₦airaland Forum

The latest Nigeria Development Update from the World Bank reveals a significant rise in poverty levels, with over 129 million Nigerians now living below the national poverty line.

According to the report, released on Thursday in Abuja, the percentage of Nigerians living in poverty has grown from 40.1% in 2018 to 56% in 2024. This alarming trend has emerged as public concerns over escalating hunger and inflation intensify, significantly affecting living standards across the country

The report attributes this sharp rise in poverty to factors such as inflation, weak economic management, and external shocks like natural disasters and insecurity. Other significant factors include the impact of the COVID-19 recession and the high cost of the demonetization policy in early 2023.


https://www.centliv.com/2024/10/18/56-of-nigerias-population-now-living-in-poverty-world-bank/


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World Bank reports this like a BAD thing, which it is.

But Nigerian Politicians will NOT do ANYTHING about it. They will NOT do anything about it because they are smart and EXTREMELY devious.

Nigerian Politicians know that 129 Million people living below the national poverty line is 129 Million potential voters who would sell their votes for 5k and a loaf of bread.

Poverty is a NASTY weapon of subjugation.


You are TOO hungry and weak to fight back with a revolution.

And you would do ANYTHING for money, including voting and even praising the CRIMINALS responsible for your poverty in the first place.

A BRUTAL double-edged sword is poverty.

Hip hip hip hurray tinubu is working

APC has destroyed Nigeria. History will remember Tinubu as the man who made it possible

Thank God it's not 100% abi wetin we for they talk

Shevchenkko:
APC has destroyed Nigeria

Actually the destruction started as far back as 2013 but it wasn't that obvious. It's hilarious how Nigerians forgot the abracadaba that happened during the Goodluck era

Another achievement of the Bola Ahmed Tinubu led administration.
He promised to continue from where Buhari stopped and is doing just exactly that.
Tinubu is just an arrogant failure.

Super33999:
Actually the destruction started as far back as 2013 but it wasn't that obvious. It's hilarious how Nigerians forgot the abracadaba that happened during the Goodluck era

Apc finished Nigeria stop blaming good luck for the work of APC and buhari CPC

Batman working very hard.

Poverty is synonymous to lack, a wise man once said.

living2013:
The latest Nigeria Development Update from the World Bank reveals a significant rise in poverty levels, with over 129 million Nigerians now living below the national poverty line.

According to the report, released on Thursday in Abuja, the percentage of Nigerians living in poverty has grown from 40.1% in 2018 to 56% in 2024. This alarming trend has emerged as public concerns over escalating hunger and inflation intensify, significantly affecting living standards across the country

The report attributes this sharp rise in poverty to factors such as inflation, weak economic management, and external shocks like natural disasters and insecurity. Other significant factors include the impact of the COVID-19 recession and the high cost of the demonetization policy in early 2023.


https://www.centliv.com/2024/10/18/56-of-nigerias-population-now-living-in-poverty-world-bank/


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Yeah..brought about by the useless policies you idiots told the idiot in aso rock to implement and follow foolishly...!!

Super33999:
Actually the destruction started as far back as 2013 but it wasn't that obvious. It's hilarious how Nigerians forgot the abracadaba that happened during the Goodluck era

The abracadabra that happened then cannot be compared to the current calamitous and draconian destruction currently perpetuated by Tinubu

The same world will turn around and tell our government that they are doing fine and should not soft pedal.

Namaster:
World Bank reports this like a BAD thing, which it is. But Nigerian Politicians will NOT do ANYTHING about it. They will NOT do anything about it because they are smart and EXTREMELY devious.
Nigerian Politicians know that 129 Million people living below the national poverty line is 129 Million potential voters who would sell their votes for 5k and a loaf of bread. Poverty is a NASTY weapon of subjugation. You are TOO hungry and weak to fight back with a revolution.
And you would do ANYTHING for money, including voting and even praising the CRIMINALS responsible for your poverty in the first place.
A BRUTAL double-edged sword is poverty.

Only the people can rise to save themselves! We have seen this happen in many other places and so we should wait for the people to facilitate the change they want for themselves.

Namaster:
World Bank reports this like a BAD thing, which it is.

But Nigerian Politicians will NOT do ANYTHING about it. They will NOT do anything about it because they are smart and EXTREMELY devious.

Nigerian Politicians know that 129 Million people living below the national poverty line is 129 Million potential voters who would sell their votes for 5k and a loaf of bread.

Poverty is a NASTY weapon of subjugation.


You are TOO hungry and weak to fight back with a revolution.

And you would do ANYTHING for money, including voting and even praising the CRIMINALS responsible for your poverty in the first place.

A BRUTAL double-edged sword is poverty.

Bullseye 🎯

133 Million of us were quoted as being MULTI DIMENSIONALLY POOR a year ago... only God knows what number would be today..🤔

Still the same world bank that is improverishing third world countries population with their brutal economic policies which the senseless corrupt leaders of these sorry nations often accept wholeheartedly without consideration.

Racoon:
Still the same world bank that is improverishing third world countries population with their brutal economic policies which the senseless corrupt leaders of these sorry nations often accept wholeheartedly without consideration.

Corruption, not the World Bank, is responsible for impoverishing third-world countries and populations.

Listen for a second to what Jamie Dimon, the JPMorgan Chase CEO had to say on the loans the World Bank gives to even Third World Countries to learn a little of how investors who back the loans the World Bank gives to Third World countries are not some father Christmas or piggy bank somewhere doling out money. They are groups, individuals who desire returns on their investments, and for that to happen, they apply stringent conditions on the loans they allow to ensure that no matter what the people on the other side allow, they at least get their money back.