About 100 million Nigerians live in destitution, the World Bank has said.
The World Bank Country Director for
Nigeria, Marie-Francoise Marie-Nelly, said....
this at the bank’s Country
Programme Portfolio Review in Enugu on Tuesday.
She said that the bank’s ongoing
commitment to Nigeria stood at $5.34bn. According to the World Bank
boss, the number of Nigerians living in destitution makes up 8.33 per
cent of the total number of people living in destitution all over the
world, which the bank plans to reduce drastically by 2030.
Marie-Nelly said although the World Bank
was the largest overseas development agency that provided assistance to
Nigeria, the contribution of the organisation to the country was very
small compared to the budgets of the states and the Federal Government.
She said if the World Bank’s small
assistance could produce so much result because of effective
implementation and monitoring, the revenues accruable to the country
could do much more if they were similarly utilised.
In Nigeria, 63 per cent of the population live on less than $1.25 a day.”
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