
News
Presidency rejects World Bank report claiming 139 million Nigerians live in poverty
The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which estimated that 139 million citizens were living in poverty, describing the figure as “unrealistic” and detached from the country’s economic realities.
President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, said in a post on his official X handle on Wednesday that the poverty figures must be “properly contextualised” within the limits of global poverty measurement models.
“While Nigeria values its partnership with the World Bank and appreciates its contributions to policy analysis, the figure quoted must be properly contextualised. It is unrealistic,” Dare said.
The Presidency explained that the 139 million figure was derived from the global poverty line of $2.15 per person per day, set in 2017 using Purchasing Power Parity, and should not be mistaken for an actual headcount of poor Nigerians.
It noted that when converted to nominal terms, the $2.15 benchmark equals about N100,000 per month at current exchange rates, which is well above Nigeria’s new minimum wage of N70,000.
“There must be caution against interpreting the World Bank’s numbers as a literal, real-time headcount. The estimate is derived from the global poverty line of $2.15 per person per day, a benchmark set in 2017 Purchasing Power Parity terms. If converted nominally, that figure equals about $64.5 per month, or nearly N100,000 at today’s exchange rate, well above Nigeria’s new minimum wage of N70,000. Clearly, the measure is an analytical construct, not a direct reflection of local income realities.

“Poverty assessment under PPP methodology uses historical consumption data (Nigeria’s last major survey was in 2018/19) and often overlooks the informal and subsistence economies that sustain millions of households. The government, therefore, regards the figure as a modelled global estimate, not an empirical representation of conditions in 2025. What truly matters is the trajectory, and Nigeria’s is now one of recovery and inclusive reform,” the statement added.
According to the former minister, poverty estimates under the PPP methodology rely on historical consumption data, often overlooking the vast informal and subsistence economies that sustain millions of Nigerian households. The government, therefore, considers the World Bank’s estimate as “a modelled global projection, not an empirical representation of living conditions in 2025.”
He stressed that what truly matters is not the static figure but the direction of change. It said Nigeria’s economy is now on a recovery and reform trajectory, driven by policies designed to ensure inclusive growth and social protection.
It noted that the current administration had expanded a number of welfare and intervention programmes aimed at cushioning the impact of recent reforms, while laying the groundwork for long-term prosperity.
Among the key initiatives Dare highlighted are, “Conditional Cash Transfers: Expanded to reach up to 15 million households nationwide, with verified digital enrolment through the National Social Register. Over N297 billion has been disbursed since 2023 to poor and vulnerable families. Renewed Hope Ward Development Programme: A major new initiative targeting all 8,809 electoral wards, delivering micro-infrastructure, livelihoods, and social services directly at the community level.
“National Social Investment Programmes: Strengthened components such as N-Power, GEEP micro-loans (TraderMoni, MarketMoni, FarmerMoni), and Home-Grown School Feeding to protect jobs, encourage small enterprise, and keep children in school. Food Security Initiatives: Distribution of subsidised grains and fertilisers, mechanisation partnerships, and the revival of strategic food reserves to curb inflationary pressure on staples.
“Renewed Hope Infrastructure Fund: Financing critical energy, road, and housing projects to lower living costs and stimulate local employment, National Credit Guarantee Company: Expanding affordable credit to small businesses, women, and youth entrepreneurs through risk-sharing mechanisms with commercial banks.”
The Presidency maintained that the Tinubu administration was tackling Nigeria’s poverty challenge by addressing the structural distortions that have constrained productivity and inclusive growth for decades.
It cited ongoing reforms such as fuel subsidy removal, exchange rate unification, and the fiscal reallocation of funds toward productive sectors, describing them as “painful but necessary choices” to fix the root causes of poverty rather than its symptoms.
“Even the World Bank itself has acknowledged that these reforms are already restoring macroeconomic stability and growth momentum,” the statement added, referencing recent remarks by World Bank officials acknowledging signs of economic recovery under the Tinubu administration.
The government emphasised that economic recovery alone is not enough unless it translates into real welfare gains for ordinary Nigerians.
According to the statement, the administration’s medium-term priority is to ensure that macroeconomic stability leads to affordable food, quality jobs, and reliable infrastructure.
Investments are being ramped up in agriculture, manufacturing, and power reliability, including new gas-to-power projects and skill development hubs expected to boost job creation and reduce living costs.
“Nigerians should begin to feel more visible improvements in food prices, income, and purchasing power as these programmes mature,” the statement said.
The Presidency added that the administration is consolidating its social protection architecture by integrating all welfare programmes under a unified, data-driven framework to enhance transparency and accountability.
This integration includes expanding the National Social Register and scaling up existing NSIP schemes, ensuring that “no vulnerable community is left behind.”
The Presidency concluded by reaffirming President Tinubu’s commitment to building “a resilient and inclusive economy” where growth directly improves living standards.
“Nigeria rejects exaggerated statistical interpretations detached from local realities. The government remains focused on empowering households, expanding opportunity, and laying the foundation for a fairer, more prosperous nation,” the statement concluded.
Earlier on Wednesday, the global lender expressed concern that despite Nigeria’s recent economic stabilisation efforts, about 139 million Nigerians are now living in poverty, warning that the country risks losing hard-won reform gains if policies are not translated into tangible improvements in citizens’ welfare.
The World Bank Country Director for Nigeria, Mathew Verghis, disclosed this at the launch of the October 2025 Nigeria Development Update titled, “From Policy to People: Bringing the Reform Gains Home.”
Verghis, in his address, commended Nigeria’s bold reforms in the exchange rate and petroleum subsidy regimes, describing them as “foundational” steps that could reshape the country’s long-term economic trajectory
“Over the last two years, Nigeria has commendably implemented bold reforms, notably around the exchange rate and the petrol subsidy. These are the foundations on which the country has the opportunity to build a programme that can transform its economic trajectory,” he said.
He likened the current reform window to the historic policy shifts seen in countries like India in the early 1990s, noting that such rare opportunities must be seized decisively or risk being lost.
According to him, the reforms are already yielding results, growth is picking up, revenues have risen, debt indicators are improving, the foreign exchange market is stabilising, reserves are climbing, and inflation is gradually easing.
“These results are exactly what you need to see in a stabilisation phase. These are big achievements, and many countries would envy them,” he noted.
However, the World Bank chief cautioned that these macroeconomic improvements had yet to translate into improved living conditions for ordinary Nigerians.
“Despite these stabilisation gains, many households are still struggling with eroded purchasing power. Poverty, which began to rise in 2019 due to policy missteps and external shocks such as COVID-19, has continued to increase even after the reforms. In 2025, we estimate that 139 million Nigerians live in poverty,” he revealed.
The new figure indicates a sharp increase from 129 million recorded in April 2025 and 87 million in 2023, reflecting the deepening hardship among households despite ongoing economic reforms.

News
Captors of JAMB candidates, others demand N9m for each victim, father cries
The father of two victims abducted Wednesday from a Benue Links bus en route to Otukpo has cried out over ransom demands by their captors, who he said are insisting on N9 million for each of his kidnapped children.
The victims were among those seized when armed men intercepted the bus and forced passengers into nearby bush paths.
Recall that on Wednesday, passengers of an 18-seater Benue Links bus from Makurdi were abducted a few kilometres to Otukpo town, by assailants suspected to be armed herdsmen.
Days after the incident, the father of two victims said the family is in distress over the matter and had already commenced negotiations with the kidnappers.
The worried father, who requested anonymity for security reasons, said the abductors had repeatedly shifted their ransom demands, worsening the family’s anguish.
He said, “I have two children that were kidnapped in the bus and they have not released any of them. The kidnappers have opened discussions with us.

“They initially demanded N10 million for each of my children. Later, they reduced it to N500,000 but shortly after, they called back and insisted it would be N9 million each. Up till now, we are still begging them.”
He said his family is financially incapable of meeting the demand, adding that they are now relying on prayers and government intervention.
“We are pleading with the government to comb the bushes and bring back the children because we do not have any hope of getting them back. Even if you sell me, I cannot be worth that N9 million being demanded for each of them,” he said.
The father disclosed that his children were students travelling from Nasarawa State when they were abducted.
“My children were coming from school in Nasarawa State. They boarded a vehicle from Nasarawa State and on getting to Makurdi they joined another bus to Otukpo, and that was when they ran into wrong hands,” he explained.
He further appealed to security agencies to intensify rescue operations, warning that the situation has left the family devastated.
“The government should intensify their search so that our children will come back alive to meet us. Since this incident happened, my wife has not eaten. We are appealing to the government to help us,” he added.
Meanwhile, the Benue State Police Command, in a statement by its Public Relations Officer, DSP Udeme Edet, claimed that seven suspects have been arrested in connection with the incident.
Part of the statement read, “The Benue State Police Command wishes to inform the general public of a significant breakthrough following the kidnapping incident that occurred on April 15, 2026, in Otukpo.
“In a coordinated joint security operation involving the Police and other sister security agencies, operatives are conducting a targeted search-and-rescue mission in Amla Forest and adjoining areas. The operation has led to the successful rescue of some of the victims, who are currently receiving medical attention.
“Further intelligence gathered in the course of the operation led to the arrest of seven suspects, who are currently in police custody while investigation is ongoing.”

News
Family faults JAMB’s denial of kidnapped Benue candidates
The family of a Joint Admissions and Matriculation Board (JAMB) examination candidate abducted during Wednesday’s attack on a Benue Links bus along the Makurdi-Otukpo road has condemned the examination body for denying that none of the victims was its candidates.
Speaking to Vanguard, a relative of one of the victims who preferred anonymity, said JAMB’s statement was “disturbing and dismissive,” stressing that a large number of passengers on the bus were travelling to sit for the Unified Tertiary Matriculation Examination (UTME).
“My nephew was on that bus, and he was heading to Otukpo for his JAMB examination. In fact, most of the passengers were candidates. Only a few were not going for the exam. That explains why they hurried to travel that evening, they had exams scheduled for early the next day.”
Reacting further he added, “It is shocking to hear JAMB say there were no candidates on that bus. That is simply not true. I know this firsthand.”
The family further linked the incident to what they described as JAMB’s “problematic posting system,” which often requires candidates to travel long distances to write examinations.
“These are the consequences of JAMB’s inadequacies. How do you expect young people to travel such long distances just to write an exam? Some candidates are even posted from Makurdi to places as far as Jalingo in Taraba State.

“While we are not blaming JAMB for the kidnapping, they must accept responsibility for creating the conditions that expose candidates to such risks.”
He continued, “They sent candidates from Makurdi to Otukpo, and this happened. If those candidates were allowed to write the exam closer to home, this situation might not have occurred. I know several people, including my neighbours, who travelled that same route because JAMB posted them there.”
The relative criticised the examination body for what he described as a lack of empathy, noting that its response failed to acknowledge the pain of affected families.
“At a time like this, what families expect is compassion, not denial,” he said.
“Instead of showing concern and supporting efforts to secure the victims’ release, they are focused on disputing whether those abducted were candidates. That is insensitive,” he added.
He provided further clarification, saying, “My nephew’s exam was scheduled for April 16, 2026, which is why they travelled on April 15. I know this because I personally paid for his registration. That bus carried more candidates than any other group of passengers.”
While acknowledging that JAMB did not organise the journey, he insisted the board still bears some responsibility.
“They may argue that they didn’t arrange the transport, but these were candidates travelling for an exam conducted by JAMB. That connection alone should make them more responsive and responsible,” he said.
He urged the examination body to retract its statement and show solidarity with the victims’ families.
“I strongly advise JAMB to withdraw that statement and express sympathy. Families are in distress, and dismissing their claims only adds to their pain. It is unfair and unacceptable,” he said.

News
2027: Total shutdown as Enugu West Zone endorses Tinubu, Mbah for a second term
…Cites critical projects, policies, interventions
…Donates N100m for Mbah’s Nomination Form
…One-term promises a big scam, Ken Nnamani warns
The people of Enugu West Senatorial District have endorsed President Bola Ahmed Tinubu and the governor of Enugu State, Dr. Peter Mbah, for a second term in office, citing their policies, projects, programmes, and interventions that have positively impacted the nation, South East, and Enugu State in particular.
To make good on the endorsements, the people, who swarmed the Awgu Local Government Secretariat field in their thousands on Saturday, also presented a cheque for the sum of N100 million to Dr. Mbah for the purchase of his nomination form, vowing to defend their position with their last vote.
This was even as former President of the Senate, Senator Ken Nnamani, dismissed promises by some gubernatorial and presidential aspirants to do just one term, saying they were not being sincere with Nigerians.

Conducting the endorsement process, the lawmaker representing Enugu West Senatorial Zone, Senator Osita Ngwu, said their decision was based on conviction informed by evident results rather than sheer politics.
“Today, we can see the best Command and Control Centre to help improve our security in Enugu. We have Smart Schools in every one of our wards. We have seen Type-2 Healthcare Centres. We have seen roads.

“Before now, if you were going to Aguobu Owa through 9th Mile, it would seem like a journey of no return. But now, it takes you only a few minutes. It is the handiwork of Governor Peter Mbah. These are not promises; these are realities; these are dividends of democracy. This is what happens when leadership is bold. No weakness, no excuse, no apologies. Just results.

“At the national level, we have seen the transformational effects of the President. We are benefiting here in the South East and Enugu State in particular. We thank our governor, who was bold and did not delay to connect us to the centre,” Ngwu asserted.
Speaking, former Chief of the Naval Staff/Military Governor of Old Anambra State, Rear Admiral Allison Madueke (rtd.), and former Military Administrator of Gombe State, Group Capt. Joseph Orji (rtd.), said they totally aligned with the sentiments expressed by their people in supporting Tinubu’s and Mbah’s re-election.
“The testimonies today are accurate. The people have spoken. All we want to do is to ask you to go back and do more,” Madueke stated.

Also speaking, Senator Ken Nnamani and the Deputy National Chairman (South) of the All Progressives Congress (APC), Dr. Ben Nwoye, urged the people to be wary of those who promise to do one term, insisting they were not promise keepers.
“They will not keep to such promises. Some people tell lies with confidence. You should be careful. As for Enugu State, you have waited for four years, with another four years remaining. But any other candidate apart from Mbah does not guarantee Enugu West’s turn by 2031. Besides, currently on the stage, we have someone with integrity and performance. Even among his colleague governors, he is highly rated. And he is ready to continue to perform,” Nnamani added.
Addressing the mammoth crowd, an obviously elated Governor Mbah commended the people for always standing up for truth and justice like their forebears.

“This rally is of epic proportions. Nothing prepared me for this. You have also become standard bearers for equity, justice, fairness, and unity. You are also showing that you are not lightheaded; that you are strategic,” he stated.
Mbah went on to enumerate his and Tinubu’s projects, programmes, and policies that were turning the fortunes of the people for good.
On Tinubu, he said, “You have shown that you cannot stand on the margins in recognising the programmes, the policies, and the projects that Mr. President has brought to us here in Enugu.
“By this endorsement, you are recognising the positive results of Mr. President’s efforts in the stabilisation of our macro indicators, making sure that our foreign exchange is stabilised; that our inflation rate is trending downwards; that our foreign reserves are growing above the $50 billion mark, and that the states now have enough money to execute massive projects. The local governments in Enugu State are also executing numerous projects that I am being invited almost on a weekly basis to come and commission,” he stated.
He pledged to continue to justify the confidence reposed in him by the people, also assuring them that President Tinubu would not let them down.
Meanwhile, the motion for Tinubu’s endorsement was moved by the House Member representing Ezeagu/Udi Federal Constituency, Hon. Sunday Umeha, and seconded by the Executive Director (Projects), South East Development Commission, Hon. Toby Okechukwu, while that of Mbah was moved by the Speaker of the Enugu State House of Assembly, Hon. Uchenna Ugwu, and seconded by the Member representing Aninri State Constituency, Hon. Magnus Ede.
Others who spoke to throw their support behind the respective constituencies were the Chief of Staff to the Governor, Barr. Victor Udeh; Chairman, Enugu West Traditional Rulers Council, Igwe Godwin Madu; elder statesman, Igwe Lawrence Agubuzu; former Deputy Governor, Mrs. Cecilia Ezeilo; former Minister of Aviation, Mrs. Fidelia Njeze; Chairman, Enugu State chapter of the All Progressives Congress, Dr. Martin Chukwunweike; CEO of COMAG Construction Company Limited, Chief Cosmas Agu; Chairman of the organising committee, Dr. Charles Egumgbe; former Senator, Ben Collins Ndu; Board member of SEDC, Chief Ugo Agballa, as well as the Chairman of Awgu LGA, Hon. Uchenna Okolo, who spoke on behalf of the chairmen of Aninri, Awgu, Ezeagu, Udi, and Oji River LGAs, which constitute Enugu West Zone.

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