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Number Of Poor Nigerians May Hit 100 Million By 2022 – World Bank
The World Bank has forecasted the number of Nigerians living below the poverty level may hit 100 million by 2022, a 20 million increase of the current figure. Gloria Joseph-Raji, World Bank senior economist, made this known while speaking on Tuesday at the launch of a 2021 macroeconomic outlook report by the Nigeria Economic Summit…
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Report: The Rate Of Insecurity Under The Retired Service Chiefs
Under the command of the outgoing service chiefs, the deaths per day from the Boko Haram insurgency grew to a peak of 233%. In May 2015, a new commander in chief assumed the command of the Nigerian army with the country reporting death per day in the Boko Haram war at 767; this casualty steadily…
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A Look At Investment Growth In Renewable Energy
According to new data by Bloomberg, approximately $304 billion invested into renewable energy globally and $139 billion invested in electric transportation in 2020. Statista says that a growing number of experts and predictive models forecasts that the next decade would be dominated by renewable energy and electric vehicles. Due to the urgency to combat climate change,…
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Super Apps: New Generation Phone Apps That Can Do Everything
Imagine you can install just one app that can do everything – from ordering food, to ordering cabs, chatting with your friends and booking a spa date. It is not in the future, it is now. Two major tech companies have developed phone applications known as super apps that can do absolutely everything. Yes, everything!…
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All You Need To Know About ‘Chipageddon’
New cars often built with more than 100 microprocessors, however, in recent times, manufacturers have been unable to source for all the chips due to “a shortage in supply”. In 2020, while technology companies warned they faced constraints due to the scarcity of chips and gamers struggled to buy new graphics cards, Apple had to stagger…
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Cleric Begs FG To Address Bandits’ Demands With Security Budget
A prominent Islamic cleric has asked the federal government to employ the country’s security budget in addressing demands of bandits instead of waging war against them. A Look At Nigeria’s Security Budget From 2015 to 2020 In 2015, President Buhari approved the allocation of N969 billion for security In 2016, N1.06 trillion was allocated. N1.14…
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BUA, CACOVID Battle Over Vaccine Donations
Leading food and infrastructure conglomerate, BUA, and the private sector-led Coalition Against COVID-19 (CACOVID) are currently at loggerheads following BUA’s announcement of the purchase of one million doses of Covid-19 vaccine for Nigeria. The CACOVID Point Of View The private sector-led coalition against COVID-19 (CACOVID) on Monday, February 9, 2020, opposed an earlier statement credited to…
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Oil Prices Revert To Pre-Covid Level Despite Low Demand
Oil prices have experienced a revert to pre-pandemic levels having hit an all-time low last year. While demand for oil is still lower than normal, the rolling out of vaccines have positively affected the oil prices, leaving in its wake hopes of a speedier than expected economic recovery. Prices “Black gold” has now reached $60…
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The New Anti-Cultism Bill Will Punish Parents Of Offenders
The Lagos State House of Assembly has passed an anti-cultism bill that includes punishment for parents of convicted cultists. The bill titled The Unlawful Societies and Cultism (Prohibition) Bill 2020 prescribes “punishment” for parents of convicted cultists, has been passed by the Lagos state House of Assembly. The bill which will be sent to Governor…
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EndSARS: An Insight On How The Protest Was Funded
The EndSARS protest first began as a social movement that called for the disbanding of the Special Anti-Robbery Squad (SARS), a notorious unit of the Nigerian Police with a long record of abuses. From its inception in 2017, the movement gathered about 28 million tweets with the hashtag #ENDSARS on Twitter alone. In October 2020, the movement started a series of mass protests…