₦airaland Forum

kallmemrB:
This article is based on total rubbish....

Imagine this abstract :

A decade ago, Nigeria had far fewer people in extreme poverty than either China or India; today, according to data compiled by the World Data Lab, it has more than both combined. The count stands at more than 90 million

Imagine in a country of like 190 million people... Their stats is claiming 90 million are in extreme poverty.... Thats a big lie

Check out this stats:
we have over 2 million registered member on Nl.. at least 10 000 is active daily.. All those 10,000 have families... As along as the 10,000 have a browsing phone and data to browse it means their family are not extremely poor

So Where's the Stats coming from?

Is this a joke?

In under 10yrs, we now have extreme poverty more than China and India combined

One of humanity’s most hopeful developments in recent decades has been the dramatic drop in extreme poverty. In 2000, some 1.4 billion people lived at or below the global poverty line of $1.90 a day. Today, the number is about 600 million.

This remarkable change is mainly due to growth in China and India: Much of sub-Saharan Africa, particularly Nigeria, has failed to share in the success. A decade ago, Nigeria had far fewer people in extreme poverty than either China or India; today, according to data compiled by the World Data Lab, it has more than both combined. The count stands at more than 90 million, and has risen both in absolute terms and as a share of the total. Nigeria’s young and fast-growing population is projected by the United Nations to double in size by 2050, making it the world’s third-biggest. Even assuming that the proportion of Nigerians living in extreme poverty stops rising as quickly as it has in recent years, it’s on course to remain extraordinarily high for the foreseeable future.

Nigeria Is Cornering the Market in Extreme Poverty
Nigeria’s success or failure in confronting extreme poverty will be pivotal for the rest of Africa, too — partly because of its huge population but also because of its outsize influence over its neighbors. The government led by President Muhammadu Buhari, recently re-elected to a second and final four-year term, bears a grave responsibility. One wonders whether a politician known as “Baba Go Slow” is up to the task.

His record over the last four years is discouraging. Economic growth has barely recovered following the 2014 crash in the price of oil, which remains Nigeria’s biggest export and source of government revenue. Per capita gross domestic product is less than it was when he took office. Joblessness has more than tripled. Efforts to spur agriculture and other non-oil parts of the economy have failed. Foreign direct investment has fallen by more than half since 2010.

Going Nowhere Fast
Nigeria's performance on selected indicators and indexes


Sources: International Monetary Fund, World Bank, UNCTAD, Transparency International, Bloomberg.

Islamic extremists such as Boko Haram and Islamic State remain a serious threat, violence persists in the oil-rich Niger Delta, and environmental pressures due to climate change have stoked clashes between herders and farmers. All told, more than 2 million Nigerians have been displaced by conflict. The country also has the world’s second largest number of people suffering from HIV/AIDS, and faces huge burdens from tuberculosis, malaria and other diseases. Governance remains weak, corruption and crime rampant.

Despite everything, Buhari retains a reputation for personal integrity and the commitment to fight graft. But he needs to give equal weight to economic revival, without which there will be little progress in quelling conflict and radicalism. This in turn means moving away from the statist mindset that he’s displayed since the 1980s, when he became head of state following a military coup.

In particular, he has steadfastly resisted devaluing Nigeria’s currency, likening a depreciation of the naira to “murder” because of its impact on the prices of imported fuel and food. Nigeria maintains multiple official exchange rates for different transactions. This stops the price system from allocating resources to their best uses, and draws the government ever more deeply into managing the anomalies and inefficiencies that ensue. To promote domestic manufacturing and farming, for instance, Buhari has restricted access to hard currency for importers of more than 40 categories of goods, including cement, fertilizer and textiles. The result is predictable: more smuggling, more shortages, and a thriving black market in currency.

In the longer term, Nigeria should aim to float its currency, as proposed by the International Monetary Fund and Atiku Abubakar, Buhari’s challenger in February’s election. In the short term, unifying the exchange rates and liberalizing access to hard currency would be a big step forward.

Economic reform could also lure more foreign direct investment — which is sorely needed, especially in infrastructure. Nigeria’s decrepit refineries force Africa’s biggest oil producer to import 90 percent of its petroleum products. Its electricity-generating capacity is less than one-sixth of South Africa’s, though its population is three times bigger. Access to power and good roads would be a big help to agriculture, which employs two-thirds of Nigeria’s workforce. Lacking cold-storage facilities and efficient transport, Nigeria’s tomato farmers, for example, must sell to traders at harvest when prices are low, and can suffer losses of up to half their production. Most recently, gridlocked ports are holding up exports of cashews.

To fund public investments, Buhari’s government will need to boost non-oil revenue through better tax compliance and enforcement. Until the tax system is fixed, further reliance on debt would be unwise, even though the country’s debt ratio looks modest at roughly 25 percent of GDP. The problem is that Nigeria collects relatively little revenue, so debt service eats up most of the budget. It already accounts for 60 percent of federal revenue, and the figure is expected to rise to more than 80 percent by 2022 — a level the International Monetary Fund calls “unsustainable.”

Buhari’s priorities are understandable: Fighting Boko Haram, restoring safety and security, and curbing corruption are essential if Nigeria’s prospects are to improve. But reviving the economy is no less urgent. Consider that nearly 2 million Nigerians enter the workforce every year, while unemployment stands at more than 20 percent. The country that could be Africa’s dynamo is instead its biggest demographic time bomb. Before it’s too late, Baba Go Slow needs to hurry up.


https://www.bloomberg.com/opinion/articles/2019-04-07/nigeria-needs-economic-growth-in-buhari-s-second-term

gurnam:
A Fashola / El-Rufai ticket in 2023 will kill anything PDP brings to the table

Kwankwaso or Tambuwal on a ticket is more of a sure banker.
Kwankwaso/Obi or Ekweremadu would win not just the north but SE and SS also.
Did you notice El Rufai just managed a "win" even though he had all the apparatus of state and fed govt.

Chinashopping84:
Lol.do you think north would want to be against the south..The only politically stronghold of the south is south west.Keep your pity to yourself...If YORUBA contest they would surely win.Check my siggy for your chinese rmb

You're not a student of history. Check how many times Awolowo tried and didn't succeed. Abiola succeeded by having a Muslim Muslim ticket. That would no longer fly in present day Nigeria.

On behalf of the SS let me just reiterate that if there is a Yoruba presidential candidate in 2023, we the people of SS we give the Yorubas the level of support they gave Jonathan.

*double post

Oba Emir of Benin loading

Even Buhari knew he was going to lose hence he hurriedly suspended CJN Onoghen.

Says Tinubu’s newspaper. Believe this and believe anything.

See finishing
Politicians pray never to be the focus of FFK's ire. This FFK is blessed with the gift of the garb.

deomelo:
Pesin wey still dey go jail for forgery and violation of electoral laws..

Nothing worse in life than when people rub salt on top your injury with false hope, just life athIefkULOOTER running to court while the rest of the world don move on.

Go and jail him na

[s]

Neoteny:
I don't understand how anyone would want an obese semi-literate clown wearing a silly hat to be their governor.

Yorubas say they're sophisticated but their choice of leaders is questionable.

So far it's been rascals, ponmo cutters, thugs, drug dealers, clowns and idiots.

[/s]

Sad day for our judiciary. Buhari ruined all the institutions he met.

Breaking News!! Walter Onnoghen has turned in his resignation letter as the CJN of the Federal Republic of Nigeria

.

https://twitter.com/DOlusegun/status/1114153068399140865?s=19

Dino was able to destroy police vehicles even though there were more than 30 police men in tow. Is Dino a superman?

The congratulations are in order..

Osinbanjo is high on codeine and tramadol.

deliveryboy:
CAN are a bunch of bias and bitter people who spread hatred among people.

Stop confusing your MURIC with CAN.

Is this the real CAN or APC CAN?

To know I use to support this idiot makes me wanna puke.
This chest beating gay that adviced people not to vote, like he had a grand plan to actualize Biafra if people refuse to vote. At the moment, all those who supported him in the past have since realised their mistakes. People like Abaribe, FFK, Adeyanju etc.

If only this idiot was able to harness the opportunity that fell on his lap, he would have been a real hero. Ojukwu was a true genius, he knew what he wanted unlike this foool.

It can't be reversed, APC cheated and the whole world knows it.

By the time they know what hit them, PDP would be running their affairs. Goje will emerge as Senate president, Mark my words.

Adamawa is PDP and PDP is Adamawa
By 2023 only Lagos state will be APC.

Where's Corrinthians and his permutations that APC will clear all the NE states?


APC supporters are running away from nairaland.

They should do everything to reclaim their mandate. I support them.

The whole world knows there was no election in Kano yesterday. APC hoodlums are wasting their time, the courts would still make Abba Yusuf the governor.

I can predict that MURIC would start an insurrection when their demands are not met, time will tell.

APC have no governor in the SE.

With PDP winning Bauchi state, it means PDP have a governor in all regions in Nigeria.

When monkey man Obaseki eventually lose the governorship election in Edo state, I see APC ending up like APGA.

Osibanjo should banish any thought of becoming president, let him start by winning his polling unit.

Kano will burn if Gandollar forces himself on the people.