electricity to Chukwuemeka Odumegwu Ojukwu University Uli Campus, which has been without power for over two decades.


The Speaker of the House, Rt Hon Somtochukwu Udeze, urged the relevant committee to thoroughly review the bill to ensure its effectiveness and stressed the necessity of establishing a regulatory agency capable of handling electricity-related matters in the state to improve power supply and economic growth. 


*Chizoba is of the Ministry of Information, Anambra State

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