RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economics

Nigeria has Become Poverty Nation of the World

Rate Captain by Rate Captain
November 29, 2021
in Economics, Politics
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

IMF- Global Economy growth is expected to be slow in 2023

Breaking: Nigeria’s Inflation surprisingly plunged to 21.34% in December 2022

Inflation Will Defy CBN’s Monetary Policy Efforts, To Hit 21.6% – Cape

Dr. Iyochia Ayu, The National Chairman of The People’s Democratic Party (PDP), has explained that Foreign loans incurred under the Buhari administration alongside economic woe has made Nigeria the poverty capital of Nigeria.

During an interview with BBC Hausa Dr Ayu stated although the PDP made some questionable decisions, The party consistently owned up to its shortfalls contrasting to the current administration which is full deception.

His words, “it is generally known that since the assumption of power of the incumbent government, it couldn’t fulfill promises made to Nigerians.

“We don’t lie, we don’t say we’ve done what others have done or are doing. Now, we are ever ready to make amends.”

He further stated that the People’s Democratic Party (PDP) had organized a workshop for party members recently elected with the aim of enlightening them on strategic methods of curbing insecurity in Nigeria.

Furthermore, Ayu expressed his frustration on how the insecurity has increased to the extent that there is no guaranteed safety from Kaduna to Abuja, He assured Nigerians PDP are ready for the challenge to handicap insecurity.

“The situation in our country is so bad that anyone on a journey from Abuja to Kaduna, whether by road or by rail, would not have a peaceful mind.

“It is a must that we right the wrongs in our party, to get people’s support. Every side must be given the chance to comment so that together, we work in unison to achieve what the people desired.

“We shall discuss with people to hear their views, because we would not trust the Nigeria of today in which people are diverting official things for their interest, rather than for the people,” he said.

Ayu also criticized the number of foreign loans Nigeria attracted under Buhari, alleging that doing so had made Nigeria a beggar in the comity of nations.

Previous Post

World Bank says Nigeria’s Monetary Policy Approach Hinders Investment and Magnifies Inflationary Pressure

Next Post

Covid-19 Variant Omicron Causes Gold Price Hike

Related News

IMF- Global Economy growth is expected to be slow in 2023

IMF- Global Economy growth is expected to be slow in 2023

by Rate Captain
February 1, 2023
0

The International Monetary Fund on Monday 31 January 2023 published its latest economic growth projections for 2023 and 2024 in...

Nigeria’s Inflation Climbs to 19.6% in July 2022

Breaking: Nigeria’s Inflation surprisingly plunged to 21.34% in December 2022

by Rate Captain
January 16, 2023
0

The Nigeria inflation rate in December 2022 eased to 21.34% compared to November 2022 headline inflation rate which was 21.47%....

Ghana’s Inflation Rate Surges 33.9%, the highest in 21 Years

Inflation Will Defy CBN’s Monetary Policy Efforts, To Hit 21.6% – Cape

by Rate Captain
January 13, 2023
0

Cape Economic Research and Consulting has predicted a surge in Nigeria’s inflation amidst the Central Bank of Nigeria’s Monetary tightening...

CBN to Debit Banks by Thursday as it Raises Cash Reserve Ratio to 32.5%

Reps asks CBN to suspend new cash withdrawal policy, summon Godwin Emefiele

by Rate Captain
December 9, 2022
0

The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the planned implementation of its...

Next Post

Covid-19 Variant Omicron Causes Gold Price Hike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Airtel Africa’s nine-month turnover hits $3.9billion.

Airtel Africa’s nine-month turnover hits $3.9billion.

February 3, 2023
Charges on cash transactions skyrocketed by POS agents.

Charges on cash transactions skyrocketed by POS agents.

February 3, 2023

Popular Story

  • CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

    CBN Directs Banks to Start Paying New Naira Notes Over the Counter.

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria Annual profit hits N361.5 billion.

    0 shares
    Share 0 Tweet 0
  • Shell’s annual profit hits $39.9 billion.

    0 shares
    Share 0 Tweet 0
  • Naira depreciates to N749/$ in the parallel market.

    0 shares
    Share 0 Tweet 0
  • Charges on cash transactions skyrocketed by POS agents.

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>