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Nigeria Overtakes India in Number of People Living in Abject Poverty

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  • Nigeria Overtakes India in Number of People Living in Abject Poverty

    Nigeria Overtakes India in Number of People Living in Abject Poverty

    Nigeria has overtaken India as the nation with the highest number of people living in abject poverty, a report by Brookings Institution has shown.

    This latest information was made known by TheCable.

    According to the report, the number of Nigerians in extreme poverty increases by six people every minute, TheCable reported.

    “According to our projections, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number 2 spot,” it read, as made available by TheCable.

    “At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million. What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall.

    “In fact, by the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there is today.

    “Africans account for about two-thirds of the world’s extreme poor and that If current trends persist, Africa will account for nine-tenths by 2030.

    “Fourteen out of 18 countries in the world—where the number of extreme poor is rising—are in Africa.”

    In March, the International Monetary Fund had said Nigerians are getting poorer saying there is a need for coherent and comprehensive economic reforms, the news site concluded.
    Last edited by Paul Iregbenu; 06-26-2018, 02:16 PM.
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