A FORMER Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, said that 90 million Nigerians live in extreme poverty.

The claim was published on Twitter on August 27, 2020.

In one of the series of tweets, Moghalu, a former Presidential Candidate, on the platform of Young Progressive Party (YPP) in the country’s 2019 general election wrote: “90 million Nigerians live in extreme poverty and the country is essentially bankrupt not because we don’t have brilliant economists, but because our politics and leadership are a grand fraud. Prosperity requires nationhood, first, followed by strong, effective institutions”.



THE CLAIM:

That 90 million Nigerians live in extreme poverty.
THE FINDINGS:

The United Nations defines Extreme poverty, also known as Absolute or Abject poverty as, “a condition characterised by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information. It depends not only on income but also on access to services.” This description is contained in chapter two, item 19, page 38 of the World Summit for Social Development WSSD 1995 agreement, held in Copenhagen.

A 2016 World Bank report done in collaboration with the United Nations Children Fund (UNICEF) titled ‘Ending Extreme Poverty: a Focus on Children’ benchmark extreme poverty as those living on less than $1.90 per day.

Read more here: https://www.icirnigeria.org/are-90-million-nigerians-living-in-extreme-poverty/

774000 Jobs of BUHARI is a PAPER TIGER. BUHARI should apologize to FALAE AND INVITE HIM TO CREATE JOBS FOR NIGERIA. FALAE IS NOT A THEORIST. HE IS A PRACTICAL ECONOMIST.