₦airaland Forum

The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty.

According to a report obtained via a World Bank newsletter on Friday, titled, “Global Economic Prospects,” Russia’s invasion of Ukraine and its effect on the commodity market, supply chains, inflation, and financial conditions have intensified the slowdown in economic growth.

The Washington-based bank further explained that the possibility of high global inflation could eventually result in tightened monetary policy in advanced countries which might lead to financial stress on emerging markets and developing economies.

The report also quoted the World Bank President, David Malpass, as saying that the world was facing the deepest global recession since World War II.

He said, “The global economy is facing high inflation and slow growth at the same time. Even if a global recession is averted, the pain of stagflation could persist for several years- unless major supply increases are set in motion.”

The report added that growth in Sub -Saharan Africa is projected to slow to 3.7 per cent this year reflecting forecast downgrades of over 60 per cent of regional economies. Price pressures, partly induced by Russia’s invasion of Ukraine, are sharply reducing food affordability and real incomes across the regions.

It read in part, “More people in SSA are expected to fall into extreme poverty, especially in countries reliant on imports of food, and fuel. Fiscal space is narrowing further as the government ramps up spending on subsidies, support to farmers, and in some countries, security. However, the impact of the war will vary across countries, as elevated commodity prices will help soften the damaging effects of high inflation in some large commodity exporters”.

Among the risks to the forecast, prolonged disruptions to food supply across the region could significantly increase poverty, hunger, and malnutrition, while persistent inflation could ignite stagflation risks and further limit policy space to support recoveries. An elevated cost of living could increase the risk of social unrest, especially in low-income countries[color=#000000].[/color]

On how the global economic situation could worsen the poverty level in Nigeria, an Associate Professor of Economics at Pan Atlantic University, Dr Olalekan Aworinde, said the Russia-Ukraine war would reduce the disposable income of Nigerians, which would, in turn, affect the standard of living.

Aworinde said, “Ukraine is one of the largest producers of wheat in the world and the Russian war invasion will affect the demand and supply of wheat and once the major producers of this agricultural material cannot export the goods, that implies that demand is greater than supply and that will result in a hike in price. Once prices increase, knowing fully well the disposable income of the consumer is constant it means the purchasing power will fall. And if the purchasing power falls, it will affect the standard of living and once it affects the standard of living it means these individuals will go into absolute poverty.”

Aworinde added that in terms of the structure of the Nigerian economy as a “monocultural economy, meaning that we only produce oil and we cannot eat oil.

“So Nigeria is mainly an import-dependent country and that means when you are bringing in the goods and it’s expensive imported inflation and the implication is that general prices of goods will increase leading to a continuous inflation.”

Becos you dey post your food everyday nor mean say you chop pass me, Copped a Brand New Hilux From @lekkiluxurycars

BEAUTIFUL MORNING MY PEOPLE ❤️ HOW ARE YOU ALL DOING?

incandescentena:
This is now news?

I Finally Defeated and Deflated @officialefcc In Federal High Court , My Cars and properties has been released to me , Never Believed at my Age ill be Fighting The Federal Government, But i have to fight for what is mine ,This is a proff that the Nigeria Justice System Works, Big Thank you to everyone that cared and a Big Big Shout out to My Legal Teams @sniperkc , You guys worked tirelessly to achieve this , I was Born To Break The Ice , This win is for the Youth , Lets Learn to fight for what is ours, Shout to those trading with blord , Brag for me it aint easy , Bitcoinlord family, I MADE HISTORY

No make up day……..

Attackers of an Abuja-Kaduna train carrying 362 passengers, are now calling their victim’s relatives to get prepared for ransom.

Bandits had attacked the Kaduna bound train, killed eight, injured 26, and kidnapped scores on Monday evening.

Some kidnapped victims’ families members, who spoke to DAILY POST on Thursday, said they received phone calls on Wednesday evening, telling them not to panic over the disappearance of their loved ones, assuring them of their safety, but that they should be ready for their calls for ransom[color=#000000].[/color]

Musa Abilewa, a family member of one of the kidnapped victims, said the terrorists spoke with him, saying his brother is fine.

According to him, the bandits said he should be ready for ransom.

“I spoke with one of the bandits who said my brother was fine. He said I should be ready to pay for feeding my brother since he was kidnapped,” he told DAILY POST sobering.

Another relative of a kidnapped victim, Mrs. Ngozi, who said he was discharged from the hospital in Kaduna on Thursday, said the only sister in the family was among those kidnapped.

According to him, “they called me while about to be discharged from hospital bed early morning on Wednesday. I spoke with my sister too, who said I should try all I could, to pay, if they demand for ransom.”

“Though I did not speak with my mother, my sister assured me she is fine,” he said.

Another family member, Yahaya Abdul also said the bandits called him and told him his brother was fine and that he should expect their call.

Those same set of people that attacked the late Chinelo are the same set that attacked and trolled me when the police brutalized me. These are sycophants who are loyal only to their political gods. They care not for this country and have no conscience whatsoever left in them.

dangermouse:
Happen most times during the rain y season especially in Lagos.

They didn't check the fuel well as water must have entered the underground tank, before dispensing duel to customers.

Desist from showcasing tribal bigotry. It will do you a whole lot of good.

We are stranded on the road because we used our ₦13,000 to buy water instead of fuel from a petrol station here in Ogidi.
Today is 18th March, 2022.

No fewer than twelve (12) suspected hoodlums were yesterday arrested by security operatives for allegedly peddling illicit drugs and promoting intake of Methamphetamine, popularly known as Mkpurummiri.

The suspects were arrested and paraded by the Ebonyi State Command of the Ebubeagu Security outfit, at its temporary office, located at the old government house, Abakaliki.

The Ebonyi State Security Consultant, Chief Stanley Emegha, who spoke to journalists while parading the suspects, said that the security outfit, on a tip-off, stormed the hideout of the syndicate and arrested 12 of them, while others escaped.

He noted that the suspects specialize in the distribution of hard drugs, such as Methamphetamine, popularly known as Mkpurummiri.

Emegha, who is also the State chairman of the ruling All Progressive Congress, APC, in Ebonyi State, expressed dismay over the high rate of consumption of the illicit hard drugs and urged members of the public to avail the security outfit with useful information that would lead to the arrest of the remaining members of the syndicate. [color=#d7e0c9]Prayers For Thanksgiving[/color]

He blamed the criminal activities in the State on the high rate of consumption of hard and illicit drugs by hoodlums.

According to him: “I have always emphasised that security is everybody’s business. We got hints yesterday about a gang that specializes in these hard drugs, the Mkpurummiri”.

The state security consultant noted further that apart from the hard drugs and other substances, live ammunition and other dangerous weapons were also recovered from them.

“When we got information of their activities, I immediately arranged with the Ebubeagu personnels who stormed their hideout and luckily, we were able to arrest them with all these items.

“Twelve of them are here, though, there are still some of them that are at large, we promise strongly that we will do everything possible to get those at large.

“I want to use the opportunity to call on the public, information is very vital, a key to security. If we get the information, we will do the needful,” he said.

The State Security Consultant said that the suspects would be handed over to the police for interrogation and possible prosecution.

He expressed the regret that some persons in the society who do not want the security of lives and properties of Ebonyi people to be protected are calling for the disbandment of EbubeAgu.

The National Drug Law Enforcement Agency (NDLEA) said on Wednesday that it will surely expose all those behind the drug deal involving suspended DCP Abba Kyari, the erstwhile Commander of Intelligence Response Team (IRT), at the Force Intelligence Bureau (FIB) of the Nigeria Police Force

Femi Babafemi, spokesman of the Agency, in a statement on Wednesday, pleaded with members of the public to be patient as the agency would unravel the mystery behind the 25kgs of cocaine intercepted at the Enugu Airport. [color=#d7e0c9]Catholic Prayers For Lost Things[/color]

According to him, the agency would not cover up anyone found guilty.

He declined comments on the grilling of the embattled DCP Abba Kyari over his involvement in the Brazil-Ethiopia-Nigeria drug ring, adding that investigations were ongoing.

He said anybody that may be indicted would surely face the full wrath of the law, which had always been the stance of the Chairman/Chief Executive of NDLEA, Brig. Gen Mohamed Buba Marwa.

“My wife my love my friend. my support my co pilot my Queen. Every day with you is vals da12 years done forever to go #everydaywithyouisvalsday❤️
#12yearsdoneforevertogo♥️”.

GOFRONT:
Na wao......this breeze when una wan blow too much oo.....So many foul Yansh go open.

This is what our super Tailor turned Pablo escoba have caused. [color=#d7e0c9]Catholic Prayers In Spanish[/color]

Today's lovers day is really a day of hatred toward Supercop Kyari in da hands of Ndlea

saphiere:
Dear ladies, I need not to tell you the kind of men we have and the security situation in the country. Currently, rituals has become a norm.

Here are few tips to help you survive the evening.

1. DON'T GO OUT WITH HIM IF YOU MET HIM ONLINE AND THIS WOULD BE YOUR FIRST TIME OF SEEING HIM IN PERSON

2. IF YOU MUST HANGOUT TONIGHT, HAVE A PACK OF CONDOM. [color=#d7e0c9]Catholic Prayers In Spanish[/color]

3. BEFORE YOU GO OUT WITH HIM, SEND HIS PICTURES, HOUSE ADDRESS AND HIS PHONE NUMBER TO YOUR RELATIVE.

4. LET HIM BE AWARE THAT YOUR PEOPLE KNOW YOU ARE HANGING OUT WITH HIM.

5. SCREENSHOT YOUR LAST CHATS AND RECORD YOUR LAST CONVERSATION WITH HIM AND SEND IT TO A CLOSE FRIEND.

6. PICK THE VENUE OF MEETING.

7. BEFORE YOU STEP OUT, SPELL OUT YOUR EXPECTATIONS TO HIM. IF YOU KNOW WANT SEX, TELL HIM BEFORE HAND.

8. STAY IN AN OPEN PLACE AND LET THERE BE PEOPLE IN THE ENVIROMENT.

9. IF BY WHATEVER MEANS YOU FIND YOURSELF IN A HOTEL ROOM WITH HIM, RECORD EVERY MOMENT (you will need it in case).

10. OPERATE ON "NO CONDOM NO SEX" REGARDLESS WHO HE IS TO YOU.

Happy Val. Enjoy the evening

Sign: Sarah Theophilus

God1000:
The difference is clear in terms of orderliness.
What is responsible for the obstreperous nature of Lagos today? [color=#d7e0c9]Catholic Prayers In Spanish[/color]

I don't want any excuses.

Super Eagles Assistant Captain, William Troost-Ekong revealed how his mother felt when the youth team coach at Tottenham told him that he would not make it as a footballer.

Troost-Ekong said his mom, a Dutch, was very upset when the coach Matt de the comment.

The Super Eagles defender said that those degrading words from the coach helped him become what he is today.

Troost-Ekong told Baller Talk’s Femi Ilesanmi, James Alabi and Doe E, “I remember one time he had a meeting with my mom, I think it was after my first year as a scholar and he was like I’m going to be really honest to my mom. Will’s miles off it and at this rate I can’t see him playing even non-league football, League Two, League One. [color=#d7e0c9]Cleaning Services In Abuja[/color]

“I felt like crying and I remember seeing my mom , my mom was upset, I’ve never seen her like that because she backed me against my dad’s will to sign for Spurs at the time.

“I came to England originally to go to school, I went to boarding school which is thoughtful, so was already like a big deal that she did that for me, and then all of a sudden after one year, she’s hearing like this is not really working out so that was the biggest motivation.

“From that moment on, I was like Will you need to sort yourself out and that was the chip on my shoulder every time to be like I am going to show everyone, I’m going to show everyone.”