Nigeria has overtaken India as the country with the most people in extreme poverty. For context, India has 5 times the population of Nigeria.

According to World Bank standards, living in extreme poverty is living on less than $1.90 (N680) per day. People living in extreme poverty are unable to meet even the barest minimal needs for survival.

In 2015, the UN set up the Sustainable Development Goals, and the first of them is to “eradicate extreme poverty for all people everywhere by 2030”.

However to achieve this globally, 90 people need to leave poverty every minute to eradicate poverty totally by 2030; and to achieve this in Africa, 57 people have to leave every minute; and in Nigeria, 12 people per minute.

As you can imagine, this is not the case. In fact the opposite is the case. On the average, 9 people are entering extreme poverty every minute, and Nigeria and the Democratic Republic of Congo are both responsible for the 9. And individually, Nigeria has about 7 people going into poverty every minute.

For Nigeria, this is due to many reasons, first of all, population. Nigeria’s population is growing faster than its economy. Between 1990 and 2013, Nigeria’s population increased by 81 percent. And by 2050, according to the UN, Nigeria will be third most populous country in the world. Only behind India and China.

And while poverty is billed to wildly increase in 2018, the IMF projects Nigeria’s GDP to rise by only 0.8 percent in 2018, after the 2016 recession slowed down the economy. Nigeria’s 2018 record budget (which President Buhari stood for 69 minutes to present, this was news for some reason) is running on a deficit, and will be funded by much borrowing with government debts already on the rise.

On the contrary, in recent times, Nigeria’s recent dwindling oil wealth due to the global oil price reduction, with oil being the mainstay of its economy, meant its oil-dependent GDP was affected too. The country’s economy was hit hard by the recent recession in the country.

This is not unexpected though. High rate of unemployment, corruption, the lack of basic amenities, difficulty in doing business and now, millions living in poverty? It’s just another Friday in Nigeria.

https://www.informationng.com/2018/02/nigeria-overtakes-india-country-people-extreme-poverty.html

Something must be done NOW NOW NOW.

Buhari and bad luck

Tapout:
Lol.. Na the kind record our government dey break. Smh

Lol
Is this even supposed to be funny?!
This thread along with 'lol' doesn't go together AT ALL!!
It's just like sand and garri mixed together !!

You guys voted for change, enjoy your poverty

Buhari is a disaster

it's alright. writing will not change things, until we raise up and do something. my people perish because of lack of knowledge not resources.let the wise understand

Thunder fire Buhari and all his zombie supporters

Buhari is a monumental failure ---Wole Soyinka

It is a shame...

I doubt the growing index here because Nigeria rate of birth has reduce drastically due to Buhari bad economic policy.

Thanks to the clueless, WAECless, and visionless man from Daura!

And the government and its sycophant are saying that Nigeria is out of recession. Thunder fire them.Ndi oshi.

Check my profile and you will be glad you did ...

Nigeria is cursed to have elected Buhari. The only reason he was voted for was to fight corruption and purge the North of Boko Haram insurgent which he has failed faced down only to worsen the economic situation of average Nigerian by slow decision making with his gang of clueless voodoo economist. GEJ was not the best Nigeria had to offer but better than direction less administration if Buhari.

The terrorist led party should add that to their achievements.They are tired of blaming Jonathan.

Nigeria is a zoo

Buhari is a terrorist

They will take over your land and impose sharia using cows as excuse

Nigeria will never develope ----> Quote me anywhere

Divide the zoo Nigeria now and let every region manage their future and developement

The people who support the evil of this govt and the devil buhari , may God treat your life and that of your children like its treating Nigeria

The ZOO Nigeria is a State sponsor of terror

The sooner the EU and US stops issuing visa to Nigerians, the better

Buhari you MUST continue. By God almight, you'll win that 2019 election and continue.

They must enjoy that change and body odor they screeched and insulted "5%" for. Abi, igbos were "short sighted and not politically sophisticated to see the messiah buhari is." Thank you.

Well those long sighted mofo must enjoy that sai buhari. It's a must!!! Sai buhari!!

ChangetheChange:
Buhari is a disaster

bro abeg drop me ur whatsapp contact or inbox me @nwaokeleme23@gmail.com ..av got some deal..dont know how to message sm1 direct on nairaland...

Nigerians are enjoying their chain-ge

But, on a serious note, Nigeria has been leading the pace in terms of negative news and poor ratings.


The gworo chewing bigot in Aso rock is cursed, his hands is stained with the blood of the innocents.

Bubu is a catastrophe,and a mistake to Nigeria.

Were you daftgerians thinking an abooki presidiot will ever make your country prosper?

You want a bushman abookis who enjoys seeing poverty everywhere to rule you yet you want progress? Have you ever seen a abooki progressive in your miserable lives.
God must continue to punish the zoo with abooki Fulani presidiots until it capitulates naturally. Insha Allah!

Buhari has broken all available bad record. A man who claims to be investing heavily in Agriculture yet allows Fulanis to kill farmers and destroy their farms must be a very confused man.

Zoo country.

Congrats Buhari and APC for another mile stone achievements

Buhari been putting Nigeria in the wrong book since 1984
Somebody sai baba