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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DR CONGO ARRESTS 17 CHINESE MEN FOR RUNNING AN ILLEGAL GOLD MINE. (PHOTO).

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 DR Congo arrests 17 Chinese men for running an illegal gold mine


Seventeen Chinese nationals have been arrested on suspicion of running an illegal gold mine in Democratic Republic of Congo, authorities said, as the government pressed on with a crackdown on unlicensed extraction of its minerals, Reuters reported.


The men were brought into the press conference called to announce their detention in Bukavu, the main town in strife-torn South Kivu province. They sat on chairs without restraints and did not speak to journalists.


The men were arrested after a government delegation made an unannounced visit to the mine site in the village of Karhembo on Thursday, the province's finance minister and acting mines minister, Bernard Muhindo, said.


"We asked them to present us with the company's documents. There were no documents, zero. No certificate, no status, no national identification, nothing," Muhindo said.


Around 60 Chinese nationals were at the site and officials detained 17 who appeared to be in charge, along with some people from Congo and neighbouring Burundi, he added.


The Chinese embassy in Kinshasa did not immediately respond to a Reuters request for comment. Burundi's embassy said it was still waiting for details from its representative in Bukavu.


The central African country says it has been struggling to stop unlicensed companies and in some cases armed groups from exploiting its rich reserves of cobalt, cooper, gold and other minerals.


Competition over mining operations has fuelled fighting in the region that borders Rwanda.


In July, the province's governor, Jean-Jacques Purusi Sadiki, suspended mining operations there and ordered companies and operators to leave in a bid to "restore order to mining operations".


They were later resumed but authorities said they would continue investigations into the sector.pp

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