National News
ActionAid Nigeria Says Nigeria’s Macroeconomic Growth Has Shown No Impact in Citizens Living Standard
ActionAid Nigeria Says Nigeria’s Macroeconomic Growth Has Shown No Impact in Citizens Living Standard
By: Michael Mike
ActionAid Nigeria has expressed concerns that the country’s macroeconomic growth has failed to translate into better living standards for the majority of citizens.
ActionAid Nigeria, in a statement on Thursday by its Country Director, Andrew Mamedu said since 1960 when Nigeria got her independence, the Federal budget has climbed increasingly. Between 1999 and 2025 the Nigerian budget has climbed from approximately $3.1billion (excahange rate source: Oanda ₦299billion) to $36billion (exchange rate source Oanda ₦54.9trillion in 2025) yet, poverty rates in the same period have also increased proportionately in Nigeria from 42.7% of a population of 123 million people in 1999 to 52.5% of 230 million people today.
Mamedu noted that: “The latest World Bank report reinforces the lived realities of Nigerians, confirming that poverty remains widespread and persistent. Although macroeconomic indicators suggest that Nigeria may be on a path toward recovery with GDP growth rates of between 3.13% and 3.9% in subsequent quarters of 2025, the benefits of such growth have not translated into real improvements in citizens’ livelihoods. Inflation may have eased marginally to 20.12% in August 2025 from 21.88% in July, while food and core inflation have also improved moderately; prices remain painfully high for the average Nigerian.”
ActionAid Nigeria also noted that unemployment dropped from its 2020 peak of 10.85% to 5.05% in 2024, however, this statistical progress has not been felt by ordinary Nigerians. Historical analysis of the minimum wage reveals the dramatic erosion of economic value for the Nigerian worker. The first official, unified National Minimum Wage was established in 1981 at ₦125 per month, which was equivalent to approximately £100 GBP at the prevailing exchange rate (source: OANDA, £1≈₦1.25 in 1981). By contrast, the current national minimum wage of ₦70,000 (officially adopted in 2024/2025) is worth approximately £35.63 GBP today (using the interbank exchange rate of £1≈₦1964.51 NGN). This comparison shows that the official minimum wage has lost nearly two thirds of its value in GBP terms since 1981. This stark disparity shows the failure of current wages to keep pace with cost of living and historical value.
“Nigeria’s federal government set an ambitious target to raise the country’s tax-to-GDP ratio to 18% within three years, from the current 10%. The new tax reforms exempt individuals earning below One million naira annually and small businesses with turnovers under fifty million naira from income tax, an important but insufficient step given the scale of fiscal waste and inefficiency in government spending.
Amidst these reforms, Nigeria continues to rely heavily on borrowing. The World Bank is expected to approve $750million in loans to Nigeria for strengthening healthcare, security and building resilient digital infrastructure.
“Although the World Bank projects that Nigeria’s public debt-to-GDP ratio will decline for the first time in a decade from 42.9% to 39.8%, the sustainability of such debt amid poor fiscal accountability remains questionable.”
Mamedu added that: “Despite these borrowings, Nigeria continues to score low on budget transparency and citizen engagement. Weak accountability mechanisms and disproportionate spending on salaries and debt servicing have constrained the effectiveness of public expenditures. The U.S. Fiscal Transparency Report 2025 indicted Nigeria’s procurement system, citing the country’s failure to disclose key public procurement information. Past reports by the Auditor-General revealed contract fraud and procurement violations amounting to millions of dollars, while illicit financial flows continue to drain an estimated $18billion annually twice the country’s 2025 budget deficit.
He also reiterated that, “Nigeria’s economic indicators may suggest growth, but our people are not feeling it. When over half the population lives below the poverty line despite trillions spent in the name of development, it means something is fundamentally broken. Fiscal growth without human progress is failure.” This is why we must have a National Poverty Summit to confront our economic contradictions head-on and begin a national conversation on what truly works for the Nigerian people.”
The Country Director also called out civil society organisations, international NGOs, and local NGOs working on poverty eradication and alleviation, noting that it is an indictment on the sector if poverty continues to rise despite decades of interventions. “If after years of collective effort poverty has deepened, then we must admit that the strategies and approaches we are using are not sufficiently efficient or effective to provide the specific change Nigerians desperately want to see. This is a moment for honest reflection and renewed commitment.”
ActionAid Nigeria therefore recommended that: “The Nigerian government must urgently convene a National Poverty Summit to move beyond fragmented policies and establish a unified, binding National Action Plan for poverty eradication. This essential emergency response requires immediate, non-negotiable action on Transparency, Accountability, and Data Integrity. This includes: strengthening anti-corruption agencies and overhauling the legal system to guarantee swift asset recovery; granting autonomy to the National Bureau of Statistics (NBS) for independent data; and making the National Social Register publicly accessible for citizen verification. Furthermore, to address the poor at their level, all state governors must be mandated to hold public town halls and declare concrete, localised action plans with clear timelines for the transparent deployment of subventions and relief funds.
“Citizens including Citizens groups like MOT!On must actively hold leaders accountable for public spending and policy outcomes, they must take advantage of FOI Act to track government expenditures, question contracts and mobiise public pressure when government action deviate from public interest. Citizens must reject the notion that their votes or efforts are pointless and instead adopt an aggressive, year-round stance of demanding transparency and accountability from all levels of government.
“International Non-Governmental Organisations should fundamentally review their strategy in addressing poverty issues in Nigeria. Civil society, INGOs, and NGOs must re-examine their approaches to ensure that their interventions include a shift in their approach to aggressively working with the citizenry to hold government accountable and to challenge government impunity and demand concrete results for the poor and excluded.”
ActionAid Nigeria Says Nigeria’s Macroeconomic Growth Has Shown No Impact in Citizens Living Standard
National News
President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno
President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno
By: Bodunrin kayode
President Bola Tinubu on Saturday commended Prof Umara Zulum for doing a good job even as he delivers series of new project for his people.
The President who made the remarks during the commissioning ceremony of several projects performed separately, commended Governor Zulum for his transformative leadership which is really touching the lives of the people.
“I congratulate the Governor and the people of Borno State for this transformation. Government is all about people, and Professor Zulum is doing a very good job of caring for people.” Said Tinubu.
Tinubu had Commissioned three newly constructed mega schools and a fleet of 620 fully electric vehicles and tricycles delivered by the Governor of Borno State, Professor Babagana Zulum.
The President highlighted the projects as tangible evidence of effective governance and a blueprint for holistic state development needed in times like these.
The commissioned schools include: Mafoni Day Secondary School, Bola Ahmed Tinubu Government Day Secondary School and Mafoni Primary School.
They are part of Governor Zulum’s ambitious 104 Mega School Initiative designed to drastically improve access to quality education and rebuild the sector after over a decade of insurgency.
Each of the school complexes is equipped with modern classrooms, laboratories, libraries, sports facilities and an administrative complex to create a conducive learning environment.
Earlier, the President had also commissioned the international terminal of the Muhammadu Buhari International Airport, Maiduguri, in preparation for the commencement of international operations.
Responding to the President’s gesture Zulum expressed gratitude for the federal government’s support and reiterated his administration’s commitment to rebuilding Borno’s infrastructure, economy and human capital.
President Tinubu concluded his state visit by attending the wedding ceremony of the son of the former Borno State Governor Senator Modu Sheriff’s, conducted at the Maiduguri Central Mosque in front of the Palace of the Shehu of Borno state.
The event was attended by state government officials, traditional rulers community leaders and a group of federal officials in the Presidential convoy.
President Tinubu Commends Zulum over dividends of Democracy even as he commissions new projects in Borno
National News
Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD
Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD
By: Michael Mike
The Network for the Actualization of Social Growth and Viable Development (NEFGAD), a frontline public procurement advocacy group, has commended President Bola Tinubu for the bold, visionary, and far-reaching reforms outlined in his presentation of the 2026 Appropriation Bill to the National Assembly.
NEFGAD particularly commended President Tinubu’s remarks on public procurement at the presentation of the budget, stating that the President’s statement underscores the administration’s unwavering commitment to transparency, efficiency, and prudent management of public resources.
In a statement signed by the organisation’s acting head of office, Barrister Unekwu Ojo, and made available to journalists on Saturday, NEFGAD lauded the President’s disclosure that the Federal Government commenced a comprehensive procurement reform framework from November last year, describing it as a decisive shift toward strengthening due process, reducing waste, and enforcing accountability across Ministries, Departments, and Agencies (MDAs).
The statement noted that the reforms have demonstrably shortened procurement processing timelines, enhanced compliance, and strengthened sanctions against erring contractors and public officials, setting a new benchmark for governance and fiscal prudence.
The group said that November 2024, the period referenced by Mr. President, coincides with the assumption of office of the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and established beyond doubt, that the procurement reforms acknowledged by Mr. President are being driven and implemented under the leadership of Dr. Adedokun, in alignment with the policy direction of the Tinubu administration.
Of particular significance is the President’s emphasis on the Nigeria First Policy, which mandates MDAs to prioritize Nigerian-made goods and local companies in public procurement, NEFGAD described this policy as a strategic intervention aimed at deepening local content, stimulating domestic industries, creating jobs, encouraging innovation, and reducing Nigeria’s over-reliance on imports, and emphasised that procurement is no longer a mere administrative process but a powerful instrument for national economic development and industrial growth.
Ojo further commended the remarkable achievement of the Bureau of Public Procurement under Dr. Adebowale Adedokun, which has recorded over ₦1 trillion in savings within just one year through enhanced price intelligence and benchmarking mechanisms.
She insisted that: “This figure is larger than the cumulative savings recorded by the BPP in 17 years from 2007 to 2024 before Dr. Adedokun’s assumption of office, marking the most significant cost-saving milestone in the history of the Bureau and perhaps in the entire continent by any government in a single budget cycle.”
NEFGAD observed that these gains are a clear demonstration that Nigeria’s procurement system is entering a new era defined by efficiency, national interest, and sustainable economic growth. The organisation stressed that while the achievements are commendable, sustained reforms must be safeguarded through strict adherence to due process, impartial enforcement, and continuous transparency.
The group called on all stakeholders, including MDAs, civil society organisations, and the media, to actively engage in monitoring the implementation of procurement reforms, ensuring that the Nigeria First Policy achieves its intended goals without being hijacked by vested interests or manipulated for political patronage.
NEFGAD also urged the government to institutionalise best practices, consolidate savings, and expand the culture of accountability, warning that the long-term success of the reforms hinges on consistent oversight, robust regulatory frameworks, and unwavering political will.
According to NEFGAD, the ongoing transformation of Nigeria’s procurement landscape is not only a victory for public finance management but also a template for good governance that other sectors can emulate. The organisation reiterated its commitment to supporting the government’s reform agenda through advocacy, capacity building, and independent monitoring, emphasizing that procurement must continue to serve as a strategic driver of economic development, job creation, and national prosperity.
Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD
National News
China-Nigeria Trade Volume Surpasses $22b- Envoy
China-Nigeria Trade Volume Surpasses $22b- Envoy
…10,000 Nigerians Have Enjoyed Training Programmes in China So Far
By: Michael Mike
China-Nigeria trade volume has surpassed $22 billion, China Ambassador to Nigeria, Yu Dunhai has said.
Speaking at the 1st Annual China-Nigeria Government Exchange Program Alumni Reunion Gala, in Abuja, Yu also disclosed that over 10,000 Nigerians have benefited from opportunities for the exchange provided by China.
Yu while noting that 2025 trade volume has surpassed that of the previous year, said that China’s direct investment to Nigeria increased by 130%, while Nigeria’s export increased by over 200%.
He said: “ I think this bilateral relations not only has a political meaning, but it’s actually more about people-to-people relations. And I’m very happy to let all of you know that our trade volumes, this year, already surpassed 22 billion U.S. dollars.
“That’s already surpassed the total amount of last year. And China’s direct investment to Nigeria increased by 130%. And another good news is Nigeria’s export increased by over 200%.”
The envoy also said his country is working closely with Nigeria authorities to implement the zero tariff policy announced in June 2025, which is meant to expand Nigeria’s export to China while also enhancing Nigeria’s position on the international global trading system.
He said: “We are working very closely with the Ministry of Industry, Trade and Investment to implement the zero tariff policy, which the Chinese government announced last June. That is, China is going to provide zero tariff for 100% of products from all 53 African countries, including Nigeria, to China.
“And I believe that this is going to expand Nigeria’s export to China and contribute also to the enhancing of Nigeria’s position on the international global system, the trading system.”
He noted that China-Nigeria are working on other various projects which are aimed at providing mutual benefits, stating that he believed that Nigeria and China are natural partners, as both countries shared the same interest.
He therefore said both countries need to work together to enhance the current global governance, to address the active representation of African countries, and to better let our voices be heard globally.
Yu, while stating that: “China’s today is Nigeria’s tomorrow,” noted that China and Nigeria shared a lot of similarities.
On bringing the alumni together, Yu said: “is to provide a platform for our alumni who attended the Chinese Government Exchange Programme to stay connected, to exchange ideas, and thus contribute to China-Nigeria relations.
“Indeed, over the years, China has provided over 10,000 opportunities for the training programme for Nigerians.
He said the training opportunities aimed at building the capacities and sharing experience of governance, to poverty reduction, to manufacturing, agriculture, public health, trade, investment, science, technology, innovation, food economy, digital economy.
He added that: “And I believe that this not only helps to enhance the capabilities of the individuals, but also contributes to the economic and social development of Nigeria.”
Yu said the alumni of the exchange programme cut across Nigeria’s cities of Abuja, Lagos, Maiduguri and Ibadan, among others.
China-Nigeria Trade Volume Surpasses $22b- Envoy
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