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Nigeria, Congo to House 40% of World’s Poorest People by 2050 -Report

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  • Nigeria, Congo to House 40% of World’s Poorest People by 2050 -Report

Over 40 percent of the world’s poorest people will live in Nigeria and DR Congo by 2050, a report published by Bill and Melinda Gates Foundation has shown.

In the report released on Tuesday, the foundation projected that Nigeria’s population will increase from 198 million to 429 million by 2050, while the number of people living in extreme poverty would have risen to 152 million in Nigeria against 87 million estimated by Brookings Institution in June 2018.

The report further stated that while more than a billion people have lifted themselves out of extreme poverty since 2000, people living in extreme poverty is becoming heavily concentrated in Sub-Sahara Africa.

“By 2050, more than 40 percent of the extremely poor people in the world will live in just two countries: Democratic Republic of Congo and Nigeria,” the report reads.

The foundation blamed the situation on lack of investment in human capital when compared to population growth.

“Investing in young people’s health and education is the best way for a country to unlock productivity and innovation; cut poverty, create opportunities and generate prosperity,” the report added.

Nigeria is the seventh most populous country in the world with more than 198 million people.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Savvy Publishes Its First Impact Report Since Launch

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Savvy Has Released its First Impact Report 

The non-profit organization, Savvy, has today, published its first impact report since its launch. On February 24, 2021, it published a post on Facebook and other social media platforms that read: Feb. 4, made it 6 months since we launched the Savvy Fellowship program, and it seems like yesterday. How time flies.
On a mission to train at least 10,000 passionate individuals to build successful impact-driven businesses, the organization has decided to measure and publish its progress for the last 6 months, to see whether or not it’s making an impact or falling behind. From August 4, 2020, to February 4, 2021, Savvy received 39,958 applications from individuals interested in the Savvy program. It accepted 3,298 of them, which is an 8.25% acceptance rate. 1,121 being female, and 2,177 being male.
These 3,298 participants (often referred to as Savvy Fellows) come from 122 countries. 2,181 of the Fellows have completed the Savvy program—generating 1,278 business ideas and kickstarting 587 businesses during and after the program. In the nearest future, Savvy plans to get more mentors for the Savvy program, train 7,000 more individuals through the program, and provide Internet allowance for some of the Fellows who need it to participate in the program.
Due to the COVID-19 pandemic, many have lost their jobs and are now living in an uncertain world. I and 131 entrepreneurs from 36 countries came together to start Savvy, a global Fellowship program equipping these recently unemployed individuals with the necessary knowledge and skill that they need to start their own impact-driven business and succeed as entrepreneurs,” says Chidi Nwaogu, Head of Fellowship Program at Savvy.
For 12 weeks, no matter what stage their venture is, the Savvy program helps selected Fellows answer all the relevant questions that they need to kickstart their amazing impact venture, gain early traction, achieve product-market fit, scale into new markets, create jobs, and improve the economy of their nations.

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Bandits Kill Six, Abduct 15 in Niger LGs

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Bandits Kill Six, Abduct 15 in Niger LGs

Again, bandits have killed six persons and kidnapped 15 others in renewed attacks on communities in two local government areas of Niger State.

One of those killed was at Pandogari town in Rafi Local Government Area, where five people were abducted, while the remaining five were murdered in Gurmana in Shiroro Local Government Area of the state. Ten persons were kidnapped in this incident.

Both incidents took place Thursday night, according to an eyewitness who spoke to newsmen.

Apart from those killed or kidnapped, a large number of villagers were injured in the stampede that followed the activities of the gunmen and are presently receiving treatment at medical centres in the two local government areas.

“This thing has become a daily occurrence,” a disappointed top government official told the press on condition of anonymity.

“The attacks are creating daily IDPs and social problems for the state,” the official added.

Five persons were killed, while eight others were kidnapped in separate bandits’ attacks on Anwar Mahogi and Rsfingora communities of Rafi Local Government Area of the state also on Thursday.

Several cattle were said to have been rustled in the raid.

One of those killed in Angwar Mahogi was Dauda Daniel, a graduate of the Federal College of Education, Kontagora, who was said to be planning for his wedding slated for March 6, this year.

While the attack lasted, eyewitnesses said that a helicopter hovered in the skies apparently giving cover to the bandits.

There have been no response to calls made to the Police Public Relations Officer, ASP Wasiu Abiodun, for confirmation of the incidents.

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Lagos Gov to Shut Down Third Mainland Bridge this Friday

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Lagos Gov to Shut Down Third Mainland Bridge this Friday

The Lagos State Government will shut down the Third Mainland Bridge for 24 hours from midnight Friday, February 26th to midnight Saturday.

The Commissioner for Transportation, Dr. Frederic Oladeinde who made this known in a statement issued on Wednesday, said the total closure of the bridge is to enable the contractors move the equipment used during the rehabilitation process off the bridge and allow both the Oworonshoki and Adeniji bound lanes open fully to traffic.

Oladeinde therefore, advised motorists approaching the bridge from Ogudu, Alapere and Gbagada to use Ikorodu Road, Jibowu and Yaba, as alternative routes, while Iyana Oworoshoki-bound traffic from Lagos-Island, Iddo, Oyingbo, Adekunle and Yaba are to use Herbert Macaulay Way, Jibowu and Ikorodu Road as alternative routes.

The Commissioner assured that traffic management personnel would be deployed along the affected routes to minimize and address any traffic impediments during the closure.

Commending Lagosians for their cooperation during the prolonged repair works of the Bridge, the Commissioner assured that the bridge is now safe for use by all and sundry.

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