General
SERAP Asks Buhari to Investigate Poverty Alleviation Programmes
By Adedapo Adesanya
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to investigate his administration’s poverty alleviation programmes following the disclosure that over 130 million Nigerians are multidimensionally poor.
In a letter dated November 19, 2022, and signed by SERAP deputy director, Mr Kolawole Oluwadare, the organisation charged the president to “promptly set up a presidential panel of enquiry to thoroughly, impartially, effectively and transparently investigate spending on all social safety nets and poverty alleviation programmes and projects executed between 2015 and 2022.”
SERAP also urged him “to ensure the findings of any such investigation are widely published, and suspected perpetrators of corruption and mismanagement of public funds meant to take care of the poor should face prosecution as appropriate, if there is sufficient evidence, and any stolen public funds should be recovered.”
A recent report by the National Bureau of Statistics (NBS) showed damning revelations that some 133 million Nigerians are poor, despite the government reportedly spending N500 billion yearly on ‘social investment programmes.’ Half of all poor people in the country are children.
The organisation said, “The report suggests a grave violation of the public trust and the lack of political will to genuinely address poverty and uphold your government’s constitutional and international human rights obligations.”
SERAP said, “The report that 133 million Nigerians are poor suggests corruption and mismanagement in the spending of trillions of naira on social safety nets and poverty alleviation programmes, including the reported disbursement of over $700 million from the repatriated Abacha looted funds to these programmes.”
“Your government has legal obligations to effectively and progressively address and combat extreme poverty as a matter of human rights.”
“The failure to address extreme poverty has resulted in high levels of inequality, and serious violations of economic and social rights of Nigerians, particularly the socially and economically vulnerable sector of the population,” it added.
The letter, copied to Mr Olivier De Schutter, UN Special Rapporteur on extreme poverty and human rights, read in part: “These grim revelations by the NBS show the failure to fulfil your oft-repeated promise to lift 100 million Nigerians out of poverty, and that no one will be left behind.
“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our request in the public interest.
“The report also shows that the purported social safety nets and poverty alleviation programmes are clearly not working. It also shows a failure by your government to uphold the constitutionally and internationally guaranteed human rights of the Nigerian people.
“SERAP also urges you to prioritise investment in quality education and healthcare and to redirect some of the unnecessary spendings in the 2023 budget, such as spending by the presidency on feeding and travels, and money allocated to the National Assembly in the budget to address poverty as a human rights issue.
“A supplementary appropriation bill, which reflects the proposed redirected budget, should be urgently sent to the National Assembly for its approval.
“Your government has a sacred duty to ensure transparency and accountability in the spending of the country’s resources, including the spending of public funds on social safety nets and poverty alleviation programmes and projects.
“Section 14(2)(b) of the Nigerian Constitution of 1999 [as amended] provides that, ‘the security and welfare of the people shall be the primary purpose of government.’
“Under Section 16(1)(a)(b), your government has the obligations to ‘harness the resources of the nation and promote national prosperity and an efficient, a dynamic and self-reliant economy’, and to “secure the maximum welfare, freedom and happiness of every citizen.
“Nigeria has also ratified the African Charter on Human and Peoples’ Rights and the International Covenant on Economic, Social and Cultural Rights, which recognize legally enforceable economic and social rights, such as the rights to education, health, safe food and clean water, security, and shelter.
“Allegations of corruption in social safety nets and poverty alleviation programmes pose both direct and indirect threats to human rights and contribute to extreme poverty in the country.
“Nigerians have the right to be free from poverty. Extreme poverty is the greatest denial of the exercise of human rights, as it denies millions of Nigerians not only their economic and social rights but also civil and political rights such as the rights to life, human dignity, and political participation.
“Political freedom and participation are closely related to human development. Without economic and social rights, people cannot effectively enjoy their political freedom. Therefore, effectively and progressively addressing poverty would improve the ability of Nigerians to exercise their political freedom and to have choices in life.
“Successive governments have systematically neglected social and economic rights and failed to address severe poverty and inequality in the country.
“Part of the problem is the failure by your government to promote the legal recognition of economic and social rights in the Nigerian Constitution, which would allow people living in poverty to seek redress for violations of their human rights.
“The allegations of corruption and mismanagement in the spending of public funds on social safety nets and poverty alleviation programmes and projects would clearly amount to a fundamental breach of national anticorruption laws and the country’s international anticorruption obligations.
“Investigating and prosecuting the allegations and recovering any stolen public funds would serve the public interest.
“SERAP notes that the consequences of corruption are felt by citizens on a daily basis. Corruption exposes them to additional costs to pay for health, education and administrative services.
“Corruption undermines the economic development of the country, trapping the majority of Nigerians in poverty and depriving them of employment opportunities.
“The 2022 Multidimensional Poverty Index (MPI) Survey reveals that 65 per cent of the poor (86 million people) live in the North, while 35 per cent (nearly 47 million) live in the South. Poverty levels across States vary significantly, with the incidence of multidimensional poverty ranging from a low of 27 per cent in Ondo to a high of 91% in Sokoto.
“The NBS also shows that over half of the population of Nigeria are multidimensionally poor and cook with dung, wood or charcoal, rather than cleaner energy. High deprivations are also apparent nationally in sanitation, time to healthcare, food insecurity, and housing. Half of all poor people are children.”
General
Nigeria’s New Alphanumeric Postcode System to Launch October 1
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
General
Tinubu Directs Finance Minister to Give Reforms Scorecard to Nigerians
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
General
NNPC, Agip Intensify Efforts to Develop 500m-Barrel Deepwater Assets
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.


