Connect with us

News

How Nigeria Can Use ‘Japa’ Syndrome For Economic Devt — World Bank

Published

on

The World Bank has called on Nigeria to adopt measures that will enhance the economic benefits of the increasing wave of people migrating out of the country, popularly referred to as ‘Japa’ Syndrome.

Making this recommendation in a report titled, “World Development Report 2023: Migrants, Refugees, and Societies”, the World Bank said that Nigeria and other ‘Origin Countries’ should make labour migration an explicit part of their development strategy.

“Origin countries should actively manage migration for development.

Advertisement

“They should make labour migration an explicit part of their development strategy,” the World Bank said.

READ ALSO: Centre Laments World Bank Report On Nigeria, Demands Freeze On Borrowing

Speaking on measures that will help Nigeria and ‘Origin Countries’ enhance economic benefits of migration, the World Bank said: “They should lower remittance costs, facilitate knowledge transfers from their diaspora, build skills in high demand globally, mitigate the adverse effects of “brain drain,” protect their nationals while abroad, and support them upon return.

Advertisement

“Destination countries should encourage migration where the skills migrants bring are in high demand, facilitate their inclusion, and address social impacts that raise concerns among their citizens.

“They should let refugees move, get jobs, and access national services wherever they are available.

“International cooperation is essential to make migration a strong force for development.

Advertisement

READ ALSO: World Bank Lists Challenges For Incoming FG, Drops Growth Rate Forecast

“Bilateral cooperation can strengthen the match of migrants’ skills with the needs of destination societies.”

Among other things, according Vanguard, the World Bank report underscores the urgency of managing migration better.

Advertisement

“The goal of policymakers should be to strengthen the match of migrants’ skills with the demand in destination societies, while protecting refugees and reducing the need for distressed movements.

READ ALSO: World Bank Forecasts Another Global Recession

“The report provides a framework for policymakers on how to do this,” the report said.

Advertisement

Commenting, World Bank Senior Managing Director, Axel van Trotsenburg, said: “Migration can be a powerful force for prosperity and development.

“When it is managed properly, it provides benefits for all people — in origin and destination societies.”

 

Advertisement

News

Foundation Holds School Debate In Benin To Address Negative Narrative About Education

Published

on

Osahon Enabulele Foundation, (DOEF), has given reason for organising interschool secondary schools debate in Edo State, saying it was “conceived to tackle the negative narrative surrounding the value of education among the younger generation.”

The Director—General of the foundation, Dr. Osahon Enabulele, stated this at the grand finale of the maiden edition of the debate held in Benin on Wednesday.

The competition, titled: “If education is a scam or not” was informed by the social-economic reality with students demonstrating impressive intellectual competition and depth.

Advertisement

Enabulele stressed that the debate was aimed at promoting intellectual development, encouraging civic engagement and public speaking, and fostering leadership qualities and critical thinking.

READ ALSO:Foundation Engages Traditional Leaders To Curb GBV In Bauchi

He added that the foundation, established nine months ago, was driven by strategic pillars that include leadership and governance, health, education, policy advocacy and social philanthropy.

Advertisement

According to him, many young people are becoming disillusioned by society’s “defective role modelling” and the “unfortunate reward for individuals with questionable sources of wealth,”

He said, “The debate is totally driven by the Foundation as a deliberate interventionist initiative that seeks to reverse the worrisome negative narrative about education, particularly amongst our upcoming generations, including our youths who are increasingly becoming victims of our society’s defective role modelling and unfortunate reward for individuals with very questionable sources of wealth, with leadership and societal positions. Our younger ones are truly becoming disillusioned as a result of these inanities.

“Some no longer think it is worthwhile to acquire education or task their brains in any way. This debate initiative is therefore our Foundation’s committed efforts to contribute to the reversal of this worrisome trend and mindset affliction.”

Advertisement

READ ALSO:Employ Sign Language Interpreters, Foundation Urges Nigerian Banks

The interschool debate saw Eghosa Grammar School clinching the N1m star prize while other winners were also presented with a certificate of participation, books and other sundry items.

The outstanding speakers during the debate also went home with cash prizes ranging from N100,000 to N200, 000.

Advertisement
Continue Reading

News

Trump’s Military Threat: ‘Poor Man Is Already A Sinner’ – Shehu Sani

Published

on

Former lawmaker, Shehu Sani, has criticised United States President Donald Trump’s approach to global relations, alleging a double standard in the way he engages with different regions of the world.

In a statement posted on X on Wednesday, Sani said Trump had secured a trillion-dollar deal from Saudi Crown Prince Mohammed bin Salman and consistently defended the kingdom, while raising issues of human rights, terrorism and religious persecution only when dealing with African leaders.

According to him, no African, European or Latin American nation could offer Trump the kind of financial leverage that oil-rich Arab states provide.

Advertisement

READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

Sani’s remarks come amid Trump’s recent threat of military action in Nigeria over allegations of Christian genocide.

The former lawmaker argued that in a materially driven world, “a poor man is already a sinner,” suggesting that economic power continues to shape international attitudes and interventions.

Advertisement

He wrote: “Mr Trump got a deal of a trillion dollar from Bin Salman and defended everything about Saudi Arabia. No African, European or Latin American country can give him that.

“When they are talking with oil rich Arab countries, issues of human rights, executions, terrorism and religion doesn’t come up, until they meet with African leaders and start asking them where they learned ‘how to speak English’. In a material World, a poor man is already a sinner.”

Advertisement
Continue Reading

News

Why Nigerians Are Not Feeling Inflation Drop – Economists

Published

on

Despite Nigeria recording its seventh consecutive month of disinflation, economists and financial analysts have raised concerns that the easing inflation trend has brought little or no relief to Nigerians and households already overwhelmed by high living costs and economic hardship.

The National Bureau of Statistics (NBS) reported that headline inflation slowed to 16.05 per cent in October 2025, down from 18.02 per cent in September, one of the strongest single-month declines this year.

Food inflation also moderated to 13.12 per cent, compared to 16.9 per cent in the previous month.

Advertisement

But economists and analysts insist the improved figures do not reflect the economic reality facing millions of Nigerians.

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the gains from the latest figures have not translated into real cost-of-living relief because price pressures remain elevated across essential sectors.

READ ALSO:Why U.S. Military Intervention In Nigeria Will Be Messy, Says Adeyemi

Advertisement

Inflationary pressures remain elevated in critical household sectors—including food, transportation, housing, utilities, education, and health—which jointly account for 84 percent of inflation,” Yusuf noted.

He attributed the limited impact of disinflation to persistent structural challenges such as high logistics costs, energy constraints, insecurity in food-producing regions and climate-related disruptions that continue to suppress supply.

According to him, “the full welfare benefits are yet to be sufficiently felt by households due to persistent structural constraints.”

Advertisement

Yusuf advised that deeper and sustained reforms across key sectors—supported by coordinated monetary, fiscal and structural policies—are necessary to turn statistical improvements into real economic progress.

‘NBS Inflation Figures Are Flawed’ — Former CIBN President, Okechukwu

In an interview with DAILY POST, Mazi Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria (CIBN), said the October inflation report is detached from the real-life experience of Nigerians.

Advertisement

READ ALSO:Nigerian Military Kills 50 Jihadists During Army Base Raids

Unegbu insisted the country’s true inflation rate is significantly higher than official figures suggest.

The inflation figure by the National Bureau of Statistics is flawed because it does not reflect reality. In real terms, the country’s inflation is as high as 29 percent,” he said.

Advertisement

He argued that the persistent rise in the cost of food, rent, transportation, fuel, and other essentials shows that the declining inflation rate “does not make sense” to the average Nigerian.

Why Nigerians Still Feel No Relief — Oyedokun

An economist and a university don, Prof Godwin Oyedokun, said most Nigerians feel no impact from the inflation slowdown because the structural drivers of the cost-of-living crisis remain intact.

Advertisement

READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

He outlined six reasons why Nigerians are yet to feel the impact of inflation: “Prices are still rising— just more slowly- A drop in inflation does not mean prices are falling. Nigerians are still paying historically high amounts for food, transport, energy and rent.

“Incomes remain stagnant- Wages, pensions and SME earnings have failed to keep up with inflation for two years, weakening purchasing power.

Advertisement

“Key cost drivers remain unresolved- Exchange-rate volatility, high energy costs, logistics inefficiencies, insecurity in food belts and elevated interest rates continue to fuel price increases.

READ ALSO:Two Nigerians Sentenced For Attempting To Obtain Ghana Cards With False Identities

Inflation expectations are still high- Businesses expect prices to rise further and therefore adjust prices upward in advance.

Advertisement

State-to-state variations distort relief- Some states still record much higher food and transportation inflation than the national average.

“Poverty levels overshadow economic data- With high unemployment and widespread poverty, even a slowdown in inflation does little to improve household welfare.”

Prof. Oyedokun concluded that “Nigerians have yet to feel any relief because the level of prices— not just the rate of change— remains painfully high, and the structural conditions driving hardship persist.”

Advertisement
Continue Reading

Trending