World Bank's report says 87% of poor Nigerians are in the north

World Bank's report says 87% of poor Nigerians are in the north

- World Bank's report has said that about 87% of poor Nigerians are in the north

- The report says that almost half of all poor people in the northern part of the country are from the northwest

- According to the report, the south-south zone recorded the most significant drop in poverty in five years

A report by the Cable news indicates that the World Bank has estimated that 87% of all the poor in Nigeria are in the north.

Legit.ng gathered that the Bretton Wood institution said in a report titled, ‘Advancing social protection in a dynamic Nigeria’, that the south-south zone recorded the most significant drop in poverty between 2011 and 2016.

According to the report, poverty in the northern regions of the country has been increasing especially in the northwest zone, adding that almost half of all poor lived in the northwest and the north accounts for 87% of all poor in the country in 2016.

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"Poverty was significantly higher in rural areas of the country in 2016. An estimated 64 per cent of all poor lived in rural areas and 52 % of the rural population lived below the poverty line in 2016. In contrast, the poverty rate in urban areas remained stable at 16 per cent between 2011 and 2016," he said.

Comparing Nigeria to the rest of the West African region, the World Bank said poverty reduction has been less responsive to economic growth.

World Bank's report says 87% of poor Nigerians are in the north

The World Bank
Source: UGC

“Despite being a middle-income economy, Nigeria fares astonishingly poorly in poverty and human capital-related outcomes," it said.

The World Bank said Nigeria spends 0.6% of its GDP on social safety net programmes which contrasts with the objectives of the economic recovery and growth plan and despite evidence that links cash transfer programmes to improve human capital.

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The data released by the National Social Safety Nets Coordinating Office (NASSCO) showed that a total of 5,433,394 Nigerians are now beneficiaries of the conditional cash transfer programme.

Meanwhile, Legit.ng had previously reported that the federal government sought the approval of the Nigerian Senate for concessionary external borrowing of $22.8 billion through the minister of finance and national planning, Zainab Ahmed.

The minister appeared before the Senate committee on local and foreign debts on Tuesday, February 4.

Recall that eight months ago, the Federal Executive Council approved the financing of the Gurara Hydro Power Project II by the Forum on China-Africa Cooperation to the tune of $1billion.

The minister of water resources, Alhaji Suleiman Adamu disclosed this when he briefed State House correspondents at the end of the council’s meeting, which was presided over by President Muhammadu Buhari.

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In another report, the presidency clarified that President Muhammadu Buhari never promised to make his assets declaration public.

This was revealed by presidential spokesman, Femi Adesina, at a book launch in Abuja on Tuesday, February 11.

Adesina was responding to the position of Bishop Matthew Kukah who was the guest speaker at the event.

Meanwhile, the leadership of the Miyetti Allah gave reasons for being against the security outfit - Amotekun - recently launched in the southwest.

Reacting to the launch of the outfit, the president of the Miyetti Allah in Bauchi state, Sadiq Ahmed, alleged that the aim of forming the security outfit was to flush out the Fulani tribe from the southwest region.

It was reported that Ahmed said Amotekun also lacked the legal framework needed for it to operate as a security outfit in Nigeria.

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Source: Legit.ng News

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