Copy code below and paste it into your website. Taiwan has ranked last for population below poverty line since 2000. See How To Advertise. "It's time for West African governments to act decisively to strengthen this commitment. Oxfam, an International organisation, has raised the alarm that about 69 per cent the Nigerian population lives below poverty level. Financial Vanguard’s findings from the data obtained from NECA revealed that the total number of people living in extreme poverty in Nigeria now stands at 15 percent of the total number of people living in extreme poverty world-wide. About 82 per cent of the total will be in middle-income countries, the report estimates.”. The National Bureau of Statistics (NBS) recently released the “2019 Poverty and Inequality in Nigeria” report, which highlights that 40 percent of the total population, or almost 83 million people, live below the country’s poverty line of 137,430 naira ($381.75) per year. "The scale of economic inequality in Nigeria has reached extreme levels and it finds expression in the daily struggles of majority of the population in the face of accumulation of obscene amount of wealth by a small number of individuals. Haiti has had the highest population below poverty line since 2002. Do NOT follow this link or you will be banned from the site. "West African governments must promote progressive taxation, boost social spending, strengthen labour market protection, invest in agriculture and strengthen land rights for smallholder farmers. Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa.
(13679 Views), Nigeria To Host 90% Of Extremely Poor By 2030, Says World Bank / Nigeria Has Overtaken India On The List Of Extremely Poor Countries / Nigeria Overtakes India As Country With Highest Number Of Extremely Poor People (2) (3) (4), (1) (2) (3) (4) (5) (Reply) (Go Down), Stop Debasing Nigeria, Apologise, Restore Onnoghen As CJN, ADC Tells Buhari / MURIC Slams Edwin Clark Over Mosque Furore In Delta State / Boko-Haram Kill 13 Persons In Borno, Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10). “It is instructive to note that for every 10 jobs created globally, the private sector creates nine.”, In his own part, Uche Uwaleke, Financial Economist and Professor of Capital Market at Nasarawa State University said: “As a matter of fact, growth in the employment generating sectors of the economy such as agriculture, manufacturing, construction have been slow.
he said. In Q3’18, the unemployment rate rose by 0.4 percentage points to 23.1 per cent from 22.7 per cent in Q2-18, while in Q3-18 it rose by 0.9 percentage points from 21.8 per cent in Q1-18. In 2016 during its first recession in 25 years, the economy contracted by 1.6%. For example, rich nations generally employ more generous standards of poverty than poor nations. (NAN), Netherlands buys 47% of Nigeria’s cocoa – Awolowo, Ruga, politics: Lessons for the North – By Abdulyassar Abdulhamid, Osinbajo assures Lekki shooting victims, others of justice, EndSARS: IGP Adamu Effects Removal of Policemen From VIPs. Usage implies agreement with terms. If you continue to navigate this website beyond this page, cookies will be placed on your browser.
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