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World Bank Indicts Jonathan’s Government. - Politics (3) - Nairaland

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Ministerial Screening: Fashola Indicts Himself Before The Senate / Insurgency War: Cameroun Indicts Jonathan-the Sun / Insurgency War: Cameroun Indicts Jonathan (2) (3) (4)

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Re: World Bank Indicts Jonathan’s Government. by proudlyme(m): 12:28pm On Jun 12, 2013
Pataki: How can the World Bank say this?!

Have they not seen that 1.2million jobs has been created by the mining sector?

Have they not seen that our legislators are the most paid in the world?

Which President can boast of a billion naira food budget?

Why must all these scamming agencies continue to pull down the hard-stealing efforts of Jonathan and his crooks? Why why why?!!!

the truth is finally out.
Re: World Bank Indicts Jonathan’s Government. by thelastPope(m): 12:28pm On Jun 12, 2013
Dagoma: This means that the rich are getting richer to the detriment of the poor which indicates that level of corruption has gone very high. If this is allowed to continue for the next five years, many neighbouring countries like Cameroon, Togo, Benin Republic and even Niger/Chad will receive migrants from the Giant of Africa and the most populous black nation in the world. May God help us.

You lot are just funny. Poverty rates are increasing the world over. The world is on the verge of another major recession. Italy, France, Spain, Greece are already in the mud. Now the ever strong Germany and the UK are on the edge, yet you open a thread claiming poverty is increasing in Nigeria and that it is an indictment on GEJ? grin grin grin


Comedy central!
Re: World Bank Indicts Jonathan’s Government. by VoodooDoll(m): 12:28pm On Jun 12, 2013
I dey laugh oh !

When I showed stats stating exactly the same thing, the 40 laptop crew descended. Now the World Bank has exposed the cluelessness of GEJ and goons on the World Stage...

Here you are!

https://www.nairaland.com/1309340/gejs-report-card-high-debt
Re: World Bank Indicts Jonathan’s Government. by proudlyme(m): 12:29pm On Jun 12, 2013
oyb:

this actually does sound like something we would get from team gej cheesy cheesy cheesy

okija, your guy to dey f up
Re: World Bank Indicts Jonathan’s Government. by Nobody: 12:29pm On Jun 12, 2013
[s]
anonimi:
That should not be so difficult to understand, or should it

Our GDP is driven by Niger Delta oil sales that has increased in quantity (due to less violence in the creeks) and in price over the past three years. This has been shared among the three tiers of government - federal, states and LGAs.
That explains GDP growth.

Poverty growth is due to MISPLACED priorities that do not address the BASIC drivers of growth- education, pipeborne water, good feeder/rural roads etc that are mostly the responsibility of states and LGAs. Rather you have hyper-inflated expenditure for stealing by politicians on questionable infrastructure such as:

* N29b for a fancy cable bridge of less than 1.5kms
* N30b to EXPAND 13kms of Ikorodu Road
* N2b for Mokola narrow bridge

etc. etc.


Easy
[/s]


Your post doesn't make any sense whatsoever. You derided progressive developments made by the only decent governors in the country to make an asinine point. However, you failed to highlight the numerous failures of the central government; where corruption is rife. A central government that hasn't completed a single project since it was (s)elected.

Your post isn't worth debating. undecided undecided
Re: World Bank Indicts Jonathan’s Government. by proudlyme(m): 12:30pm On Jun 12, 2013
oyb:

this actually does sound like something we would get from team gej cheesy cheesy cheesy

okija, your guy to dey f up
real time
Re: World Bank Indicts Jonathan’s Government. by gbanikiti(m): 12:31pm On Jun 12, 2013
Youngzedd:

YES.

She would have covered the mess.
Trust me, she would have!
Re: World Bank Indicts Jonathan’s Government. by Nobody: 12:32pm On Jun 12, 2013
thelastPope: Typical ACN/CPC propaganda thread... grin grin grin

So because world bank released a may 2013 report and indicated an increase in poverty rate, they are indicting GEJ? dumb propaganda!

So anytime the US jobs report comes out and is poor, they are indicting Obama? The UK poverty rate is growing too so they must be indicting the PM! lol

You people dont know the difference between criticism and hatred. If a world bank report comes out, you create a thread and debate all the issues sorrounding it, not tag it an indictment on GEJ. Stop playing politics with everything, duh!

Anyway, what do you even expect from people who oppose the flushing out of Boko Haram.
on point
Re: World Bank Indicts Jonathan’s Government. by 50calibre(m): 12:37pm On Jun 12, 2013
Pataki: How can the World Bank say this?!

Have they not seen that 1.2million jobs has been created by the mining sector?

Have they not seen that our legislators are the most paid in the world?

Which President can boast of a billion naira food budget?

Why must all these scamming agencies continue to pull down the hard-stealing efforts of Jonathan and his crooks? Why why why?!!!


Hahahaha! Sarcasm!

I said this back on a previous thread, that said the Nigerian economy was growing, I said the economy was growing on paper, and why it isn't evident in the lives of average Nigerians is a mystery, ignoramus attacked me from all angles. Now they've heard the same from the world bank.

Nigerians need to rise and remove their government, Nigeria is regressing.
Re: World Bank Indicts Jonathan’s Government. by Nobody: 12:37pm On Jun 12, 2013
Nig is working! Cluelessness is working! Enjoy d foul air while it last!
Re: World Bank Indicts Jonathan’s Government. by Nobody: 12:41pm On Jun 12, 2013
Promhize: What is world bank's business with our own. Leave us alone pls
The other time UN said the military are killing innocent people in the north, thank God for CHANNELS TV for showing us the truth, the northerns are prraising military.
EUROPE esp US leave us alone, what is ur business undecided undecided angry
i tire for them
Re: World Bank Indicts Jonathan’s Government. by akinmusi(m): 12:41pm On Jun 12, 2013
Abali1: Abati is compiling a list of abuses for this World Bank people.
Let them wait and see.

As if you know. That is what he is good at.

hikmoj: Dis world bank sef, dey tink we no go know say na buhari dem plus including tinubu bribe dem?dey no know say since 4rm d time dis wayo wayo DEMONCRAZY start,ghana must go sac dey sell wel wel 4 abuja?make dem come build factory wey dey produce d sac 4 abuja dem go know say business dey 4 naija wel wel

Truth dey bitter o. My person, if you continue this way, you will never learn.
anonimi:

That should not be so difficult to understand, or should it

Our GDP is driven by Niger Delta oil sales that has increased in quantity (due to less violence in the creeks) and in price over the past three years. This has been shared among the three tiers of government - federal, states and LGAs.
That explains GDP growth.

Poverty growth is due to MISPLACED priorities that do not address the BASIC drivers of growth- education, pipeborne water, good feeder/rural roads etc that are mostly the responsibility of states and LGAs. Rather you have hyper-inflated expenditure for stealing by politicians on questionable infrastructure such as:

* N29b for a fancy cable bridge of less than 1.5kms
* N30b to EXPAND 13kms of Ikorodu Road
* N2b for Mokola narrow bridge

etc. etc.


Easy

#Gbam

Penboy: With this kind of news on ground, some fellas will still be comparing Andriod to Blackberry or Ios. (for fun though..|o|). Anyway na God's kingdom we they pray for.

Tell them say Chinco no be correct phone oo, if though na Android OS he dey use. lolzzz mtscheeww
Re: World Bank Indicts Jonathan’s Government. by loneytunes(m): 12:43pm On Jun 12, 2013
Sincere 9gerian: It is the JOINT responsibility of the states, federal and local govt to create jobs and eradicate poverty.

The national purse is shared 50-50 by the federal govt on one hand and the states and local govt on the other (via state-local govt joint account).

So, while we ask how many jobs the federal govt has created in the last few years and what percentage of Nigerians have been lifted out of poverty through policies and programmes at the federal level, we should NOT forget the states.

How are the states and local govts creating jobs and eradicating poverty with their share of the national purse? How many jobs has Fashola or Sullivan Chime created in the last few years? These are critical questions that demand answers.

The problem of lack of jobs and increasing poverty cannot be solved without looking at the issue of exponential increase in population. But how can we tackle the problem of population if Buhari and other northern leaders see population as a tool for winning elections, wrecking havoc and earning more funds from the national purse?

In the long run, if we TRUELY want to drastically cut down unemployment rate and poverty, we MUST re-structure this country. Power must be de-centralised down to the states. The present arrangement where Abuja tries to feed 160million people can only breed more poverty and unemployment. It should be the other way round. It is the 160million people that should feed Abuja. In other words, the states must be allowed to harness their human and material resources for development and pay taxes to the centre. This is the only way forward.

But unfortunately, the northern politicians, with eyes fixated on oil money, will resist any attempt to re-structure this country. Currently, even passage of PIB is witnessing major resistance from the north.

Until the much needed re-structuring happens, we have to make do with what can be achieved under the present arrangement. Also the Boko Haram madness must have impacted negatively in the poverty and unemployment rates in the northern states in the last 2yrs (usually the bulk of these negative data emanates from the north and weighs down on the rest of the country)

First post you have made that I really agree with.
Re: World Bank Indicts Jonathan’s Government. by gbanikiti(m): 12:47pm On Jun 12, 2013
thelastPope:

You lot are just funny. Poverty rates are increasing the world over. The world is on the verge of another major recession. Italy, France, Spain, Greece are already in the mud. Now the ever strong Germany and the UK are on the edge, yet you open a thread claiming poverty is increasing in Nigeria and that it is an indictment on GEJ? grin grin grin


Comedy central!
...because the score card of Okonjo Iweala contradicts the World Bank report.
Re: World Bank Indicts Jonathan’s Government. by 50calibre(m): 12:48pm On Jun 12, 2013
ShyM-X:


^^^^^^Bwahahahaha.. Scrap that - it's not even funny. This is bewildering and pitiful. Nigeria has to be the only country on this planet where the GDP is growing at alarming, yet poverty is also growing at alarming rate. Foreign investment is increasing, yet unemployment rate has also doubled.

However, when you highlight the problematic situation the country is in, to these educated-illiterate/lazy-thinking folks; they will start witch-hunting your posts. Everything in that country defies logic!

What a country! grin

I remember a thread few weeks ago, talking about this issue, lots of people jumped to the defence of the Nigerian government.

Now the world bank has made similar observation, yet you see mad hungry people running their mouths. You keep telling a hungry man he is hungry, he keep telling no he is fine, yet you can see he look wretched.
Re: World Bank Indicts Jonathan’s Government. by Nobody: 12:50pm On Jun 12, 2013
Can the Economists on the thread provide answers, please?

“While the officially reported growth rates of GDP well exceed population growth in the country, the pace of poverty reduction does not."

"If confirmed, the 40 percent upward revision would bring Nigeria's GDP to about $370 billion (229 billion pounds), just shy of South Africa's output ($391 billion forecast for 2012), with the country subsequently becoming the largest economy in Africa within a year or two."
http://uk.reuters.com/article/2012/04/25/uk-nigeria-gdp-reaction-idUKBRE83O0UY20120425

Nigeria’s annual growth rates that average over 7 per cent in official data during the last decade place the nation among the fastest growing economies in the world. This growth has been concentrated particularly in trade and agriculture, which would suggest substantial welfare benefits for many Nigerians.

^^^^^^Evidently, there's money in the system.

The question is: why's it not trickling down to the masses? It seems the rich are getting richer, while the poor are getting poorer.
Re: World Bank Indicts Jonathan’s Government. by thelastPope(m): 12:51pm On Jun 12, 2013
50calibre:


It baffles me how any sane human being seeing the state of affairs in Nigeria, can blindly rise to the support of GEJ and discredit a solid report (based on careful study and observation) by a global organisation such as the world bank. I can guarantee that even you the defender of GEJ isn't finding life very easy.

FYI the world bank gives appraisals from time to time of the world economies, not just Nigeria, and I haven't for once seen anybody discredit their findings.

I said this back on a previous thread, that said the Nigerian economy was growing, I said the economy was growing on paper, and why it isn't evident in the lives of average Nigerians is a mystery, ignoramus attacked me from all angles. Now they've heard the same from the world bank.

Nigerians need to rise and remove their government, Nigeria is regressing.

Do you people even understand these world bank reports? Let me help you a little

1. A poverty appraisal report is not measured on a one year statistics. It is determined by statistics spanning at least 5 years and above.

2. There are 2 types of government policies. Those that affect the short term and those that affect the long term. Even a CNN report indicated some of the policies that led to the last recession where policies dating back to Jimmy Carter. Poverty or prosperity in a nation, doesnt happen overnight. So when you say a poverty report is an indictment on GEJ, you know absolutely nothing.

3. When it comes to issues rise poverty eradication, the issues you must discourse are the immediate and long term efforts and policies the present government has in place to improve it. Not how a poverty report is an indictment on a present government, except that government has been in place for up to 10 years, like some few countries

4. There are many factors involved when you talk about poverty. Population is the biggest factor. Even if people are getting richer, this will always be dwarfed by the fact that the population is exploding. For example, if you say people are not getting richer, who are those buying all the new and used cars in Lagos daily? Are they all politicians too? lol. Lagos has been expanding tremendously in the last 5 years and now Mowe and environs have become part of Lagos. Ikorodu is expanding crazily and so are all the other satellite locations around Lagos. People are building new houses and buying new cars daily in the thousands. But then, that is dwarfed by a population explosion. The implication of that is that the economic growth reports are very correct but other factors must come together to make it an overall transformation for the vast majority of the population

5. This is why I will continue to say that, what you lot are doing is throwing headlines around and trying to score cheap political points off it.
Re: World Bank Indicts Jonathan’s Government. by Nobody: 12:59pm On Jun 12, 2013
50calibre:
I remember a thread few weeks ago, talking about this issue, lots of people jumped to the defence of the Nigerian government.

Now the world bank has made similar observation, yet you see mad hungry people running their mouths. You keep telling a hungry man he is hungry, he keep telling no he is fine, yet you can see he look wretched.

Bruv, these guys aren't hungry mouths - they're crumb-munching selfish political jobbers who only care about where their next meal is coming from and not the country. Most of them hide under pseudo-patriotism to deceive the gullible ones among them. And it's just a pity that most Nigerians would rather swallow every propaganda hook, line and sinker - as long as there's a little tribal colouration in it.

This administration has done absolutely nothing since it assumed office.
Re: World Bank Indicts Jonathan’s Government. by jmaine: 1:00pm On Jun 12, 2013
Sincere 9gerian: It is the JOINT responsibility of the states, federal and local govt to create jobs and eradicate poverty.

The national purse is shared 50-50 by the federal govt on one hand and the states and local govt on the other (via state-local govt joint account).

So, while we ask how many jobs the federal govt has created in the last few years and what percentage of Nigerians have been lifted out of poverty through policies and programmes at the federal level, we should NOT forget the states.

How are the states and local govts creating jobs and eradicating poverty with their share of the national purse? How many jobs has Fashola or Sullivan Chime created in the last few years? These are critical questions that demand answers.

The problem of lack of jobs and increasing poverty cannot be solved without looking at the issue of exponential increase in population. But how can we tackle the problem of population if Buhari and other northern leaders see population as a tool for winning elections, wrecking havoc and earning more funds from the national purse?

In the long run, if we TRUELY want to drastically cut down unemployment rate and poverty, we MUST re-structure this country. Power must be de-centralised down to the states. The present arrangement where Abuja tries to feed 160million people can only breed more poverty and unemployment. It should be the other way round. It is the 160million people that should feed Abuja. In other words, the states must be allowed to harness their human and material resources for development and pay taxes to the centre. This is the only way forward.

But unfortunately, the northern politicians, with eyes fixated on oil money, will resist any attempt to re-structure this country. Currently, even passage of PIB is witnessing major resistance from the north.

Until the much needed re-structuring happens, we have to make do with what can be achieved under the present arrangement. Also the Boko Haram madness must have impacted negatively in the poverty and unemployment rates in the northern states in the last 2yrs (usually the bulk of these negative data emanates from the north and weighs down on the rest of the country)

Robust and fair enough view . . .
Re: World Bank Indicts Jonathan’s Government. by muami(m): 1:01pm On Jun 12, 2013
Re: World Bank Indicts Jonathan’s Government. by eunisam: 1:01pm On Jun 12, 2013
Why do Nigerians celebrate whenever nagative is written about them?

Nigerian are not bgging for food jooor,who said food no dey?


Abi you never eat since yesterday?

Re: World Bank Indicts Jonathan’s Government. by mankand(m): 1:01pm On Jun 12, 2013
Last time to goon marked his score sheet that he passed.

Thank God, an external examiner have remarked his score sheet and they are still looking for another grade other than F9 shocked shocked

in 2015 we dey wait, just steal as much as you can and enjoy it cos you will be cooling behind bars
Re: World Bank Indicts Jonathan’s Government. by Gbawe: 1:06pm On Jun 12, 2013
samkoro: Its a tradition of the world Bank to deride any Government that effectively tries to eradicate poverty. World Bank is mearnt to spread poverty while claiming to eliminate it.

Even though I am no fan of the World bank, is it not inane for fans of GEJ to deride the organisation, in trying to attack the messenger, when the main star of GEJ's cabinet and the de facto Prime Minister of Nigeria owes her fame and reputation to the world bank? Every time supporters of GEJ point fingers of vilification at others, because of the paranoid and hollow need to discredit legitimate criticism, the other finger points back at you because GEJ is usually always culpable of something.

If you now want to tell us the world bank is evil personified, who went out of his way to plead and beg for Okonjo Iweala, World bank's African poster appointee, to come and be super minister with full control over the Nigerian economy?
Re: World Bank Indicts Jonathan’s Government. by muami(m): 1:10pm On Jun 12, 2013
This is the World Bank's own summary

"Abuja, May 13, 2013 – Nigeria’s short term macroeconomic outlook looks generally strong, with the likelihood of higher growth, lower inflation, and reserve accumulation. This will present the Government with an opportunity to make progress in key reforms and public investments associated with the Transformation Agenda for job creation, diversification, and more effective governance, says the World Bank in its new Nigeria Economic Report (NER) launched today in Abuja.

Sounding a cautionary note, however, the NER says that Nigeria’s economic growth has not automatically translated into better economic and social welfare for Nigerians. As the NER notes, “poverty reduction and job creation have not kept pace with population growth, implying social distress for an increasing number of Nigerians.

As part of its forecast for Nigeria, the NER also suggests that Nigeria will need to build up its fiscal reserve to protect the country from oil price volatility. It will also need to increase internally generated revenue to compensate for what will likely be declining oil revenues relative to the size of the economy.

Given that Nigerian GDP is growing much faster than oil output, and is experiencing significant inflation at a stable exchange rate, the size of Government oil revenues relative to GDP should decline even in the event that oil prices increase. This was already the case in 2012, as Government oil revenues fell from an estimated 23.6% to 19.7% of GDP. This decline may increase budgetary pressures and justifies a prudent fiscal stance.

Better coordination is needed in Federal and State policies

The Nigeria Economic Report argues that the Nigerian Federalist System has the potential to support Nigeria’s takeoff into rapid diversified growth and job creation, but the Federal and State Governments need to improve cooperation and policy coordination in a few key areas. These key areas are (a) macroeconomic management (countercyclical fiscal policy), (b) coordinated policies to enhance market connectivity and improve public services, and (c) the realization of national standards in public financial management and disclosure.

The NER suggests that the significant degree of autonomy and financial independence of Nigerian States can be potentially advantageous for rapid development in the country. But this process is now hindered by too little market connectivity, weak coordination in fiscal policy, and problems in governance. For example, the NER notes that because of problems in infrastructure, particularly transportation, as well as institutional barriers, Nigeria’s markets are quite fragmented.

Investors with the potential to set up large scale operations and create many jobs will be reluctant to do so if they cannot service a larger market. Under these conditions, a number of Nigerian States have limited opportunities to attract significant investors.

It is argued that enhanced cooperation among the Federal and State Governments can successfully address all of these issues, thereby unlocking enormous potential for growth, job creation, and improvements in the welfare of Nigerian citizens.

“For effective macroeconomic management, the key task is to establish an institutional framework that can effectively separate and buffer Government expenditures from oil prices,” said John Litwack, Lead Economist, World Bank and the lead author of the report. “International experience demonstrates that countercyclical fiscal policy is essential to conquer the “oil curse” of boom-bust cycles and slow economic development.”

Conditional or matching grants are widely used in many countries for the coordination of fiscal policies and implementation of national standards.

“The expansion of federal programs involving co-financing or conditional/matching grants for States around priority infrastructure and the implementation of national standards could help solidify needed trust and cooperation between different levels of Government and bring the best of Nigeria,” said Marie Francoise Marie-Nelly, World Bank Country Director to Nigeria.

“To be successful, these programs should build on state autonomy to promote constructive competition among them. International experience suggests that the conditionality of these grants should focus on outcomes rather than processes, i.e. the resources should be managed entirely by subnational Governments under the condition that certain objectives be reached.”

The first Nigeria Economic Report, released on May 13, 2013, contains a macroeconomic overview, an analysis of Government oil revenues and their potential allocations under various oil price assumptions through 2015, and a chapter on fiscal federalist relations and Nigeria’s economic development. Primary conclusions of the NER are summarized below.

Subsequent editions of the report will present an overview of the macroeconomic situation in the country and focus additional attention on issues deemed to have high policy relevance. The NER may also be used to disseminate the results of recent World Bank studies that have potential relevance for Nigeria."

MY VIEW: As the Bank notes, poverty is actually being reduced and jobs are being created BUT the pace is slower than the rate of population growth and economic growth. However, it notes that Nigeria’s short term macroeconomic outlook looks generally strong, with the likelihood of higher growth, lower inflation, and reserve accumulation. This, according to the Bank presents the Government with an opportunity to make progress in key reforms and public investments associated with the Transformation Agenda for job creation, diversification, and more effective governance. In other words, the government has done well in laying the foundation by creating a sound macroeconomic outlook which can be built on to reduce poverty and create jobs. I therefore think it is unfair to claim that the Bank indicted the government or to throw a blanket condemnation of the government. Many other governments in Africa and even Europe(eg Portugal, Greece, Spain etc) currently have negative macroeconomic outlook which means that they are unable to create jobs and in fact do not have the fiscal policy space to take measures to create jobs.

http://www.worldbank.org/en/news/press-release/2013/06/10/climate-resilience-and-low-carbon-growth-critical-for-nigeria-s-economic-future

2 Likes

Re: World Bank Indicts Jonathan’s Government. by Akanbiedu(m): 1:14pm On Jun 12, 2013
thelastPope:

You lot are just funny. Poverty rates are increasing the world over. The world is on the verge of another major recession. Italy, France, Spain, Greece are already in the mud. Now the ever strong Germany and the UK are on the edge, yet you open a thread claiming poverty is increasing in Nigeria and that it is an indictment on GEJ? grin grin grin


Comedy central!

This sounds familiar!!!

1 Like

Re: World Bank Indicts Jonathan’s Government. by jmaine: 1:15pm On Jun 12, 2013
muami: Better to read the entire report before commenting rather than rely of headlines!
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/05/14/000333037_20130514101211/Rendered/PDF/776840WP0Niger0Box0342041B00PUBLIC0.pdf

You did well bruv . . . . cool
Re: World Bank Indicts Jonathan’s Government. by euniselfyahoo: 1:27pm On Jun 12, 2013
Now that world Bank has given their report about increase in unemployment i hope our leaders will sit up and provide more jobs in the country. Please, president GEJ let the policy guiding company owners be favourable
Re: World Bank Indicts Jonathan’s Government. by omenka(m): 1:27pm On Jun 12, 2013
#In Retardeen's voice; ''this are insinuation by some interest groups". The world bank "has the means of knowing the truth. They should FILTER THE TRUTH"!!!
undecided

God help us.

1 Like

Re: World Bank Indicts Jonathan’s Government. by Saintp(m): 1:36pm On Jun 12, 2013
@ Sincere Nigerian,

For the first time you have made a wonderful contribution to topics like this. Kudos. I nearly did not read it cos i hardly read ur post this days cos of wot u r known for bt i'm happy i read it. more of that.

@ lastpope,

Arent u tired of dis ur silly GEJ defence everytime? Why not analyse the situation and proffer a solution instead making no sense with ur GEJ defence.

Tanks.
Re: World Bank Indicts Jonathan’s Government. by 50calibre(m): 1:37pm On Jun 12, 2013
ShyM-X:


Bruv, these guys aren't hungry mouths - they're crumb-munching selfish political jobbers who only care about where their next meal is coming from and not the country. Most of them hide under pseudo-patriotism to deceive the gullible ones among them. And it's just a pity that most Nigerians would rather swallow every propaganda hook, line and sinker - as long as there's a little tribal colouration in it.

This administration has done absolutely nothing since it assumed office.

I think you have a point here. This might just be the case
Re: World Bank Indicts Jonathan’s Government. by jmaine: 1:38pm On Jun 12, 2013
Lagos State has the lowest estimated poverty rate of 22.9%, while Jigawa has the highest at 77.5%. Figure 3 confirms the fact that poverty is particularly concentrated in the Northern part of the country, while the South West experiences the lowest poverty rates. Average poverty rates for the North East and North West areas are 59.7 and 58 percent, respectively, while the North Central has an average rate of 48.8. By contrast, average rates in the South West, South East, and South South are 30.6, 39, and 37.6 percent respectively

Just for your consumption . . . . We can safely deduce various factors that largely impacted the World bank report on Poverty indices . . .

Appears the Northern region bears more weight on the negative impacts, offcourse we all know the obvious reasons . . .

1 Like

Re: World Bank Indicts Jonathan’s Government. by Picomon(m): 1:48pm On Jun 12, 2013
Jonathan n his crooks, World bank, city bank, state bank or whatever they call themselves are bunch of mofos.

They said the rate of poverty has decreased significantly, now they said it has increased. We all know that most of their news r full of crap.

Unemployment rate is high, power supply fuckingly poor, create or provide facilities for entrepreneurs in order to create jobs, no they won't. Pay unemployed folks a token amount every month, no they won't.

Dunno why we can't boast of just one thing in Nigeria, ever since I was born. Why lord?

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