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133m poor Nigerians: SERAP asks Buhari to probe spending on ‘social intervention programmes’
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari 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) shows 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.
In the letter dated 19 November 2022 and signed by SERAP deputy director Kolawole Oluwadare, 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.”
SERAP also said, “Your government has legal obligations to effectively and progressively address and combat extreme poverty as a matter of human rights.”
SERAP said, “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.”
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 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% of the poor (86 million people) live in the North, while 35% (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% 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 clean energy. High deprivations are also appeared nationally in sanitation, time to healthcare, food insecurity, and housing. Half of all poor people are children.”
The Securities and Exchange Commission (SEC) has explained why it directed capital market operators to immediately refund funds collected from investors in connection with a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE.
In a public notice issued on Tuesday, the Commission revealed that it had observed the circulation of advertisements, flyers, digital banners, and electronic messages across social media and investment platforms inviting members of the public to invest in the refinery through an alleged IPO.
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According to the SEC, the purported offer has not received regulatory approval, as the Commission has neither received nor approved any application from Dangote Petroleum Refinery & Petrochemicals FZE for a public offering.
The regulator expressed concern that some registered capital market operators were actively promoting the unapproved offer and soliciting subscriptions from prospective investors.
Explaining the reason for its directive, the SEC stated that the campaign was misleading and amounted to market manipulation capable of creating false expectations among investors and undermining confidence in Nigeria’s capital market.
The Commission noted that invitations encouraging members of the public to open accounts, pre-fund investments, or reserve guaranteed share allocations for the alleged IPO violate provisions of the Investments and Securities Act as well as existing market regulations.
As a result, the SEC ordered all registered operators, including stockbrokers and promoters of digital investment platforms, to immediately cease all advertising and promotional activities relating to the purported offer.
The Commission further directed operators to remove all related promotional materials from their websites, social media pages, and other communication channels within 24 hours.
In addition, firms were instructed to stop accepting deposits, investment commitments, account registrations, or expressions of interest linked to the alleged public offering.
To protect investors from potential losses, the SEC ordered any operator that had already collected funds in connection with the purported IPO to refund such monies within 24 hours.
The regulator warned that any operator that fails to comply with the directive risks facing sanctions under the Investments and Securities Act 2025 and the SEC Rules and Regulations.
The Commission also advised Nigerians to rely only on information released through approved regulatory channels and to ignore unofficial promotional campaigns or investment solicitations concerning the refinery.
SEC added that if Dangote Petroleum Refinery & Petrochemicals FZE eventually decides to proceed with a public offering and secures regulatory approval, an authorised prospectus will be published in line with the law.
The directive comes amid reports that the Dangote Group is considering listing a 10 per cent stake in its $20 billion refinery through a Pan-African IPO expected in 2026.
Dangote Petroleum Refinery has strongly dismissed allegations that its petroleum products are exported to Lomé, Togo, and later re-imported into Nigeria, describing the claims as a “tissue of lies” and lacking both factual and commercial basis.
In a statement released by its management on June 23, 2026, the refinery said the allegations were not supported by available trade flows or commercial logic, insisting that reports suggesting its products are routed through Togo before returning to Nigeria are false.
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The company stated that although it typically avoids responding to what it described as baseless and unsubstantiated claims, it was compelled to address the issue to set the record straight and preserve the facts for posterity.
“As a matter of policy, we do not respond to baseless and unsubstantiated claims, given our current determination and focus in ensuring energy security in Nigeria and Africa as a whole. However, we have decided to clear the air on these ill-motivated web of falsehoods for posterity,” the statement read.
Dangote Refinery said one of its primary objectives is to maintain and strengthen its position as a leading supplier of refined petroleum products in Nigeria, noting that facilitating imports that directly compete with its own products would contradict its business goals.
According to the company, its sales contracts and tender agreements expressly prohibit buyers from reselling or re-importing products into Nigeria.
The refinery further argued that the economics of such a trade arrangement make no sense.
It explained that transporting petroleum products from the refinery to Lomé and subsequently back into Nigeria would cost between $82 and $90 per metric tonne, significantly reducing profitability and making such transactions commercially unattractive.
It added that it does not provide export discounts large enough to offset those logistics costs or create any viable arbitrage opportunity between export and domestic markets.
“Simply put, there is no evident commercial incentive for a producer to incur additional shipping, storage, financing and handling costs only for the product to return and compete in its largest and closest market,” the company said.
Dangote Refinery also highlighted its strict product traceability and compliance measures, revealing that it maintains detailed records of all product sales, including lifting locations, nominated vessels, counterparties and destination declarations where applicable.
The company maintained that any suggestion it knowingly facilitates the re-importation of its products is inconsistent with its contractual restrictions and established compliance procedures.
Reaffirming its commitment to Nigeria’s energy independence, the refinery said it has consistently advocated for reducing the country’s dependence on imported petroleum products, warning that increased imports undermine local refining efforts, place pressure on foreign exchange reserves and weaken domestic industrial development.
“It would therefore be inconsistent with both the refinery’s commercial interests and its publicly stated position to support or encourage practices that increase imports into Nigeria,” the statement added.
The refinery concluded that there is neither a strategic rationale nor a commercial incentive for it to export products to neighbouring countries for subsequent re-importation into Nigeria, stressing that the allegations are not supported by the economics of the trade, contractual arrangements, product traceability records or its long-standing commitment to strengthening domestic refining capacity.
France has confirmed its first-ever case of Ebola virus disease, triggering concern across Europe as health authorities move swiftly to contain the deadly infection.
The French Health Ministry announced on Wednesday that a doctor returning from the Democratic Republic of Congo (DRC), which is currently battling a major Ebola outbreak, tested positive for the virus after arriving in France.
SEE ALSO: Fresh Ebola Alert: Lagos Tightens Airport Surveillance as Virus Threat Looms
According to officials, the patient was immediately isolated upon arrival, even before laboratory tests confirmed the diagnosis, helping to reduce the risk of transmission.
In a statement, the ministry confirmed the identification of “a first positive case of Ebola virus disease on national territory,” marking the first time the virus has been detected in France.
The development also represents the first confirmed Ebola case recorded outside Africa during the current outbreak, which has affected both the Democratic Republic of Congo and Uganda.
French authorities disclosed that the case was detected in mainland France, while Prime Minister Sebastien Lecornu is closely monitoring the situation as health agencies intensify surveillance and response measures.
The current outbreak in the DRC was officially declared on May 15 following a series of unexplained deaths in the eastern Ituri Province.
The outbreak involves the Bundibugyo strain of the Ebola virus, for which there is currently no approved vaccine or specific treatment.
Despite growing concerns, public health experts have stressed that the risk of widespread global transmission remains low because Ebola is less contagious than many airborne infectious diseases.
The virus spreads through direct contact with infected bodily fluids and contaminated materials.
Ebola is a severe and often fatal haemorrhagic fever that can cause symptoms including high fever, weakness, muscle pain, vomiting, diarrhoea, and in severe cases, internal and external bleeding.
French health authorities have assured the public that all necessary precautions are being taken to contain the case and prevent any further spread of the disease.
The announcement has nevertheless sparked anxiety across Europe, given the deadly nature of the virus and its emergence outside the African continent during the ongoing outbreak.
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