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More than 40 percent of extremely poor people in the world will be living in Nigeria and DR Congo by 2050, a report by Bill and Melinda Gates Foundation has revealed. Poor nutrition, high maternal and infant mortality are major contributors to relatively low average life expectancy in Nigeria In the 2018 goalkeepers report released, yesterday, the foundation said by 2050, Nigeria will have 152 million people in extreme poverty, out of a projected population of 429 million.

It blamed this on the lack of investment in human capital to correspond with the increasing population growth. Nigeria is currently the seventh most populous country in the world with an estimated population of 198 million.

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The annual report, produced in partnership with Institute for Health Metrics and Evaluation, IHME, at University of Washington, tracks progress being made on the United Nations sustainable development goals, SDGs. In June, Brookings Institution reported that Nigeria had overtaken India as the nation with the highest number of poor people, with 87 million of its citizens in extreme poverty. International Monetary Fund, IMF, had also said in March that Nigerians are getting poorer due to the lack of coherent and comprehensive economic reforms.

The goalkeepers report said while more than a billion in the world have lifted themselves out of extreme poverty since 2000, “extreme poverty is becoming heavily concentrated in sub-Sahara African countries.” “By 2050, that’s where 86 per cent of the extremely poor people in the world are projected to live. The challenge is that within Africa, poverty is concentrating in just a handful of very fast-growing countries. “By 2050, for example, more than 40 percent of the extremely poor people in the world will live in just two countries: Democratic Republic of Congo and Nigeria.

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Even within these countries, poverty is still concentrating in certain areas.” The foundation said to address the poverty crisis, adequate investment would need to be made in young people, especially in areas of education, health and human capital development. “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.

Anambra schools close due to flooding


All primary, post-primary and tertiary schools in Ogbaru Local Government Area of Anambra have been temporarily closed in reaction to the flood disaster in the area.The council Chairman, Mr Arinze Awogu disclosed this while inaugurating the distribution of relief materials at the council headquarters, Atani on Tuesday.

Awogu said the closure of the schools was in line with the directive of Governor Willie Obiano, who said schools in the affected areas should be closed to avert loss of life.“We are in an emergency situation and for us, safety of life is paramount, people will not have need for education when they are dead.

So in line with the directive of the governor, we have asked that all the schools in Ogbaru be temporarily shut down,” he said.He said that a 12-man Local Emergency Management Committee had been set up to ensure effective rescue and coordination of victims as well as distribution of relief materials to those in Internally Displaced Persons camps.The council boss said Ogbaru had taken delivery of buckets, mattresses, mats, mosquito nets and blankets from the State Emergency Management Agency but noted that it was still a far cry from what was required.

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According to Awogu, about 190 households comprising of no less than 1, 100 persons are presently at the three IDPs camp located at the council secretariat, Community primary school Odoekpe and St James Anglicans Church, Iyiowa.He noted that 13 out of the 16 villages were on the coastal bank of River Niger and all had been critically affected by the flood. He added that the remaining three were also highly threatened.The chairman, who had also been sacked from his house, said no life has been lost to the flood in Ogbaru as of the moment stressing that destruction of property, farms, farm produce and livelihood of the people was massive.

He urged people to move to the camps and decried their reluctance to leave their ancestral homes.

“We are close to where we found ourselves on 2012, when the water height was 12.84 metres and as at yesterday it stands at 11. 80 metres, so you can see how close we are to it.“There are 16 communities in Ogbaru and 13 of them are along the river bank; all these towns are terribly submerged.“These are Odoekpe, Atani, Akiri, Ochuche, Mputu, Osamala, Oguikpele, Obaogume and Ummunankwo and they are all gone.“Others are Obagu, Umuzu, Obaogume, Ogbakuma, all these towns are submerged, no place is safer than the other.

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“It is a humanitarian challenge here, we need the best help we can get, it is good that the federal government has declared Anambra flood a disaster, we want to see massive deployment of relief materials here.“We need effective medical assistance because of the looming epidemic; we need food, disinfectants, toiletries and other emergency items.“What we are distributing is what we got from SEMA, we want NEMA to react to their declaration by massively deploying relief materials here,” he pleaded.

He thanked Obiano and the people of Ogbaru who had helped to draw attention to the disaster and also rendered assistance.




100 die in severe flooding in Nigeria

Nigeria has declared a national disaster after severe flooding left about 100 people dead across 10 states, the country’s main relief agency said on Tuesday.

Heavy seasonal rains have caused the Niger and Benue rivers to burst their banks, inundating communities, farms and trapping tens of thousands of people in their homes.
Sani Datti, from the National Emergency Management Agency (NEMA), told AFP: “We have declared a national disaster in four states — Kogi, Delta, Anambra and Niger. “Eight other states are on the watch list. All these states have been the worst hit by the flooding. About 100 people have lost their lives in 10 states.” Kogi and Niger are in central Nigeria while Delta and Anambra are in the south. The Kogi state capital, Lokoja, lies at the confluence of both rivers and has been virtually submerged because of the rising waters.
NEMA said water levels on Monday were continuing to rise in Lokoja and had reached 11.06 metres (36 feet) — approaching those of similar devastating flooding in 2012. Then, hundreds of people died and about two million others were left homeless in 30 of Nigeria’s 36 states.
More rains are forecast on Tuesday, according to the Nigerian Meteorological Agency. Nigeria’s President Muhammadu Buhari said on Monday he had approved the release of three billion naira ($8.3 million, 7.1 million euros) to buy medical and relief materials.
Flooding along the rivers is a frequent occurrence during the annual rains, which fall from May to September. Datti said military personnel and equipment had been seconded to help the relief effort, as well as the evacuation of trapped residents from their homes.

Why progress is slow in real estate sector, by experts


Experts in real estate yesterday blamed policy inconsistencies, delay in legal process, poor state of infrastructure and inadequate access to finance for the slow progress recorded by the sector in the country.

Speaking at the 7th edition of the yearly Real Estate Unite summit organized by 3Invest, a real estate company, in Lagos were  experts, who were drawn from the public and private sectors, only collaborative efforts by players in the industry can position it on the path of growth to contribute its quota to the nation’s economic development.

The Founder and Chief Executive Officer of Eximia Realty Limited, Mr. Hakeem Ogunniran, who spoke on “Connecting the dots: Nexus between policy, legal and regulatory framework and real estate growth in Nigeria”, noted that government inconsistent policy, lack of infrastructure and high cost of construction had inhibited growth in the sector.

He said although some significant reforms had been made in the sector, leading to the nation’s improving record in the ease of doing business rating, it was still suffering severe challenges that required consistent and collaborative efforts to overcome.

The developer, who is a former managing director of UACN Property Development Company Plc, noted the important role of infrastructure in the growth of the sector, saying it constituted between 15 to 20 percent of the cost of development.

On the issue of funding, Ogunniran expressed regret that access to long-term funds is very limited, while the available offshore funding is bedeviled by the velocity of the foreign exchange market.

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According to him, the nation can make progress when all stakeholders come together to ensure strict compliance with some positive government policies, such as the Nigeria Housing Finance programme.

The Chief Executive Officer, Nedcomaoks Limited, Mr. Kennedy Okonkwo, called for the protection of property rights by governments despite party affiliations.

He recalled the recent demolition of a television house in Ibadan, Oyo State, stressing that revocation of titles by successive government do not encourage investment in the real estate sector.

The Chief Executive Officer of Palton Moragn Holdings, Adesope Adeyinka, said it was ironical that government, which wants to solve housing problems, always come out with unfavourable policies.He lamented that government is treating the issue of perfection of titles and land acquisition as business instead of service, thereby working against its intention to solve housing problems.

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In her address, the organizer of the summit and Chief Executive,3Invest, Mrs. Ruth Obih-Obuah, noted the importance of the real estate as the most transformative sector of any economy and one of the most effective tools for poverty alleviation and job creation.

She said the sector was capable of contributing meaningfully towards the development of the economy, if adequately structured.

This year’s submit was tagged  “The Conversation Summit.”


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