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141 million Nigerian households to live in poverty this year – Report

The projection is contained in PwC’s Nigeria Economic Outlook 2026, titled “Turning macroeconomic stability into sustainable growth.”

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• Nigerians

Are most Nigerians poor because they are lazy? What is your opinion? Well, a report by the PwC has projects that the poverty rate in Nigeria will likely rise sharply to 62 percent this year, with about 141 million people expected to be living below the poverty line.

The projection is contained in PwC’s Nigeria Economic Outlook 2026, titled “Turning macroeconomic stability into sustainable growth.”

The report notes that despite recent policy actions aimed at restoring macroeconomic stability, weak growth in real incomes and persistently high living costs are likely to push more households into poverty over the next two years.

PwC estimates that most Nigerians will struggle to record income gains strong enough to offset rising prices in the near term, particularly as inflation continues to erode purchasing power.

“Poverty is projected to rise to 62 per cent (141 million people) by 2026, reflecting weak real income growth and lingering inflation effects

While inflation is expected to ease gradually, the firm warned that the underlying cost structure of the economy would limit meaningful affordability gains for households,” PwC noted.

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Commotion In National Assembly Over Fire Outbreak

It took the swift intervention of senator Asuquo Ekpenyong from Cross River South and Senator Salihu Mustapha to quench the fire building up in the kitchen compartment of the Senate hearing room 107.

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Image: National Assembly, Abuja

A fire outbreak in the Senate wing of the National Assembly was quickly put out on Wednesday; stopping it from spreading any further.

It took the swift intervention of senator Asuquo Ekpenyong from Cross River South and Senator Salihu Mustapha to quench the fire building up in the kitchen compartment of the Senate hearing room 107.

The Senate Committee on Niger -Delta Development Commission, NDCC chaired by Senator Ekpenyong had just concluded the screening exercise of Dr. Zainab Marwa as the member representing, Northeast on the board of the commission when smoke from the fire rapidly covered the scene of incident.

It was subsequently gathered that the fire emanated from a micro-wave left on in the kitchen.

In the brief commotion; Senator Ekpenyong’s swift intervention ensured that the fire was quickly put out.SOT

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President Tinubu Commissions new EFCC office in Ekiti

Earlier, EFCC Chairman Ola Olukoyede described the commissioning of the Ekiti Zonal Directorate as a landmark development that would enhance the Commission’s presence and effectiveness in the region.

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• EFCC Ekiti Office commission by Vice President Kashim Shettima, Tuesday, June 9, 2026.

President Bola Ahmed Tinubu has commissioned the new Economic and Financial Crimes Commission (EFCC) Zonal Directorate office in Ado-Ekiti.

Represented by Vice President Kashim Shettima at the commissioning ceremony on Tuesday, President Tinubu said that the state-of-the-art facility reflects the Federal Government’s commitment to strengthening institutions responsible for fighting corruption and economic crimes.

The President commended EFCC Chairman, Ola Olukoyede, as well as the management and staff of the Commission for their efforts in enhancing the agency’s operational capacity and expanding its reach across the country.

According to him, the new office will improve the Commission’s effectiveness in tackling corruption, financial crimes and related offences, while bringing anti-graft operations closer to the people of Ekiti and Ondo States.

Earlier, EFCC Chairman Ola Olukoyede described the commissioning of the Ekiti Zonal Directorate as a landmark development that would enhance the Commission’s presence and effectiveness in the region.

He noted that the facility would help close operational gaps in the Commission’s coverage of Ekiti and Ondo States while improving engagement with local communities in the fight against corruption.

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JUST IN: IED Explosion Kills One, Injures Seven on Anka-Bagega Road in Zamfara ( Photos)

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An Improvised Explosive Device (IED) exploded on the Anka-Bagega road on Tuesday, killing one person and injuring seven others.

The blast struck a commercial Volkswagen Golf 3 Wagon carrying passengers travelling from Bagega village to Anka town. One passenger died on the spot, while the seven injured victims are receiving treatment at a primary healthcare facility in Bagega.

The explosion also caused significant damage to the vehicle, sparking fresh security concerns among commuters using the route.

This incident comes barely a month after a similar IED explosion occurred along the same road.

Zamfara State Commissioner of Police, Ahmad Bello, confirmed the attack. He said joint security forces have been deployed to assess the situation, clear the affected area, and restore normalcy on the route.

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