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FG, ActionAid, World Bank Push New Plan to End Poverty

Published

3 months ago

October 28, 2025

Ochuwa Ibrahim

FG, ActionAid, World Bank Push New Plan to End Poverty

By: Michael Mike

The Federal Government, ActionAid Nigeria, and development experts have reaffirmed their collective resolve to eliminate poverty through inclusive growth, fiscal accountability, and citizen empowerment by the year 2030.

Speaking at the High-Level Dialogue on Rethinking Poverty Reduction Strategies in Nigeria held in Abuja, the Minister of Budget and National Planning, Senator Atiku Bagudu, said the government’s focus is on building an economy that rewards hard work, ensures fairness, and supports only those genuinely in need.

“The biggest form of social protection is ensuring that hardworking Nigerians receive fair rewards for their efforts, while social transfers go to those genuinely disadvantaged,” Bagudu stated.

He said President Bola Ahmed Tinubu’s administration is committed to eliminating poverty by 2030 through the Renewed Hope Development Plan, which emphasizes productivity, innovation, and inclusion.

“We are determined, by God’s grace, to eliminate poverty by 2030,” the minister affirmed.

Bagudu expressed optimism that ongoing reforms are already yielding positive results, citing increased revenues, renewed investor confidence, and new economic initiatives as signs of early recovery.

“Our economy is showing early signs of recovery, revenues are improving, private investment is returning, and new initiatives are taking root,” he said.

Describing President Tinubu’s policy direction as “bold and forward-looking,” the minister urged Nigerians to remain patient and supportive, assuring that the long-term benefits of reforms will soon reflect in people’s lives.

In his remarks, the Country Director of ActionAid Nigeria, Andrew Mamedu, called for a comprehensive review of Nigeria’s poverty reduction strategies to ensure that economic growth translates into real benefits for citizens.

He noted that despite Nigeria’s budget increasing from ₦300 billion in 1999 to ₦54.5 trillion in 2024, poverty levels have not declined proportionately.

“This tells us that we must do things differently. At ActionAid, we believe poverty can be eradicated, but only when government and citizens take shared responsibility and ensure accountability from the federal to the local level.” He said .

Mamedu, who recently visited Edo and Delta States, decried poor infrastructure despite increased financial allocations to subnational governments.

“The situation raises critical questions about how resources are being used at sub-national levels,”
“For us in ActionAid, the only party we recognize is the party of the people the fight against poverty.”he disclosed .

He urged government at all levels to emulate countries like China and India, which successfully lifted millions out of poverty through major investments in infrastructure, education, health, and social protection, ensuring that local contractors benefited from such projects.

“It is not enough to increase spending; we must ensure resources are used efficiently,” he said. “Reports show we lose about $18 billion annually to illicit financial flows. If we can stop such leakages, more funds will remain in our economy to drive development.”

While commending the Federal Government’s pledge to lift 100 million Nigerians out of poverty in 10 years, Mamedu stressed that the goal can only be achieved through consistency, accountability, and collaboration among all stakeholders.

“We need to move about 10 million Nigerians out of poverty every year,”
“To achieve that, everyone government, civil society, and private sector must work together.” He said .

He also called for greater discipline and punctuality among citizens and officials, describing them as symbols of accountability and efficiency.

“Governance is not only about the President or ministers. It involves all of us. If we begin to do the small things right, like keeping to time, it will reflect in how we manage bigger responsibilities,” he added.

Mamedu reaffirmed ActionAid’s 10-year strategy to support and hold government accountable in lifting five million Nigerians out of poverty.

“We must ensure that the next poverty review shows progress, not decline,” “Together, we can build a Nigeria where prosperity is shared and poverty becomes history.”he said .

Both Bagudu and Mamedu agreed that sustainable poverty eradication will depend on shared responsibility, transparency, and a renewed focus on rewarding hard work across all sectors of the economy.

At the same dialogue, Dr. Chris Uwadoka, Special Adviser to the Executive Chairman of the Fiscal Responsibility Commission, emphasized that fiscal discipline and transparency are fundamental to reducing poverty.

“Fiscal responsibility is at the heart of poverty reduction, period. It is not merely a technical framework. It is a people-centred philosophy driven by transparency, accountability, and prudence,” he stated.

He acknowledged that while the government’s reforms have stabilized key indicators like revenue and debt, the real challenge lies in translating these macroeconomic gains into tangible human welfare.

“The challenge now… is how to translate these statistical macroeconomic results into tangible human welfare improvement. I believe that this question is at the heart of this multi-stakeholder dialogue today,” Uwadoka said.

He also urged state and local governments to take fiscal discipline seriously to prevent financial leakages and ensure that public resources directly benefit citizens.

“State and local governments need to hold themselves accountable to their people and to poverty alleviation… Without this commitment to good public financial management, the drivers of poverty will overwhelm our best intentions,” he cautioned.

Meanwhile, a World Bank presentation delivered by Mr. Imole Ibukun from the National Economic Council Secretariat highlighted a disturbing rise in poverty levels despite ongoing reforms.

According to the report, about 139 million Nigerians (61% of the population) now live in poverty up from 81 million (40%) in 2019. It also projects that poverty could rise by another 3.6 percentage points by 2027, making Nigeria one of the few resource-rich countries likely to see worsening poverty due to structural weaknesses.

The World Bank identified key drivers of poverty, including high food inflation, stagnant wages, oil dependence, poor infrastructure, low agricultural productivity, insecurity, and weak governance.

The report warns that without urgent corrective action, rising poverty could reverse development gains and threaten social stability. It recommends expanding social safety nets, investing in rural infrastructure and agriculture, improving food security, and strengthening governance to ensure economic growth benefits citizens.

FG, ActionAid, World Bank Push New Plan to End Povertyp

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Lagos Moves to Build West Africa’s Leading International Financial Centre

Published

2 hours ago

February 9, 2026

Ochuwa Ibrahim

Lagos Moves to Build West Africa’s Leading International Financial Centre

By: Michael Mike

Lagos State has taken a major step toward repositioning Nigeria as a global investment destination with the unveiling of a comprehensive roadmap to establish a Lagos International Financial Centre (LIFC), envisioned as the leading financial hub in West Africa.

The roadmap is contained in a new report titled “Establishing an International Financial Centre in Lagos (LIFC), Nigeria”, produced by TheCityUK in collaboration with the UK Government, Lagos State Government, the Lagos International Financial Centre Council (LIFCC), and EnterpriseNGR. The report was formally launched at the State House, Marina, Lagos.

The high-level event attracted senior government officials, diplomats, and private sector leaders, including Lagos State Governor Babajide Sanwo-Olu, British Deputy High Commissioner to Nigeria Jonny Baxter, EnterpriseNGR Chairman Aigboje Aig-Imoukhuede, and EnterpriseNGR Chief Executive Officer Obi Ibekwe.

The initiative is aligned with Nigeria’s Agenda 2050 and the Lagos State Development Plan 2052, positioning the LIFC as a long-term catalyst for economic transformation. According to the report, the proposed financial centre will deepen capital markets, mobilise international investment, drive innovation, and support sustainable economic growth across Lagos, Nigeria, and the wider West African region.

The report underscores the importance of strong public-private collaboration, noting that Lagos’ demographic advantage, expanding financial ecosystem, and strategic location make it well-suited to host an international financial centre that meets global standards.

One of the report’s core recommendations is the creation of an independent IFC framework for Lagos. This model would provide regulatory certainty, simplified tax and policy regimes, and a transparent governance structure aimed at improving investor confidence and enhancing Nigeria’s competitiveness in global finance.

To differentiate Lagos from other emerging financial centres, the report identifies three priority sectors for initial focus: green and sustainable finance, fintech and financial innovation, and commodities trading and capital markets. These sectors are considered critical to Nigeria’s future economic diversification and resilience.

The report also highlights the need for robust legal and regulatory reforms, calling for close coordination between Lagos State, the Federal Government, regulators, and the private sector to ensure smooth implementation of the LIFC vision.

Human capital development is another key pillar of the strategy. Recommendations include strengthening local talent pipelines, easing visa requirements for international professionals, and creating an enabling environment that supports skills transfer and high-value job creation for Nigeria’s growing youth population.

In addition, the report proposes competitive and targeted tax incentives, streamlined business processes, and investment-friendly policies designed to attract long-term capital aligned with national development priorities.

Speaking at the launch, Governor Babajide Sanwo-Olu reaffirmed Lagos State’s commitment to the project, describing the International Financial Centre as essential to boosting market competitiveness and facilitating seamless trading.

“Lagos is Nigeria’s largest economic and financial centre, and we must create an ecosystem that attracts investment, improves liquidity, and strengthens market infrastructure,” the governor said, adding that the LIFC would unlock new opportunities for public-private partnerships in technology and capital market development.

British Deputy High Commissioner Jonny Baxter said the report reflects the deepening UK-Nigeria partnership, combining Lagos’ strengths with UK expertise to support financial sector development.

He noted that, if effectively implemented, the LIFC could unlock significant domestic and international investment, expand capital markets, create jobs, and promote sustainable growth beyond Lagos State.

Also speaking, TheCityUK’s Managing Director for International, Nicola Watkinson, described Nigeria as a high-growth market with strong long-term potential. She said the LIFC could play a vital role in attracting global capital, supporting fintech and green finance innovation, and creating high-value employment opportunities for young Nigerians.

With the launch of the report, stakeholders say the focus now shifts to implementation, as Lagos seeks to translate vision into action and establish itself as a globally competitive financial centre for West Africa.

Lagos Moves to Build West Africa’s Leading International Financial Centre

News

Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience

Published

4 hours ago

February 9, 2026

Ochuwa Ibrahim

Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience

By: Michael Mike

As Valentine’s Day approaches, Transcorp Hilton Abuja is set to transform into one of the capital’s premier destinations for romance and social experiences, unveiling an all-inclusive lineup of activities designed for both couples and singles.

This was disclosed in a statement issued at the weekend by the hotel’s Communications and Marketing Manager, Ms Ijeoma Osuji, who said the iconic hospitality brand will host a three-day “Valentine Weekend Package” from February 13 to 15.

According to the statement, the experience is designed to cater to a wide range of guests, from long-term couples seeking a romantic getaway to individuals looking to connect and celebrate the season of love in a vibrant social setting.

For visitors seeking a complete escape, the hotel is offering a bespoke room package that combines luxury accommodation with carefully curated romantic add-ons, promising a serene retreat from the city’s bustle alongside world-class hospitality.

The weekend programme features a diverse mix of entertainment and lifestyle experiences. Among the highlights is the “Signature Couples Event,” a grand and intimate gathering featuring a specially curated Valentine menu, games, music, and comedy performances.

Guests can also look forward to “A Night of Humour,” a comedy showcase featuring top-tier entertainers, aand“Theatre Magic on Stage,” a specially curated romantic stage play designed to engage audiences through powerful storytelling and emotional connection.

For culinary enthusiasts, the hotel will host Dual Restaurant Experiences, with its signature outlets; Zuma Grill and Bukka Restaurant, offering exclusive Valentine-themed dining packages tailored to diverse tastes.

Breaking away from the traditional focus on couples, the hotel is also introducing a Poolside Party for Singles, providing a chic, lively atmosphere for Abuja’s social crowd to mingle under the stars, accompanied by music and refreshing cocktails.

To help guests capture lasting memories, professional couples’ photography sessions will also be available, allowing visitors to document their special moments against the hotel’s scenic backdrops.

“We wanted to create a weekend that wasn’t just a meal, but a memory,” the hotel’s management said in the statement. “Whether it’s through laughter at our comedy special or a beautiful moment captured during a photo session, our goal is to celebrate love in all its forms.”

Reservations for the Valentine Weekend Package are now open, with organisers confident that guests will experience a memorable, immersive celebration at what remains one of Abuja’s most vibrant social hubs.

Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience

News

APC E-Registration: Ambassador Jidda Leads Committee to Bama, Konduga to Strengthen Party Base

Published

4 hours ago

February 9, 2026

Ochuwa Ibrahim

APC E-Registration: Ambassador Jidda Leads Committee to Bama, Konduga to Strengthen Party Base

By: Michael Mike

The Chairman of the All Progressives Congress (APC) E-Registration and Reconciliation Committee in Borno State, Ambassador Baba Ahmad Jidda has led a high-powered delegation on a working visit to Bama and Konduga Local Government Areas as part of efforts to deepen grassroots participation in the party’s ongoing electronic registration exercise.

The tour, aimed at monitoring progress and galvanising party members, brought the committee into direct engagement with local government officials, lawmakers, traditional institutions, and party executives across the two councils.

Members of the committee on the visit included Hon. Tijjani Umara Kumalia, Mohammed Makinta, Hon. Busami Ardoram, Hon. Babakura Shettima, Hon. Mohd Maina Tar, Hajiya Mairo Bunu Lawan, Alh. Zanna Mahdi, Alh. Yusuf Adamu, Barrister Ba’ande Imam, and the committee’s Secretary, Dr. Babakura Mamman Gadai.

In Bama, the delegation paid a courtesy visit to the Shehu of Bama, His Royal Highness Alhaji Dr. Shehu Umar Ibn Kyari, where Ambassador Jidda expressed appreciation for the traditional ruler’s support and the warm reception accorded the team. He described Bama as a community with which he shares deep personal and political ties.

Addressing party leaders and stakeholders at the Bama Government Lodge, Ambassador Jidda recalled the overwhelming support he received from the people of Bama during the 1999 governorship election, describing it as a testament to the area’s enduring commitment to progressive politics.

He reaffirmed that Borno remains a stronghold of the APC, noting that the party’s decisive victories in the 2023 general elections reflected unity, discipline, and effective leadership within the party. According to him, the leadership of Vice President Kashim Shettima, GCON, and Governor Babagana Umara Zulum, mni, has been instrumental in sustaining the party’s dominance and credibility in the state.

Ambassador Jidda emphasised that the ongoing e-registration exercise is a strategic political process that goes beyond record-keeping, explaining that it determines legitimate membership, internal participation, and eligibility for leadership and elective positions within the party.

Speaking on behalf of stakeholders in Bama, Hon. Aji Kolo Ali Gujja, the Matawali of Bama, urged party members to take full advantage of the exercise and ensure total participation. The Chairman of Bama Local Government Area, Hon. Babagana Bagados, also assured the committee of the council’s full support to guarantee a smooth and inclusive registration process.

In Konduga Local Government Area, the committee was received by the council chairman, Dr. Abba Saje Mohd Nur, the area’s representative in the Borno State House of Assembly, and the Executive Secretary of the Borno ICT Development Agency, Hon. Engr. Kabir Wanori, alongside other party stakeholders.

The delegation inspected the APC e-registration centre in the area and expressed satisfaction with the level of coordination and turnout recorded. Local party leaders pledged continued mobilisation to ensure that all eligible members are captured before the close of the exercise.

Ambassador Jidda described the extension of the e-registration exercise as a critical opportunity for APC members in Borno State to reaffirm their loyalty, unity, and numerical strength. He called on ward, local government, and zonal leaders, as well as youth and women groups, to intensify grassroots mobilisation ahead of the February 8 deadline.

He assured party members of a transparent, inclusive, and credible process, urging all APC supporters to participate fully and contribute to strengthening the party’s structure from the grassroots level.

APC E-Registration: Ambassador Jidda Leads Committee to Bama, Konduga to Strengthen Party Base