About 100 million Nigerians live in destitution, the World Bank has said.

The World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, said this at the bank’s Country Programme Portfolio Review in

Enugu on Tuesday.

She said that the bank’s ongoing commitment to Nigeria stood at $5.34bn. According to the World Bank boss, the number of Nigerians

living in destitution makes up 8.33 per cent of the total number of people living in destitution all over the world, which the bank plans to

reduce drastically by 2030.

She said, “1.2 billion people live in destitution out of which 100 million are Nigerians. Inequality is rising in many developing nations.

“For this reason, the World Bank’s corporate perspective has shifted more strategically in the past year. The World Bank wants to galvanise

international and national support around two goals: to end extreme poverty in a generation and to push for greater equality.

“To end extreme poverty, the World Bank Group’s goal is to decrease the percentage of people living on less than $1.25 a day from 20 per

cent today to three per cent by 2030.

“The goal is to promote income growth of the bottom 40 per cent of the population in each country. In Nigeria, 63 per cent of the population

live on less than $1.25 a day.”

Marie-Nelly said although the World Bank was the largest overseas development agency that provided assistance to Nigeria, the contribution

of the organisation to the country was very small compared to the budgets of the states and the Federal Government.

She said if the World Bank’s small assistance could produce so much result because of effective implementation and monitoring, the

revenues accruable to the country could do much more if they were similarly utilised.

Giving a more graphic picture of the World Bank’s credit to Nigeria in relation to revenues accruing to the nation, Marie-Nelly said while the

bank’s total commitment to Nigeria amounted to $4.67bn by 2012, the budget of the states and Federal Government amounted to

$64.05bn in the same year.

She said the World Bank’s portfolio amounted to $5.34bn as of June 2013, while the budget of the Federal Government alone for 2013

amounted to $31.17bn.

She said the bank had shifted from being Federal Government centric to a more balanced federal and state level support.

She said the annual Country Programme Portfolio Review, which the bank undertakes with various governments, was necessary to assess

the progress in achieving the development objectives as well as the quality of implementation of the projects.

Where do they get this fvcking stats!

150 million europians might commit sucide in 2013.....#report

emmanuelson20: About 100 million Nigerians live in destitution.

Really!

.

Omg!!!

Nigerians are really suffering.

iterator25: Where do they get this fvcking stats!

Google it.

Our governments only care about their pockets.

What ever the true numbers are one thing is clear. Things are bad in Nigeria.

trash stats.

Somebody will be in his/her office and give us trash stat, without even doing some research.

More reason to borrow more from world bank to embezzle in the name of housing for all.

What else is the motive for world bank report of this nature if not to grant more loans and aids?

How did they get their statistics?
Must we stomach it bc its from world bank.
I know for sure that in my state(anambra) something like that doesn't exist.
So where r the 100 million pple located?

Another capitalist project in d making.
And our gulliable leaders will second!

Whether you believe the stats are true or not, it's clear millions of Nigerians are suffering everyday.

Another garbage from World Bank! Why not say ALL NIGERIANS live in DESTITUTION, definitely, I am not part of that '100 Million Nigerian' Pure Rubbish from World Bank!

yellowpawpaw: How did they get their statistics?
Must we stomach it bc its from world bank.
I know for sure that in my state(anambra) something like that doesn't exist.
So where r the 100 million pple located?

Another capitalist project in d making.
And our gulliable leaders will second!

so because the 100 million isn't in ur immediate environment it makes d report a lie, Nigerians lyk deceiving themselves

This gvt can't get more clueless. When a published world bank report claimed that Nigeria is one of world's fastest growing economy, our dunce govt were quick to congratulate demselves for a job well done. But now that the same world bank claimed over 100million nigerians are below the poverty line, d govt is quick to blame APC for the unfavourable report. Pls own up and clean ur mess.

WORLD BANK MAY JUST BE THE OFFSHOOT OF APC.
OR OFFSHOOT OF APC SYMPATHIZERS.

I KNOW THAT ANYONE WHO FAILED TO SHOUT HOSSANA OF GOODLUCK IS AN APC APOLOGIST.
ISN'T THAT WHAT THEY SAID?

IT IS A PITY THAT THIS NATION MADE MANY OF HER CITIZEN NOT TO BE PROUD OF HER.
WHEN PEOPLE SAYS, OUR PROBLEM IS CORRUPTION, THE OGAS AT THE TOP WILL SAY THE OPPOSITE.

IT IS EITHER NIGERIANS ARE THE DUMMY OR IT IS THEIR OGA AT THE TOP.

Why do World bank keep lending or giving these governments money when the country conditions seems to remain the same or worse?

No matter the money these Nigerian Government get, they would do nothing but save it for themselves.

I 8 statistics

Can the world bank provide us with the factual or actuall population of Nigeria, if they were able to determine the actual number living in poverty.