News
100 million Nigerians are poor
The Nigerian National Bureau of Statistics has disclosed that about 100 million Nigerians are poor out of a population of 168 million people. In a report released Monday, it said that those who can afford only the bare essentials of food, shelter and clothing – rose to 60.9 per cent in 2010, compared with 54.7 per cent in 2004.
Although Nigeria’s economy is projected to continue growing, poverty is likely to get worse as the gap between rich and poor in the country continues to widen. “It remains a paradox … that despite the fact that the Nigerian economy is growing, the proportion of Nigerians living in poverty is increasing every year,” Statistician General Yemi Kale told reporters in the capital Abuja. NBS estimates that this trend may have increased further in 2011 if the potential positive impacts of several anti-poverty and employment generation intervention programmes are not taken into account,” Kale said.
[ad]
-
Oil and Gas2 days agoNUPRC vows not to approve divestments that doesn’t meet considerations
-
Oil and Gas2 days agoIran eases Strait of Hormuz transit rules amid oil shock
-
Finance2 days agoCardoso seeks collaboration to check cross‑border financial risks
-
Oil and Gas1 day agoCourt orders forfeiture of $13m linked to Aisha Achimugu’s firm
-
Oil and Gas1 day agoOil falls as reports of 15-point proposal spurs ceasefire hopes
-
Economy1 day agoNigeria to launch trade platform at ports as part of reform push
-
Finance1 day agoCourt nullifies CBN’s regulatory intervention in Union Bank in 2024, rules it acted beyond its powers
