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Over 100 Million Nigerians Living in Poverty, Peter Obi Says

The presidential candidate of Labour Party (LP), Mr. Peter Obi, on Monday declared that over 100 million Nigerians were living in poverty, saying the situation was responsible for the rising insecurity in the country.
According to the LP presidential candidate, the inability of the current government to handle challenges facing Nigeria has painted the country as a failed state.
Obi spoke during a one-day International Colloquium forum with the theme: “What do Nigerians Want?” held virtual that was organised by Christ Church, in Port Harcourt.
According to the former Governor of Anambra State, “Over the years what we see as a country is training people into poverty. The consequence is that we have 100 million people today living in poverty. There is no way you will have 100 million people living in poverty and you will not have crisis.
“We have more people living in poverty than China and Egypt combined, a population of about 2.5 billion. There is no where you won’t have these crises we are going through. The number of people that supposed to be working in Nigeria is 120 million, but today only 40 million are gainfully employed in Nigeria. We have 80 million people who are supposed to be working not working.
“The consequence is that we have a state but it is unproductive. Nigeria as a country is unproductive because when we talk about 80 million people that are not working, about 70 per cent are youths in their productive age doing nothing with so much tendencies.
“So, the country is not doing anything, all the country is doing today is sharing. Everybody is looking for what to share, even when what we are sharing is finished which is why we have the large crisis till date”.
Speaking on security, Obi expressed sadness that the government was no longer in control of the nation’s territory, adding that the nation was being led by gangsters whose target is to loot the country’s treasury for personal gain.
“We are no longer in control of our economy. We have to deal with the issue of security. Why do we have a security problem? Is very shameful. Is curating the effect of leadership failure over the years?
“I have to stop the bleeding. You are going to borrow money but there had to be a law that all borrowed money will be for investment. We had to move from sharing formula to production formula.
“If we get it right and start borrowing for investment, that is where we start. When we start pulling people out of poverty. The more they pull people out of poverty, the more they reduce criminality.
“We need to start doing proper investment in security. Nigeria is lacking leadership. We have one situation where our system has been criminalised by gangsters who call themselves leaders and that is why we see desperation by people who want to run the government. It is remaining for us to carry gun and shoot people because we want to serve them”, Obi added.
Earlier, Dr. Victoria Ekhomu, spoke on the State of Insecurity in Nigeria, while Prof Oyelowo Oyewo and Ifiesimama Sekibo respectively spoke on “Restructuring and True Federalism in Nigeria” and “The Economy Nigeria Needs to Break Forth.”
Meanwhile, the Peter Obi Support Network (POSN) has condemned the alleged intimidation of people of south-east origin at some voter registration centres in Lagos State.
The group also described as unacceptable, the prevention of voters’ registration exercises in some parts of Imo State.
POSN stated these while reacting to series of viral videos of unbelievable intimidation of adults, who had peacefully attempted to contribute their civic quota to the democratic process of obtaining their PVCs.
The group therefore called on security agencies, to collaborate with the Independent National Electoral Commission (INEC) to tame the ugly trend.
The POSN statement was signed by the spokesperson, Sani Saeed Altukry.
The group further implored INEC to distribute more equipment and personnel to the allocated registration centres in Lagos State particularly and other states of the federation that require same urgent attention to effectively register all adults, who desire to exercise their civic rights in 2023 and beyond.
Part of the statement read: “We condemn, in the strongest possible terms, the intimidation and violence evidently meted out to the people from the south-east origin resident in Lagos State, who went to exercise their fundamental rights of getting registered as voters to be eligible to perform their simple civic duty of voting during elections in Nigeria.
“Few weeks ago, similar incidents were reported about people being chased out of a registration centre in Imo State by those alleged to be armed bandits.
“These developments in our democratic polity are extremely worrying and should be of great concern to our security agencies.
“We commend INEC for establishing emergency registration centres in Enugu, Lagos and other locations, which has given eligible youths the opportunity to register while we continue to call for extension of the registration deadline beyond June 30 so as not to disenfranchise millions of eligible Nigerians who are willing to exercise their civic duties.”
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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.
The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.
One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”
Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.
Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.
A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”
Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.
The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.
The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.
Headlines
NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
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