THE World Bank warned this week that Nigeria was heading for an explosive poverty crisis without urgent reforms. Launching its Nigeria Economic Update on Monday, the Bank said the number of extremely poor Nigerians could rise by 30 million by 2030. Of course, with nearly 100 million of its citizens living in extreme poverty, Nigeria has already acquired the sobriquet “poverty capital of the world”, snatching the shameful title from India. [ 908 more words ]


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