Locally, the indices and reflections of poverty are glaring, particularly in the aftermath of the general elections, and as reflected in rising tension across the land. To ignore these signs is to take the country’s capacity to collapse economically for granted.
According to the National Bureau of Statistics , four out of 10 Nigerians had real per capita expenditures of less than about $300 in 2019, which translates to about 83 million people considered poor by national standards. Latest data however show that almost two-thirds of Nigerians are multi-dimensionally poor, suffering deprivation along the dimensions of well-being .
“Nigeria has a choice to implement critical macroeconomic and structural reforms that can reduce crisis vulnerabilities and increase growth. Doing so will lift per-capita incomes, sustainably reduce poverty and deliver better life outcomes for many Nigerians”, said Shubham Chaudhuri, World Bank Country Director for Nigeria.
How does one arrest poverty without arresting corruption? they are siblings you need to start the arrest from the DNA.
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