World Bank Rates Nigeria Among Extremely Poor Countries
BY CHANNELS TELEVISION, 2014
World-BankThe World Bank Group has rated Nigeria among the world’s extremely poor countries, promising to assist in ending what it called ‘extreme poverty’ in the nations.



Other countries that were also rated as extremely poor are India, China, Bangladesh, DR Congo, Indonesia, Pakistan, Tanzania, Ethiopia and Kenya.

At the Council on Foreign Relations (CFR) in Washington on Wednesday, in advance of the World Bank/IMF Spring Meetings, World Bank President, Dr Jim Yong Kim, stated that the global bank would deal with the extreme poverty in Nigeria and its counterparts in the coming years.

Ending Extreme Poverty By 2030

He said: “The fact is that two-thirds of the world’s extreme poor are concentrated in just five countries: India, China, Nigeria, Bangladesh, and the Democratic Republic of Congo. If you add another five countries, Indonesia, Pakistan, Tanzania, Ethiopia, and Kenya, the total grows to 80 per cent of the extreme poor.”

Dr Kim stressed that the World Bank Group would focus on Nigeria and other nine countries, but emphasised that the plan would not make other countries in the world to be ignored.

“We will have a strategy that ensures that no country is left behind, as we move toward the target of ending extreme poverty by 2030,″ he said.

The World Bank President also announced a series of measures aimed at strengthening the World Bank Group to better meet the evolving needs of clients, including a $100 billion increase in the lending capacity of the Bank’s lending arm for middle-income countries over the next decade.

According to Dr. Kim, this new innovations in financial management, and a boost in the institution’s ability to provide private sector support follows the record $52 billion replenishment of IDA, the World Bank’s fund for the poorest, in December 2013.

Kim also outlined how the Bank was positioning itself to better achieve its goals of ending extreme poverty by 2030 and boosting shared prosperity for the lowest 40 per cent in developing countries.

“We now have the capacity to nearly double our annual lending to middle-income countries from $15 billion to $26 to $28 billion a year. This means that the World Bank’s lending capacity will increase by $100 billion to roughly $300 billion over the next ten years.

“This is in addition to the largest IDA replenishment in history, with $52 billion in grants and concessional loans to support the poorest countries,” he said.

thought the president said he and his team have reduced extreme poverty by 50%?

IT MUST BE, BECAUSE NIGERIANS HAVE THEIR WAYS OF MESSING WITH ANYTHING GOOD THAT CAME TO US.
RELIGION
EDUCATION
GOVERNING/RULING
technology
DEMOCRACY

Nigeria is not POOR,bad leaders is the major challenges we re facing as a Nation..

worry359:


Nigeria amongst the poorest countries.

Goodluck Jonathan listed as one of Africa's 10 richest leaders.

So what part of this are you having trouble understanding?

Is Goodluck Jonathan a country?

Economics used to be a compulsory subject in high school.
The same way US is not the richest country in the world.
Of course Nigeria is a poor country by all standards but it worth very little shouting about it.
Per capita income is a very good measure of standard of living across countries but it doesn't measure wealth.
if for instance Qatar is richer than the US it doesn't mean that Qatar has the amount of money or resources available to th US. That's why USA can spent a trillion dollars on....and remain solvent and Qatar will go bankrupt if they spent say 500 billion dollars in the same fiscal year.

DUDE WHY ARE YOU SO OBSESSED WITH NIGERIA THAT YOU SCAN THE WEB LOOKING FOR NEGATIVE ISSUE TO POST ABOUT NIGERIA, WE HAVE OUR CHALLENGES WE KNOW SO LEAVE US LETS BATTLE AND GO HELP UR NATION. WTF

OXYGEN01:
Is Goodluck Jonathan a country?

dummy,but that doesn't change the fact that 60percent of Ghana 24 million people are poor compared to 33 percent of Nigeria 170 million people

adamskutty:
dummy,but that doesn't change the fact that 10percent of Ghana 24 million people are poor compared to 79 percent of Nigeria 170 million people

FACT.

Rikidony:
DUDE WHY ARE YOU SO OBSESSED WITH NIGERIA THAT YOU SCAN THE WEB LOOKING FOR NEGATIVE ISSUE TO POST ABOUT NIGERIA, WE HAVE OUR CHALLENGES WE KNOW SO LEAVE US LETS BATTLE AND GO HELP UR NATION. WTF

Obsessed? Are you normal. ? Isn't here a forum ?

Mumu

OXYGEN01:
FACT.

[


Suffering and smiling and pretending and loving it ape

only 33 percent of nigerians are poor... July 2014 by world bank
http://beegeagle./2014/07/24/nigeria-poverty-levels-drop-from-62-2-in-2010-to-33-1-in-2013-world-bank-report/

Ur sh1tty cursed land has 60 percent poor apes [
http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTPOVERTY/EXTPA/0,,contentMDK:20204450~menuPK:435735~pagePK:148956~piPK:216618~theSitePK:430367~isCURL:Y,00.html

very confused monkey, 22 million out of 24 million of ur kind don't even have toilets, only poor people lack access to toilets

adamskutty:
[


Suffering and smiling and pretending and loving it ape

only 33 percent of nigerians are poor... July 2014 by world bank
http://beegeagle./2014/07/24/nigeria-poverty-levels-drop-from-62-2-in-2010-to-33-1-in-2013-world-bank-report/

Ur sh1tty cursed land has 60 percent poor apes [
http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTPOVERTY/EXTPA/0,,contentMDK:20204450~menuPK:435735~pagePK:148956~piPK:216618~theSitePK:430367~isCURL:Y,00.html

very confused monkey, 22 million out of 24 million of ur kind don't even have toilets, only poor people lack access to toilets

nigerians are always suffering and smilling people. 70% of nigerians are poor.Even the country is even useless so it ain't surprising.

OXYGEN01:
Is Goodluck Jonathan a country?

Kwaaaaaks!!

I tell you. Comedy central up in here.

OXYGEN01:
nigerians are always suffering and smilling people. 70% of nigerians are poor.Even the country is even useless so it ain't surprising.

very confused slave

adamskutty:
[


Suffering and smiling and pretending and loving it ape

only 33 percent of nigerians are poor... July 2014 by world bank
http://beegeagle./2014/07/24/nigeria-poverty-levels-drop-from-62-2-in-2010-to-33-1-in-2013-world-bank-report/

Ur sh1tty cursed land has 60 percent poor apes [
http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTPOVERTY/EXTPA/0,,contentMDK:20204450~menuPK:435735~pagePK:148956~piPK:216618~theSitePK:430367~isCURL:Y,00.html

very confused monkey, 22 million out of 24 million of ur kind don't even have toilets, only poor people lack access to toilets

LaBellaMafiaZA:


Kwaaaaaks!!

I tell you. Comedy central up in here.

lol...nigerians were all born to be comedians so don't be surprised.

TAN ambasadors make up a large number of the poor in Nigeria......I mean, who else sells his soul for N500-N2000??

As always, the Rich in Nigeria getting richer and the poor . . well, getting poorer. Clearly, just because we have a couple of billionaires in the TOP WHATEVER IN Forbes doesn't mean we are a rich country.
We need a system that evens out the wealth better. . I now corruption will eat everything 'eatable', but at least the one we can help, we should attempt it. .
I say restructure PAYEE, tax the rich more, increase corporate tax, introduce some sort of social security with the cash!
Dreams maybe, but an attempt would suffice!

Orinoco pulse!

OXYGEN01:
Obsessed? Are you normal. ? Isn't here a forum ?

You really have inferiority complex. You Ghanians wish to be like us Nigerians.

The abooki in Aso Rock that only has enough skills to lead cows have been entrusted with the fate of 180 million people. He will surely make ensure they are as poor as cows.

Does that sound logical to you?
Do you know the number of nigerians who claim to be Ghanaians on daily basis?
Animals wont even wish to be nigerians how much more humans.
Shut up your boko mouth if u dnt have any sensible thing to say.

Electroweb:

You really have inferiority complex. You Ghanians wish to be like us Nigerians.

OXYGEN01:
Does that sound logical to you?
Do you know the number of nigerians who claim to be Ghanaians on daily basis?
Animals wont even wish to be nigerians how much more humans.
Shut up your boko mouth if u dnt have any sensible thing to say.

Your ignorance amuses me. Keep it up.

All thanks to Parasitism of the North. They give NOTHING but nearly take ALL and sometimes take LIVES along!

adamskutty:
dummy,but that doesn't change the fact that 60percent of Ghana 24 million people are poor compared to 33 percent of Nigeria 170 million people

No wonder you failed logic and arithmetic classes!
If it were to be true, 60% would be 14m poor people in Ghana while 33% would mean 57m poor people in Naija.