Nigerians need escape route from poverty - Punch Newspapers

ON a day dedicated globally to mitigate the prevalence of poverty, the lofty hope that Nigerians might benefit from the ideals behind the International Day for the Eradication of Poverty remains faint. As of 2019, 1.3 billion people worldwide lived in multidimensional and persistent poverty, the United Nations, which earmarks October 17 annually as the poverty eradication day globally, disclosed.

The Brookings Institution and the World Poverty Clock put the number of Nigeria’s extremely poor at 87 million of the population. This dwarfs the population of South Africa, Namibia, Botswana, Lesotho, Mauritius and Eswatini combined. But India, seven times the population of Nigeria, saw its poor population decline to 73 million at that stage. India achieved this by lifting 44 people out of poverty per minute. In 2021, 3.

To the credit of the President, Major-General Muhammadu Buhari , he promised that his regime would lift 100 million Nigerians out of poverty within 10 years . Indeed, through the conditional cash transfer programme, the regime impacted 12 million lives. Before the full benefits could be realised, however, COVID-19 set in and reversed the gains; the World Bank said 10.9 million Nigerians reverted to extreme poverty because of the pandemic.

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