If you continue to navigate this website beyond this page, cookies will be placed on your browser. Agriculture also is the main occupation in this area. A United Nations, UN, report on Nigeria’s Common Country Analysis, CCA, has described the country as one of the poorest and unequal country in the world, with over 80m of her population living below poverty line. Omisore Speaks | Legit TVSubscribe to Legit TV for more political and celebrity news! In our comparison over 79 countries, the USA comes 9th with an average income of 65,850 “Over 80 million Nigerians live in poverty and are affected in one way or the other by the current humanitarian crisis. Nigeria came third among the poorest countries in the world with 35 million Nigerians classified among the poorest people in the world while India tops the list with 246 million people. However, it is estimated that up to a half of those diamonds are sold on the black market, denying the government of tax revenue and undercutting honest, hardworking businesspeople trying to do things the right way. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. This was as the report revealed that the country was deeply divided on the basis of plurality of ethnic, religious and regional identities. 10 poorest countries in the world 2018 #10. Okunade. Nigeria Is The 3rd Poorest Country In The World! Civil and ethnic wars 4. Having become an independent country only in 2011, Sudan is one of the world's youngest countries. Over 10 million children of school age are out of schools with no knowledge and skills. “Youth unemployment which is 42% in 2016 is very high, creating poverty, helplessness, despair and easy target for crime and terrorism. After remaining on top for decades, India has been displaced by Nigeria […] . “Increase in population, human activities like farming, construction and cutting of trees, use of wood and effect of climate change lead to environmental destruction across Nigeria. Nigeria-Nigeria, an African country on the Gulf of Guinea, has many natural landmarks and wildlife reserves. Although Nigeria is one of the poorest countries in the world, it is the largest producer of uranium . Exploitative colonization 5. Many are in Africa. Operatives of the Nigeria Police have filed criminal charges against a lawyer, James Idih and Otomiewo Ufuoma before the Magistrate Court in Abuja for fabricating false evidence against Architect Adamu Stephen Okunade. About half of Yemenis aged from 18 to 24 are not able to find work. The event kicked-off after the arrival of the President, Muhammadu Buhari. Though this country is the poorest country in the world as of toda… The situation has not changed over the decades, but is increasing. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. “The major challenges Nigeria is currently facing that constrain her economic growth and social development are lack of good governance, general increased insecurity across geo-political zones in North East, Niger Delta and Lake Chad region in particular. rwanda, somalia, sierra leone etc...their infrastructures is very impaired as a result of the war. “Break Nigeria into its component parts, and these parts of the country are among the poorest, if it were a country. Between 1990 and 2000, Nigeria lost an average of 409,700 hectares of forest per year on average deforestation rate of 3.5% per annum. Which is the World’s Poorest Country? Things like welfare, education, access to water and sanitation, and health services have improved, but access is very unequal. The poorest countries in the world might not be as obvious as you may have assumed. Rampant corruption and dictatorial regimes 3. Despite agriculture being the main occupation, the country still faces external debts. According to the charge sheet with charge no: CR/442/2020, the suspects were alleged to have tricked one Moses Isha and Gideon Ajogi into signing witness statements on behalf of the defendants to defend a suit against the complainant. The NBS report is based on data from the latest round of the Nigerian Living Standards Survey, conducted in 2018-2019 with support from the World Bank’s Poverty Global Practice and technical assistance from the LSMS program. Poor infrastructure is yet another cause for the weak economy. Hotel Martha is the most expensive hotel in Burundi - the poorest country in the world. Despite gaining independence from Belgium in 1960, the Congo has suffered decades of dictatorship, political instability, and constant violence. The “This in turn leads to unpredictable weather, drought and floods. The nation came third with 35 million Nigerians classified among the poorest people in the world, after China’s 72 million while India tops the list with 246 million people. President of the Senate, Ahmad Lawan, and other top Nigerian leaders, on Friday attended the Armed Forces Remembrance Day celebration which was held at the Eagle Square in Abuja. The National Bureau of Statistics (NBS) recently released the “2019 Poverty and Inequality in Nigeria” report, which highlights that 40 percent of the total population, or almost 83 million people, live below the country’s poverty line of 137,430 naira ($381.75) per year. Political instability 2. Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, with an estimated 87 million Nigerians, or around half of the country… Known for its astonishing wildlife, the flourishing tourism industry has not been able to lift the country out of poverty. “The vulnerable macroeconomic environment in Nigeria is affecting investors’ confidence in the domestic economy. Nigeria will be the ‘’poorest country in the world’’ by 2037 as global poverty shifts exclusively to Africa amidst decreasing poverty levels in Asia, Latin America and other parts of the world, says former chief economist at Goldman . 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