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Nigeria overtakes India as world’s poverty capital – Report

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

Before now, India used to hold the position with a population of 1.324 billion people as against Nigeria’s 200 million.

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

“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.

“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.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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