₦airaland Forum

otumfour:

Hahahahahahaha

U'v now resorted to stealing innocent peoples pics and posting them as som1 else


It's obvious ur dumb, cuz there are 2 different peeps in the pix u provided, but u are too dumb to notice it Hahahahaha

Btw, I can swear it's u in the pix I'v bn posting

Can u swear on the pix u claim is me?


Swear on it lets see Hahahahaha


I have never used my pixy as a profile pix on here cuz that ain't my thing.

But u know u do Hahahahaha

Between u and I, may God punish the 1 that's lying



Murthafurking aboki gateman adamskutikuti

U realized u couldn't take me on now huh....now u'v resorted to lying Hahahahaha

Next time try ur size aboki Hahahahaha

Otumfool, you're as shameless as a mad woman.
Tendencies of low self esteem! You're denying your own self, but you look fuggly...

[quote author=PetroDolla3][/quote]This cyber cafe riffraff with an IQ equivalent to a dot(.), that virtually knows nothing but how to rant. We all know you're an unintelligent scavenging baboon. But you need to go back to primary school and acquire at least 00.5% IQ, we can manage that.

You reek of crass dumbness, so expecting you to deliver rationally will be a waste of time.
A fuggly looking, charcoal polished, deranged lunatic with a wide nose infested with ants, that goes about ranting and pretending like all is well with his hell hole of a country.

Suffering and pretending physco from the clan of gorillas..

Living conditions of gaynaians deteriorating

The Christian Council of Ghana has appealed to the government, religious and traditional leaders  to focus on rebuilding the confidence the people they are responsible for by working to improve living standards.
In a statement issued on Tuesday, the Christian Council stated that most Ghanaians “are losing confidence in themselves and their leaders” due to their “deteriorating living conditions” and the current state of the country’s economy.
The Council believes that this situation is not ideal and has called for all relevant bodies, especially the churches to “actively be seen restoring confidence in their members by echoing their struggles and pains for the needed solution.”
The Christian Council went on to call on the government to put practical measures in place to address the concerns of Ghanaians.
“In these difficult times, we call on government to go beyond just listening to the concerns of Ghanaians, but act on those concerns with lasting solutions.
“At this point, words of assurance from government are not enough, but prompt and timely solutions that will bring relief to Ghanaians are what Ghanaians want to see, feel and experience,” the statement read.


Find the full statement from the Christian Council of Ghana below:
LET’S BUILD PUBLIC CONFIDENCE & ECHO THE CHALLENGES OF OUR PEOPLE
The Christian Council of Ghana is calling on the Government, Religious Leaders, Traditional Authorities and Civil Society Organisations (CSOs) to assiduously work at building public confidence in the people they lead or represent.
We live in times where the standards of living of most Ghanaians are deteriorating. In these very challenging moments where prices of goods and services are sky-rocketing due to the continuous hikes in fuel and utility prices and the depreciation of the Cedi without a commensurate improvement in wages, most Ghanaians are losing confidence in themselves and their leaders.
The recent media reports about people committing suicide – some in churches, and demonstrations by citizens in some parts of the country against the current economic hardships are testament to the fact that, public confidence is fast fading.
The Council is of the opinion that, with the current trend of events, coupled with the fact that most Ghanaians are losing hope, there is an urgent need for our leaders to begin to take concrete steps to restore confidence in the people they represent.
In this vein, as an ecumenical body, we are of the view that, Churches in the country must actively be seen restoring confidence in their members by echoing their struggles and pains for the needed solution.
It is time for Churches to actively show interest in national issues and articulate the concerns of their people and journey with them in finding solutions to the numerous challenges that confronts them.
In as much as it is important to continue to pray for our constituents, communities and country, we must begin to genuinely show concern about their plights, and be committed in helping them find solutions.
Churches must also provide resources and assistance to their members and communities in challenges. They must be willing to support families whose livelihoods are threatened and give hope to the hopeless. If people are looking for hope and support, the Church must be the first point of contact, and do so as Jesus would have done.
The Council is of the view that Churches must not sit on the sidelines and watch its people confront their challenges alone, but feel their hurt and engage in efforts at dealing with their challenges.
In the same vein, we also call on CSOs and Traditional Authorities to also support the people they represent and share in their difficulties.
In these difficult times, we call on Government to go beyond just listening to the concerns of Ghanaians, but act on those concerns with lasting solutions. At this point, words of assurance from Government are not enough, but prompt and timely solutions that will bring relief to Ghanaians are what Ghanaians want to see, feel and experience.
We admonish everyone with 1 Thessalonians 5:14, which reads; “Now we exhort you, brothers and sisters, warn them that are unruly, comfort the fainthearted, support the weak, be patient toward everyone.”
S.G.D

londoner: There are obviously good things to be found/enjoyed in both Gh and 9JA.........Maybe we should dwell on that.

All this negativity is getting us nowhere.

The negativity is what they always want to discuss, because they think we're endowed with it.

[quote author=PetroDolla3][/quote]This fuggly looking gay that shares food with smelly pigs and rabid dogs with an IQ lower than that of a toad..
You've come here to display your noise making prowess and waywardness, like a true product of Trokosi slavery system that you're..


Slavery in Gayna: The Trokosi tradition

According to the trokosi tradition practiced in southeastern Ghana, virgin girls are given to village priests as a way of appeasing the gods for crimes committed by family members. The word trokosi in the Ewe language means "slaves of the gods." Once given to the priest, a girl becomes his property and is made to carry out domestic chores such as cooking and washing, as well as farming and fetching water. After the onset of menstruation, the bondage also involves sexual servitude. (Photo: Abla Kotor, Courtesy of Robert Grossman/NYT Pictures)

In March 1998, Equality Now launched a campaign calling for the banning of the practice and release of trokosi. Later the same year the government of Ghana passed a law prohibiting the practice. Equality Now welcomed this development, as well as reports of the subsequent release of around 2,800 girls. In its 1998 Women's Action on the trokosi practice, Equality Now highlighted the case of Abla Kotor (pictured). At the age of 12, Abla had been given to a local priest in atonement for the rape that resulted in her birth—the rape of her mother by her mother's uncle. Although other trokosi were liberated from the Awlo-Korti shrine where Abla was enslaved, after the law was passed Abla continued to live in the shrine effectively under the control of the priest because her aunt was afraid that otherwise the curse of the gods would revisit the family. Happily, Abla has now moved away from the shrine and is living with an uncle and going to school in western Ghana.

Many of those who have been liberated from the shrines are being helped by International Needs Ghana, a non-governmental organization that has been central to the release and rehabilitation of trokosi. It negotiates the return of the women and girls to their families or communities, provides housing and food, counseling, schooling and income-generating skills. Survivors for Change, a human rights organization formed by survivors of the trokosi practice, is also advocating for enforcement of the law against the practice and has launched its own campaign aimed at various government ministries and seeking the support of international ambassadors based in Accra.

In spite of this welcome progress, Equality Now is deeply concerned that, over three years after the banning of the practice of trokosi by the Ghanaian Government, several thousand girls and women are reported to be still in bondage as trokosi. According to reports, some traditionalist groups in Ghana are obstructing the release of the trokosi. One group, Afrikania Mission, maintains that the practice is part of its culture and that the law should not destroy its culture. Afrikania Mission is said to be exerting pressure to prevent the enforcement of the law, and to have persuaded some priests that it is their right to continue the tradition.

The work of International Needs Ghana has apparently also been hindered by several inaccurate descriptions of the trokosi practice by the United States Government, which minimize the severity of the practice and have reportedly influenced some funders to stop supporting the efforts of International Needs Ghana to end the trokosi practice. The State Department's reports on human rights and religious freedoms for 2001 differ substantially from those issued in previous years, and it is interesting to note from one of these that in May and July 2001 US Embassy officials met with the leadership of the Afrikania Mission "in order to learn about their views on religious freedom in the country," and reported that "the Afrikania leaders expressed gratitude for the visit…"

One hundred and thirty trokosi priests who have released all trokosi from their own shrines and now oppose the practice were so incensed by the inaccuracies in the US Government reports that they met on 4 January 2002 to refute in very specific terms the US Government's claims. The State Department, for example, claims that trokosi is a religious practice "involving a period of servitude lasting up to 3 years" and that "there is no evidence that sexual abuse is an ingrained or systematic part of the practice." The trokosi priests affirmed in contrast that "once a girl has been sent into trokosi servitude, she is a trokosi until her death. After she dies, she has to be replaced by her family, " and that the trokosi "serve we the priests domestically, satisfy our sexual desires and work on our farms to provide our economic security." The priests affirmed that "the girls have no right whatsoever in deciding when and who in the shrine should have sexual intercourse with them…" and that part "of the rationale for deciding on the female gender as the object of reparation has to do with providing sexual gratification to those serving the deity." Equality Now has repeatedly raised its concern with State Department officials that the United States Government has misrepresented the trokosi practice, but has not to date received a substantive response.

In addition to the 1998 law specifically criminalizing the trokosi practice as a form of slavery, the trokosi practice violates the Ghanaian Constitution, specifically Article 14, which provides that "Every person has a right to personal liberty" and Article 16, which provides, "No person shall be held in slavery and servitude or be required to perform forced labor." Numerous international human rights standards similarly prohibit slavery, in particular the Slavery Convention and the Supplementary Convention on the Abolition of Slavery, the Slave Trade and Institutions and Practices Similar to Slavery, and the International Covenant on Civil and Political Rights, all ratified by Ghana. Although Ghanaian government officials have expressed their opposition to the practice, and a new government, which took office in 2001, has declared its commitment to human rights, it is clear that not enough action has been taken to ensure the release of the remaining trokosi. There have been no prosecutions under the 1998 law.

GPA5: FOOL, PYNO IS A SUB TOPIC IN THE THREAD

This cyber cafe riffraff that virtually knows nothing is trying to claim a clever-di.ck.
Now dumbo, how's Phyno a sub topic in the thread?

Gaynaians and their self denial tendencies...
Nebbish lots...

This is the reality on check not the drivel Y'all are writing.


World’s Worst Currency Drops as Gayna Pulls Back From IMF Aid


Gayna's cedi, the world’s worst-performing currency this year, weakened as the government ruled out an International Monetary Fund bailout, stoking concern it will miss targets to narrow a budget deficit.
The currency retreated for the first time in five days against the dollar, dropping as much as 6.4 percent, after Deputy Finance Minister Mona Quartey said the government of the world’s second-biggest cocoa producer plans to sell a third Eurobond next month rather than take IMF aid. Returns on Ghana’s dollar debt are the lowest in Africa this year, according to Bloomberg indexes.
Some investors “don’t have the full confidence in the government’s home-grown policy because steps that have already been implemented have not yielded expected results,” Elvis Darku, head of fixed-income trading at Access Bank Ghana Ltd., said by phone today. “Those traders disappointed that the government was no longer looking at an IMF bailout probably started bidding the cedi lower.”
Finance Minister Seth Terkper opened the door to IMF support earlier this year as slumping earnings from gold, cocoa and oil, the country’s biggest exports, curbed revenue, according to the Bank of Ghana. Terkper revised the 2014 fiscal deficit target to 8.8 percent of gross domestic product from 8.5 percent and increased spending by 3.2 billion cedis ($873 million) on July 16, while saying power cuts, inflation and the weak cedi are curbing growth. The gap was 10.1 percent in 2013.
“We’re not considering an IMF loan at this time,” Quartey said by phone yesterday. Plans to sell $1.5 billion in Eurobonds are “part of a home-grown strategy to stabilize the cedi,” she said.
Inflation Threat
The cedi weakened 6.2 percent to 3.6651 per dollar as of 1:47 p.m. in Accra, the capital, extending losses this year to 33 percent. Yields on the nation’s Eurobonds due August 2023 rose two basis points, or 0.02 percentage point, to 8.23 percent. Ghanaian dollar debt returned 5.3 percent this year, less than the 9.3 percent emerging-market average, according to Bloomberg indexes. Ghana will start marketing its next issuance by the end of August, Quartey said.
“If they could get IMF support that would be a much more sustainable solution” in helping to stem a drop in the cedi, Melissa Verreynne, an analyst at NKC Independent Economists in Paarl, South Africa, said by phone today. The proceeds from a Eurobond sale would provide only temporary support to the currency, she said.
Traders who sold the cedi today “would have preferred an IMF financing since that was going to come with fiscal discipline,” Darku said. In 2009, when Ghana entered a three-year IMF program that included about $600 million of loans, the Washington-based lender included targets to reform taxes and revenue collection and reduce subsidies on power and gasoline.
Delayed Goals
In July 2012, the IMF said Ghana missed targets on the budget deficit and reserves and delayed meeting goals on auditing the payroll and integrating tax offices.
Companies in Ghana are battling because of the weakening currency that pushed the inflation rate to 15 percent in June, a 10th straight month of increases. Produce Buying Co., the country’s largest purchaser of cocoa from farmers, said last week it delayed plans to borrow $30 million from France’s development agency as the cedi’s slide threatened to boost repayment costs.

bankydd: I find ice Prince a very boring rapper.he's very talented..make no mistake..he's talented..as we saw in songs like oleku..but he's an artificial rapper..do you know he can't freestyle..watch the Tim Westwood choc boys freestyle and you'll see how ice Prince disgraced himself. but he has a way of making poppy hits.like aboki,aboki remix,vip , the French Montana song.. he's a good artiste.but a really average rapper. but I'm very sure he can improve..Most Nigeria rappers are damn lazy

What are you saying? Tim westwood that was done in 2011 if I'm not mistaking.
Dude has grown to be a freestyle maestro...

GPA5: PHYNO IS NOT GOOD AT ALL. HIS PUNCHLINE, LYRICS RHYMES ARE WEAK, NOT STRONG.

#ICE PRINCE IS A GOOD RAPPER. HIS IS ALWAYS ON POINT

Dumbo, is the topic about Phyno?

Kelewele: You've given up several times already.You are the most indecisive slowpoke ever.However a donkey like you have no say unless I set you free myself.

Your cowardice and lying skills are other sources of world problem.
Iconize give up? Quit deluding your burnt self, rather brace up yourself since you claim to be equal to what awaits you...

Ashantiking: The número uno in e battle. I am yet to loose any battle. You are the worst. Adamscuty can attest to this. You are a weak azz Igbo human chopper. U have been boring that's I don't even bother to reply. I pity u.

Now let me have a good laugh...

Adamskutty, one can easily see through Otumfool's facebook pictures that he's one village poverty stricken dunce, that came to the town to serve his master as a boy-in-boy-in...

Ashantiking: Iconize u lost your touch, I used have so much fun murdering your Igbo azz but now I pity u. U lost e warrior card. U are now a bore.

Cowardly talks! You murder me? Perhaps in your sleep.
Listen, you've always being a wannabe e-warrior with no prowess of as..s whipping, Adamskutty can attest to that.

So if E-warriors are asked to identify themselves, you'll identify yourself?
This coward that I've murdered countless times with my iruntown and iconizze monikers...

Ashantiking: You can't compare really. The average Ghanaians streets are always clean unlike Nigeria.

What nonsense! I'm not here to argue leniently with Y'all wild wolves, because arguing softly with animals is a hard task and a waste of time. So let's do it the normal hard way.
If you can't then get lost and stop boring me!

Kelewele: Hahaha!!So you were foolishly waiting on your master's reply all along while I was busy enjoying my life huh?Didn't know you were such a jobless donkey.Now that i've replied you can run along.Make sure you reply ASAP.

I give up on this rabies infested Ashanti lackey.
Always justifying his cowardly acts, you can't even keep up for 2hours before you turn to Ben johnson.

You mean enjoying your life with your ebola infested gorilla kins in the forest?

Jiggaman you're boring us with your semi beautiful houses, we're not here to show beautiful houses!
You should know better than this, dumbo...

The reality in Gayna..

Child killing in northern Gayna
Kotoko Otumfool's home town



Child killing in northern gayna by witches


Something sinister is taking place in communities around Saboba, Chereponi and Sang near Yendi in northern Ghana. Innocent children are being killed because they are either born deformed or their mothers died giving birth to them.

“It’s an unfortunate situation,” says Catholic sister, Stan Terese Mario Mumuni, fighting her emotions as she cuddles a two-year-old boy, one of 30 rescued children under her care at the Nazareth Home for God’s Children in Sang.

“This boy should have been killed but Father Cletus Akosah, the parish priest for Sang, moved quickly to save him,” says Sister Terese.

“His late mother’s relatives accepted the witchdoctor’s verdict on the boy: that he was the cause of his mother’s death and for this reason he should not be allowed to live.”

Sentenced by ignorance

Maternal death can largely be attributed to a lack of health services in these remote areas. Unfortunately, ignorance has made the people attribute these deaths to witchcraft.

The total number of children who have suffered death at the recommendations of witchdoctors is unknown because few report such matters to police. “We know that it is due to the lack of education in the area, and we are trying to use the few who have become Christians to report to us when such issues come up,” says Father Akosah.

Father Akosah pointed to another boy in the care home who was going to be killed because of a leg deformity. “The witch-doctor attributed this deformity to witchcraft and it was decided that the poor boy must be killed. Luckily for him, I was informed and I moved in to save his life.”

Sister Terese is able to look after these children thanks largely to donations. “I have made sure that they go to school and are fed three times a day. I also employ people to look after the very young ones.”

Education initiatives

Villages such as Sang have no nearby health facilities and most women depend on traditional birth attendants.

The national government has increased its education campaign on how to prevent maternal death during childbirth. But very little of this information reaches where the tradition of child killing is practiced.

Last month, the Ghana Health Service (GHS), as part of its safe motherhood strategy, began a pilot project of distributing Misoprostol to expectant mothers in some regions of the country. The drug helps with the prevention of postpartum hemorrhaging.

The national maternal death rate is 350 per 100,000 live births with approximately 24 percent of these deaths resulting from hemorrhaging, according to GHS. In addition, 42 percent of women in the country deliver at home; while 95 per cent attend at least one antenatal care at a health facility during pregnancy.

Meanwhile, in the region around Sang, the death of mothers is often not being blamed on hemorrhaging but on the babies themselves.

“My sister died when she gave birth to my nephew and later a witchdoctor said it was the baby who caused the death. Soon after, when the little boy was not seen again, I knew what had happened,” says Asana Abu.

Back to the spirit world

“In the Wapuli village, we all know that happens to children who were born with bad luck: those who either do not have a proper body like you and I, or those who have sent their mother back to the spirit world,” says Asana.

The parish priest of the Sang Catholic Church, Father Cletus Akosah has come across such incidents all over the area. He claims it’s particularly prevalent among the Konkomba people.

Vanishing versus wandering

“The people do not understand that, a child can be born with body defects,” says Father Akosah.

“Such children are quickly condemned to death. A year ago, people wanted to kill a boy who they claimed was vanishing from home during the night.

The witchdoctor said the child must be killed because he was possessed with witchcraft.”

Someone rushed to report this story to Father Akosah who managed to intervene.

“When we brought the boy to the Nazareth Home for God’s Children in Sang, we noticed that he would wander away on occasion.

This was something his parents had not noticed. So he was not vanishing as they claimed, it’s just that they did not keep a serious watch over him. So whenever he wandered away from the house, they claimed he was vanishing.”

Future

Sister Stan Terese Mario Mumuni is currently caring for 30 such children.

With not enough money coming from donations, she has come with innovative ways to raise funds for the care home. “We have set up a tailoring shop in the house and sew clothes for the parish priests in the district. We are also working to open a bakery to make additional money.”

Sister Terese remains hopeful. One of the children, six-year-old Issabelle, just told her: “I want to be a doctor.”

I see you pedophile, Kelewele a.k.a kulikuli... You're yet to reply my quotes or are you tired of getting served?

tit: Igbo?
kill them all!
why is Ghana waisting time?

Who's this dunce?
I guess you're another casualty of polluted sapele water with an IQ equivalent to a seed of ground nut.
Take your insensitivity to the forest, you forest dwelling incestuous dullard or get whipped like the fulanis whip their cows..

Skuty please give us Otumfool's full facebook name, so I can track him down in Gayna and send his fellow gays to get him raped...

[img]www.pdfghana.org/assets/image/News/slum_large.jpg[/img]

adamskutty: Jeeeeeeez! I can't believe this is the kind of human I have been interacting with ever since

Yes, I tracked ur ip with the help of some gurus and found it, Facebook profile

So Mr. bismark from the dirty slums of tema in Ghana what made u miserable lowlife burnt skin, swollen eyes ape think u can match ur nigerian masters?

I spit on u ugly looking poor niggeeer


Hahahahahahahaha! Fugly poor ape, see otumfour with his colour riot second hand cloth

See ancient eye glass Abeg, niggeeer lips looks like a swollen fowl yansh

Is that Otumfool?
A fugly looking gay with countless tribal marks enough to beat the stars of the moon hands down...

Otumfool you look like my gaynaian gate man Kwame, is he your brother?
Omg! No wonder Otumfool is always exhibiting his apeish Ashantimpee kotoko behaviour. Otumfool you need to return to the bush where you from, you're friggin fuggly I spit on your poo alike face..

Raph-el...

CrudeGH: Nigerians living in poverty rise to nearly 61%
http://www.bbc.com/news/world-africa-17015873

Poverty has risen in Nigeria, with almost 100 million people living on less than a $1 (£0.63) a day , despite economic growth, statistics have shown.
The National Bureau of Statistics said 60.9% of Nigerians in 2010 were living in "absolute poverty" - this figure had risen from 54.7% in 2004.
The bureau predicted this rising trend was likely to continue.
Nigeria is Africa's biggest oil producer but the sector has been tainted by accusations of corruption.

Oh! this sour kenke eating burnt offering is an ignoramus...

Only one third of Nigerians are poor says
says world bank

World  Bank logo

•  Says North is poorer 
• Predicts 7.4% growth in 2014 
• CBN: Elections-related spendings may drive up inflation

James Emejo    and  Obinna Chima 

Going by the statistics released to journalists yesterday in Abuja by the  World Bank, only 55.9 million Nigerians (about 33.1 per cent of the country's population put at 169 million)  are living below the acceptable  poverty level, a significant improvement from the figure released  last February by the Nigerian Bureau of Statistics (NBS) which put the poverty level at 112.519 million (62.6 per cent). The World Bank also predicted a 7.4 per cent growth rate in the country's Gross Domestic Product (GDP).

The World Bank attributed the improvement in the poverty statistics to the  positive economic trend as well as significant progress made towards poverty eradication in the country by the government. The poverty figure by the World Bank was drawn from its 2012/2013 poverty estimates while the one by the NBS was from the 2009/2010 estimates.

But in Abuja yesterday, the Central Bank of Nigeria  expressed concern that the possibility of increased government spending in the run up to the 2015 elections may drive up the liquidity in the system which could push upward the inflation figure, a condition which may force people to spend more money to buy less goods.

The  World Bank said,  in its second edition of the Nigeria Economic Report (NER) which was launched in Abuja that going by the recent rebasing of the economy as well as analysis from the new General Household Surveys (GHS) conducted by the National Bureau of Statistics (NBS) with the support of the Bank, new poverty estimates in 2010/2011 and 2012/2013 should be within the range of 35.2 per cent and 33.1 per cent respectively.

Although the previous NBS Harmonised Nigeria Living Standards Survey (HNLSS) 2009/2010, which took a larger study sample into account had estimated poverty rate at 62.6 percent, the Breton woods institution said it had strong reasons to believe that "consumption was seriously underestimated in the large HNLSS household survey in 2009/2010."

It stated that an analysis of a panel survey data (GHS) of 5000 households for 2010/2011 and 2012/2013 provided "evidence that consumption is likely higher than previously estimated from the HNLSS survey."

Furthermore, the new GHS analysis put rural poverty at 46.3 per cent and 44.9 per cent in 2010/2011 and 2012/2013 respectively compared to 69.1 per cent and 51.2 per cent respectively in the HNLSS 2009/2010 estimates by the NBS.
The World Bank estimates further suggested that the number of poor Nigerians remained at 58 million adding that more than half of the figure are located in the North- east or North-west.

Specifically, it noted:" Poverty rates range from 16 per cent in the South- West to 52 per cent in the North-east. While the South and North  central experienced declines in the poverty rate between 2010/2011 and 2012/2013, the poverty rate increased almost unchanged in the North West."

The NBS had since placed a temporary suspension on publishing unemployment statistics pending the adoption of a new methodology, it was gathered.

The Bank also said an unofficial assessments using accepted International Labour Organisation (ILO) methodologies would suggest that the unemployment rate in Nigeria is less than 10 per cent compared to the 25 percent figure by the NBS.

"This masks the critical problem in Nigeria of underemployment. Most Nigerians cannot afford not to work, but a large share of the population is engaged in low productivity and low paying tasks."

The report said the rebase GDP  figure has again drawn attention to official poverty statistics wondering how a country of the size and wealth of Nigeria could have such high poverty rates even relative to neighbouring countries including Niger and Benin Republic- and why the strong economic growth experienced for more than a decade had not generated more poverty reduction.
However, in its short- term economic outlook, it said it expected the Nigerian economy to grow by 7.4 per cent in 2014 "despite significant risks related to oil and potential volatility in short term capital flows."

Speaking at the launch, Lead Economist and Acting Country Manager of the World Bank, John Litwack said: "The combination of the new GDP and poverty estimates is valuable in giving us what we believe to be a clearer picture of development and poverty reduction in Nigeria. Both sets of numbers indicate the prime importance of urban areas for growth and poverty reduction.”

Continuing, he said: "The poverty disparities between the North and South echo disparities in public services as well as the degree of connectedness to large markets."

Elections-related Spendings May Drive up Inflation

In spite of its resolve to keep the key micro and macroeconomic numbers stable , the Central Bank of Nigeria has expressed concern that the possibility of increased government spending in the run up to the 2015 elections may drive up the liquidity in the system which could push upward the inflation figure. The  twin anchor for the inflationary condition according to the CBN  may be the  poor harvest in some agricultural producing areas, particularly in the north eastern and central states of the country.

Nonetheless, the CBN yesterday  in Abuja after the two-day meeting of the Monetary Policy Committee (MPC),   resolved to leave the monetary policy rate (MPR), otherwise known as interest rate unchanged at 12 percent with a corridor of +/- 200 basis points. It also retained the cash reserve requirement (CRR) of both public and private sector deposits at 75 per cent and 15 per cent respectively while the liquidity ratio was left at 30 percent cent.


The MPR is the rate at which the CBN lends to commercial banks and usually determines the cost of funds while the CRR is a restrictive monetary policy tool used by the apex bank to determine the volume of liquidity in banks' vault.

Godwin Emefele, CBN Governor  who read the communique issued at the end of the meeting said the committee unanimously decided to hold rates at current levels having been satisfied with the relative stability in the macroeconomic landscape which had shown impressive growth rates, stable consumer prices and exchange rate as well as increased external reserves.

Addressing journalists in Abuja after the meeting , Emefiele also restated his commitment to gradually reduce interest rate but appealed for patience in order to have the appropriate macroeconomic conditions needed to implement the rates cut-a promise he made on assuming office in June.

He said he was optimistic about achieving low interest rates within a five- year plan taking into consideration  all variables within the ambit of the monetary parameters.