Friday, January 15, 2016

120 Million Nigerians Living Below Poverty

While I was reading an interview of a Nigerian professor, I was shocked at the number of people living in poverty in Nigeria. About 120 million Nigerians are living below the poverty line, according to Professor Soludo.
"On Soludo's assessment of the 2016 budget, Osinbajo said far from being a budget based on compassion, as alluded by former CBN governor, the budget was designed to address the plight of over 120 million Nigerians who have been alienated from governance and living below poverty level,"
reported by Iyobosa Uwugiaren for AllAfrica.com. To bring this into perspective, Nigeria has about 173 million people as of the 2013 census. That puts about 53 million above the poverty line. This is absolutely ridiculous. This is what corruption does to a country. The Nigerian economy has been reported as one of the fastest growing economies in Africa and the largest. So who is getting and keeping all the money? There are more unemployed people than there are employed. Even those who have a job are scared that they might lose it. This is so bad because the overall assessment of the economy would show you that only the rich are enjoying the economic growth; thereby becoming richer. While the poor are getting poorer. In my assessment, a country is not really growing until the number of people living above poverty is far more than the number living below it.
President Muhammadu Buhari

The reason that this number was reported is in relation to the recently proposed 2016 budget by President Muhammadu Buhari. Soludo and the vice President; Yemi Osinbajo both agree that the ridiculous amount of money proposed on the 2016 budget would create more jobs and improve the livelihood of Nigerians as a whole. Let's just hope that the money is actually used to create jobs, pay teachers and professors and make life better for the populace of Nigeria in general. I'm still watching closely to see how the current administration would fix the issue of corruption and make Nigeria better for everyone. While I wait, I will also be watching closely.