The federal government has boasted that it has moved 10.073million Nigerians from poverty to prosperity.

EARLIER in June, the Brookings Institution, an American think-tank research group, published data from the World Poverty Clock which showed that Nigeria, with the latest estimated population of 200 million, had overtaken India (1.32 billion population) as the “poverty capital” of the world. Specifically, it reported that with 87 million people already living below the poverty line, six new people fall into extreme poverty every minute.

Prof. Kenneth Kalu of the Ryerson University Canada has decried the culture of dependency on foreign aid by countries in Sub-Saharan Africa, saying it has done more harm than good to the people.

If young Nigerians after acquiring educational or vocational training are unable to find jobs, there is bound to be an effect on the rate of poverty in the country

Managing Director/Chief Executive Officer of Sigma Pensions, Mr. Dave Uduanu, in this interview talks on challenges of investing part of the pension fund in infrastructure.

Poverty killing us slowly

The reality on ground however is that poverty in Nigeria may have been under reported by the Brookings Institution. All around us we see poverty walking on four legs

PENTECOSTAL Fellowship of Nigeria, PFN, in Cross River State, weekend held a rally around major streets in Calabar to  seek God’s intervention in alleviating the hardship in the  country.

There is still so much hunger, unemployment, poor power supply and insecurity linked to insurgency, herdsmen’s attacks and criminal banditry. A large number of people who operate in the agricultural sector has been displaced and the law-enforcement agents appear unable to cope.

Nigeria has now taken over as the nation with the highest number of extremely poor people, a report by Brookings Institution has shown.