The Nigeria Economic Summit Group yesterday projected that the Nigeria’s poverty rate could hit 35 percent if proactive policy measures were not taken by various tiers of government to address the increasingly worrisome unemployment rate in the economy. It also predicted that the nation’s unemployment rate could rise to 16 percent by 2030 based on other assessment parameters, including a $2,700 per capita with the average agriculture share of the GDP.

The NESG also projected that the service sector share could hit 54 percent, These micro and macroeconomic projections were contained in the group’s 2020 macro-economic outlook published yesterday. It noted that Nigeria’s economy remained fragile despite the modest recovery it recorded over the past two years.

The NESG stressed the urgent need for government to adopt appropriate policy measures to deal with the challenges of bourgeoning population and rural-urban drift of millions of Nigerians. It said Nigeria’s economy would record a 6.4 percent growth by 2030 if current challenges facing business were frontally tackled by the government.

Read more: https://www.dailytrust.com.ng/nigerias-poverty-rate-may-hit-35-economic-group.html

May

We are still in January.

Boko Haram and poverty had been technically been defeated in Nigeria naw. So, where is this poverty coming from?

Nigeria is already the world headquarters of extreme poverty courtesy of the super cluelessness & incompetence of our present government hence no need estimating our poverty grade on a scale.

This is what happens when you have an empty brain president

This statistic should help us prepare for such time but no we are too concern about 2023

May? It will surely get there except no be Buhari be president again. Good thing is even those Buhari apologists will feel the heat.

Gmb's incompetence alarming

Suffering and smiling in the face of abject and endemic poverty is already part of our social lives ...

As long a Buhari is the president nothing willl stop it ..Buhari is so inept that if you send him to manage hellfire there will be fire shortages there in months ...

MrEraser:
[s][/s]

Funny you haven't erased poverty from your life.

MrEraser:


Cancelled and erased.

You have only cancelled yourself sir

135% or 35% ?

Pesin wey dey shout 35% no go enta heaven wallai

MrEraser:


This logic is so flawed. No correlation, attaching wrong cause and other loopholes in one comment. Accordingly, I cancel and erase this comment for failing to satisfy the requirements of a sound logic.

So your logic or logical didn't didn't direct your myopic thought towards sarcasm if it failed to reach your expectations

It's very sad.
Nigeria is becoming disgusting

Buhari is a curse to this
nation

The NESG stressed the urgent need for government to adopt appropriate policy measures to deal with the challenges of bourgeoning population and rural-urban drift of millions of Nigerians.

Just yesterday, a HOR member brought his 4 wives, 27 children and counting to brag to Nigerians.

Its evident, the truck loads of bikes, keke trooping into Lagos everyday is actually what made the LASG ban all that because of the influx of population, which you cant even manage due to porous borders and a certain Governor telling us all Fulanis from around the world are brothers and can choose to stay anywhere alongside a Visa on arrival policy...

What the heck is wrong with this country....?

But people are always bragging on Nairaland that they are very rich? Even on our streets, before you start any argument, the next thing you hear is "Do you know who I am?"
Abi na Audio big man all of them be?

The government forklift to lift the poor people in millions out of poverty is either awaiting clearance by the custom or stranded because of the boarder closure. SMH