₦airaland Forum

Bloomberg who in its new report stated that one of humanity’s most hopeful developments in recent decades has been the dramatic drop in extreme poverty, added that Nigeria needs growth to defuse poverty time bomb.While describing  President Muhammadu Buhari’s record over the last four years as discouraging, the New York-based international news agency wondered if he “is up to the task” of reviving the economy. Noting that in the year 2000, over 1.4 billion people lived at or below the global poverty line of $1.90 a day, the editorial wrote;

“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’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."


https://unclesuru.com/2019/04/08/nigeria-needs-growth-to-defuse-poverty-time-bomb-bloomberg/

The zombies wont believe this
We are in this together...

No time

Everyone including Bubu himself knows

The worse is yet to come to them. Sai barbar

Gbam.

Next level poverty is loading

Buhari ..powered by Tinubu

I have no doubt that the next 4 years will be worse because you cannot give what you don't have

Is Bloomberg confused?
Same outfit gave him clean bill of health in his handling of the economy.
We know the last 4years was a mess

Nigeria is cornering the market in extreme poverty.

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

Yarimo and sarrki will soon appear here to start defending the economic du.llard.

cc lzaa adaibeku nwanyionitsha deomelo

Watch Bubu and his followers shamelessly blame this on Jonathan as usual. I hope we all enjoy the next level, but most importantly, I pray we survive it.

immhotep:
Nigeria is cornering the market in extreme poverty.

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

Yarimo and sarrki will soon appear here to start defending the economic du.llard.

cc lzaa adaibeku nwanyionitsha deomelo

Deomelo wee now call bloomberg IPOB

He did nothing in first term


That's why he lost in enlightened areas



Where donkeys voted he won block votes

Watch how they will call bloomberg ipob, how can a sane person support buhari after the past 4yrs.....

Is either ur brain is dead or u are still dreaming

U can't be defending buhari and won't sound like a goat

LZAA:
Deomelo wee now call bloomberg IPOB

He will say that Bloomberg has been deceived by Nnamdi Kanu.
Sarrki and yarimo will now agree with him LOL.

Bubu the changer .lol

Nigeria my country, we all die here mehn!

Nigeria better come up with policies to discourage population increase.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.cnn.com/cnn/2018/08/28/asia/china-family-planning-one-child-intl/index.html&ved=2ahUKEwiym7mK7b_hAhWyThUIHULTCHgQFjAYegQIBRAB&usg=AOvVaw0OMnIymvTzSHYj3dC5jfYs&ampcf=1

next 4years will be worse...cant xpect anything better from a dullard

Disastrous that's the word !!!

Esseite:
Nigeria better come up with policies to discourage population increase.

China is the most populous country in the world, the entire Africa runs to them for loan, can Nigeria even lend Benin Republic N10,000?

It has nothing to do with increase in population it’s just a failed government.

okosodo:
I have no doubt that the next 4 years will be worse because you cannot give what you don't have

Mumu people will tell you pdp bribed Bloomberg.

Buhari is useless. Lifeless president

Eliminate illiteracy in Nigeria and then poverty will be eliminated. The same poor people who were doing the 4+4 are the ones made to believe that Buhari is the friend of the poor. It is the extreme poverty that is making northern Nigeria a den of criminals. From Boko Haram (northeast) to cattle rustling and kidnapping /armed bandits.
Finally I leave this message as food do thought to reasonable nairalanders,does buhari's body language look like he has any clue of fixing Nigeria's economy?