Nigeria One Of The Poorest Countries In The World, Over 80m Living Below Poverty

A United Nations, UN, report on Nigeria’s Common Country Analysis, CCA, has described the country as one of the poorest and unequal country in the world, with over 80m of her population living below poverty line.

This was as the report revealed that the country was deeply divided on the basis of plurality of ethnic, religious and regional identities.

The report was made public during a consultative meeting on the formulation of the UN Development Assistance Framework IV (UNDAF IV) for the South East geo-political zone in Awka.

According to the report, some part of Nigeria had at different times expressed feelings of marginalization, short changed, dominated, oppressed, threatened, and even targeted for elimination.

The report read in part: “Nigeria, with a population of over 175 million, is the most populous nation in Africa and the seventh most populous in the world. Her population will be approximately 200 million by 2019 and over 400 million by 2050, becoming one of the top five populous countries in the world.

“Nigeria is one of the poorest and most unequal countries in the world, with over 80 million or 64% of her population living below poverty line. The situation has not changed over the decades, but is increasing. Poverty and hunger have remained high in rural areas, remote communities and among female –headed households and these cut across the six geo-political zones, with prevalence ranging from approximately 46.9 percent in the South West to 74.3 percent in North West and North East.

“In Nigeria, 37% of children under five years old were stunted, 18 percent wasted, 29% underweight and overall, only 10% of children aged 6-23 months are fed appropriately based on recommended infant and young children feeding practices.

“Youth unemployment which is 42% in 2016 is very high, creating poverty, helplessness, despair and easy target for crime and terrorism. Over 10 million children of school age are out of schools with no knowledge and skills.

“Nigeria’s economy is currently in a recession and it is estimated that government revenues have fallen by as much as 33 percent, which has further resulted in the contraction of the Gross Domestic Product, GDP, by 0.36 percent in the first three months of 2016.

“The vulnerable macroeconomic environment in Nigeria is affecting investors’ confidence in the domestic economy. ‎

“Despite the fact that Nigeria is a signatory to a number of protocols on sustainable and renewable environment, the country had, over the decades, failed to protect the environment, ecosystem and natural resources.

“Over-exploitation of natural resources and pollution of the environment, desertification are exposing the population to vulnerability and risks caused by climate change, among others.

“Nigeria is well-endowed with forest resources, accounting for 2.5% of GDP. But Nigeria has one of the highest rates of forest loss in the world. Between 1990 and 2000, Nigeria lost an average of 409,700 hectares of forest per year on average deforestation rate of 3.5% per annum

Source:

http://dailypost.ng/2016/09/05/nigeria-one-poorest-countries-world-80m-living-poverty-line-un-report/