With 87m poor citizens, Nigeria overtakes India as world’s poverty capital

T'krm

Superstar
Joined
Jul 10, 2014
Messages
3,554
Reputation
705
Daps
13,436
Reppin
BA DOS Af pr
With 87m poor citizens, Nigeria overtakes India as world’s poverty capital
With 87m poor citizens, Nigeria overtakes India as world’s poverty capital

niola Akinkuotu, Abuja
Poverty1.jpg



Nigeria has emerged as the country with the highest number of poor people in the world, overtaking India.

According to a report by the Brookings Institution, data from the World Poverty Clock show that Nigeria now has over 87 million people living in poverty.


The report adds that six Nigerians become poor every minute.

The National Bureau of Statistics had painted a worse picture in 2016 when it reported that no fewer than 112 million Nigerians live below the poverty line

SEE ALSO: Omotola Jalade-Ekeinde invited to join Oscar voting academy

It reads in part, “According to our projections, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number two.

“At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million.

“What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall.

“In fact, by the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there are today.”

According to Wikipedia, The World Poverty Clock is a tool to monitor progress against poverty globally and regionally. It provides real-time poverty data across countries.


Created by the Vienna-based NGO, World Data Lab, in 2017, it is funded by Germany’s Federal Ministry for Economic Cooperation and Development.

Each April and October, the World Poverty Clock data are updated to take into account new household surveys and new projections on country economic growth from the International Monetary Funds’ World Economic Outlook.

These form the basic building blocks for poverty trajectories computed for 188 countries and territories, developed and developing, across the world.
 

BoBurnz

Superstar
Joined
Dec 21, 2016
Messages
3,499
Reputation
790
Daps
16,169
Shameful :wow: There is no legitimate reason Naija should be so poor. Other than rampant political corruption and greed.
 

Professor Emeritus

Veteran
Poster of the Year
Supporter
Joined
Jan 5, 2015
Messages
51,330
Reputation
19,656
Daps
203,823
Reppin
the ether
We talked about this in a couple threads a year or so ago.

One of the main turning points was when Nigeria chose to become an oil-state rather than building a diverse economy.

States who base their economies on the selling of precious non-renewables (oil, gold, diamonds, other mining etc.) always turn bad in the end. You end up with a ton of money made by a small number of people and enormous opportunities for corruption. Look at just about any primarily-oil or primarily-mining based nation out there, they're always going to be corrupt as hell and unequal as hell with a ton of people in poverty. It's not the way to run a country.

Remember this whenever you see someone start caping for some country to "develop itself" off of drilling more oil, building more mines, or selling off a bunch of precious resources.
 

theworldismine13

God Emperor of SOHH
Bushed
Joined
May 4, 2012
Messages
22,632
Reputation
525
Daps
22,587
Reppin
Arrakis
well, so much for the african century

but probably a better way to say it is that its not poor people per se, its really uneducated people with low literacy rates and low skills
 
Top