100 million Nigerians live in destitution – World Bank

Posted by admin Headlines Wednesday, November 13th, 2013

About 100 million Nigerians live in destitution, the World Bank has said.
World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, who said this at the bank’s Country Programme Portfolio Review in Enugu on Tuesday, also disclosed that the bank’s ongoing commitment to Nigeria stood at $5.34bn.
According to the World Bank boss, the number of Nigerians living in destitution makes up 8.33 per cent of the total number of people living in destitution all over the world which she said the bank aimed to reduce drastically by 2030.
She said, “One billion two hundred thousand people live in destitution out of which 100 million are Nigerians. Inequality is rising in many developing nations.
“For this reason, the World Bank’s corporate perspective has shifted more strategically in the past year. The World Bank wants to galvanise international and national support around two goals: to end extreme poverty in a generation and to push for greater equality.
“To end extreme poverty, the World Bank Group’s goal is to decrease the percentage of people living on less than $1.25 a day from 20 per cent today to no more than three per cent by 2030.
“To promote shared prosperity, the goal is to promote income growth of the bottom 40 per cent of the population in each country. In Nigeria, 63 per cent of the population live on less than $1.25 a day.”

-Punchwp_posts