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Nigeria projected to remain poverty capital of the world till 2050 – Sanusi

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Muhammad Sanusi II, the emir of Kano, says Nigeria may remain the poverty capital of the world till 2050 and beyond.

Speaking at his honorary induction into Sigma Club, at the University of Ibadan over the weekend, the former governor of the Central Bank of Nigeria  said based on current realities, Nigeria and DR Congo will house 40 percent of the world’s poorest people by 2050.

The revered economist said he gathered from the just concluded UN General Assembly that current projections show that Africa will be home to 80 percent of the world’s poorest people.

“If every country continues its present trajectory, by 2050, 80 per cent of all the poor people in the world will live on the African continent,” he said.

“That is not the frightening thing. One half of this 80 per cent will be in Nigeria and the Democratic Republic of Congo. Two countries will account for 40 per cent of all the poor people in the world and Nigeria will therefore remain the poverty capital of the world.”

Speaking of what Nigeria used to be, the emir said “this is a country that has produced many great people. This is a country that has boasted of best professors, greatest intellectuals, and the most educated people”.

 

 

– TheCable

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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