Old-Age Poverty

One of the cheerleader-orga­nizations of Nigeria’s re­cent economic reforms— The World Bank—seems to have turned a turncoat, and raised a worrisome alarm on the rapid growth of extreme poverty in the country. The Bank warned that extreme poverty is growing rapidly in Nigeria and 38 other economies affected by conflict…

In her late 20s, Aleese Lightyear worked in reality TV production and lived in New York City, which she thought was her dream. "At the height of my career in New York, I was probably making $100,000 a year working eight months out of the year, which on paper sounds…

In many parts of Nigeria, when night falls, darkness takes over. Millions of families still rely on candles, kerosene lamps, or even firewood for lighting and cooking. For businesses, power cuts are so common that many rely on noisy, expensive generators to keep going. The lack of reliable electricity is…

Nigeria’s economy may be expanding, but millions of its citizens especially in rural areas aren’t feeling the impact as a result of poverty. In 2024, the country recorded a 3.4% GDP growth, its strongest performance since 2019 (aside from the COVID-19 rebound in 2021).  Yet, rather than lifting people out…

Eurochild’s vision for the upcoming EU Anti-Poverty Strategy . Despite the commitments made under the European Pillar of Social Rights Action Plan, the EU is not on track to meet its 2030 target of reducing by at least 5 million the number of children at risk of poverty or social…

Eurochild member Bertelsmann Stiftung highlights several urgent concerns and recommendations to strengthen the implementation of the European Child Guarantee. A strategic response to tackle poverty is missing The AROPE index stands at 22.9% in Germany, underscoring the enduring nature of child poverty. Bertelsmann Stiftung welcomes that Germany has committed towards…

Child-related social benefits have lifted more than 150,000 children out of poverty in Ireland, according to the Economic and Social Research Institute (ESRI). It found Ireland’s current system of offering child-related cash and in-kind benefits had reduced child poverty and deprivation, bringing an estimated 157,000 children out of income poverty…

Member of the Lagos State House of Assembly representing Ifako-Ijaye 1, Hon. Temitope Adewale, has commended President Bola Tinubu for his efforts at reducing poverty in the country. The lawmaker noted that President Tinubu’s administration’s effort to reduce poverty in Nigeria is yielding results as economic indices point to the…

Lagos lawmaker, Hon. Temitope Adedeji Adewale, has said that the President Bola Ahmed Tinubu administration’s effort to reduce poverty in Nigeria is yielding results as economic indices point to the country’s steady growth. Hon. Adewale, a member of the Lagos State House of Assembly, said that this in a personally…

Planning your holiday getaway? Invest RM100 with Versa & grab RM10 FREE to kickstart your travel fund. Use VERSAMM10 now! Sunday, 08 Jun 2025 3:53 PM MYT JUNE 8 — Malaysia has stepped up efforts to reduce poverty in recent years through targeted social protection programmes, particularly those aimed at…