The report read in part: “Nigeria, with a population of over 175 million, is the most populous nation in Africa and the seventh most populous in the world. 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. In 2015, 55.1% of its inhabitants lived below the poverty line Exploitative colonization 5. The Vice President, Yemi Osinbajo, and Speaker of the House of Representatives, Femi Gbajabiamila were also in attendance. ‘’The fictitious Petition dated February 27, 2018, was supported by witness statements on oath of Otomiewo Ufaoma, with purported witness the statement on oath of Moses Isah and Ajogi Gideon To fraudulent misrepresent and support the petition. Okunade. About 80% of the Togolese that lives outside the … The World Bank Group works in every major area of development. Available reports indicate that there are over 3.3 million Internally Displaced Persons, IDPs, which is Africa’s largest, ranking behind Syria and Columbia on a global scale. Back in 2017 The defendants were said to have some time in 2018 invited Isha and Ajogi to his office to sign a statement to defend a suit fabricated to support a petition with the intention to cause injuries on Arch. Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report released in July 2019 by the World Bank. “In Nigeria, 37% of children under five years old were stunted, 18 percent wasted, 29% underweight and overall, only 10% of children aged 6-23 months are fed appropriately based on recommended infant and young children feeding practices. ‎. “Over-exploitation of natural resources and pollution of the environment, desertification are exposing the population to vulnerability and risks caused by climate change, among others. ‘’The alleged deponents to the statements on oath dated 26/02/2018 in support of the petition have by separate affidavits dated 14/01/2020 and 03/03/2020 before the Commissioner for Oath of the Federal Capital High Court denounced knowledge to their alleged statements on oath in support of the fictitious Petition’’. The World Bank provided technical support to the NBS throughout the entire survey implementation, introducing several methodological improvements that led to the availability of reliable data for the poverty estimates. Malawi is southeast Africas landlocked country that covers an area of 118,000 square km and has a population of 1… You’ll Be Surprised To See The Wealth Of Kids! Hotel Martha is the most expensive hotel in Burundi - the poorest country in the world. The situation is exacerbated by the existence of systematic accountability challenges, limited capacities of independent institutions/ commissions and limited accountability at the federal, states and local government levels. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Nigeria News 2018: Is Nigeria Truly the Poorest Country in The World? Despite agriculture being the main occupation, the country still faces external debts. The majority of the population is still dependent upon agriculture for their livelihoods, leaving the country’s economy especially vulnerable to weather-related disasters. To learn more about cookies, click here. 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. “Nigeria’s economy is currently in a recession and it is estimated that government revenues have fallen by as much as 33 percent, which has further resulted in the contraction of the Gross Domestic Product, GDP, by 0.36 percent in the first three months of 2016. All poor economies are in tatters because of various natural and human-made issues such as: 1. This site uses cookies to optimize functionality and give you the best possible experience. Which is the World’s Poorest Country? But there are some in Asia and even in the Americas. “Nigeria is one of the poorest and most unequal countries in the world, with over 80 million or 64% of her population living below poverty line. Although Nigeria is one of the poorest countries in the world, it is the largest producer of uranium . Average income around the world The worldwide highest income is earned in Monaco. “This in turn leads to unpredictable weather, drought and floods. Nigeria-Nigeria, an African country on the Gulf of Guinea, has many natural landmarks and wildlife reserves. Omisore Speaks | Legit TVSubscribe to Legit TV for more political and celebrity news! Poverty and hunger have remained high in rural areas, remote communities and among female –headed households and these cut across the six geo-political zones, with prevalence ranging from approximately 46.9 percent in the South West to 74.3 percent in North West and North East. Here are the top 10 poorest states in Nigeria 2021 according to data from the National Bureau of Statistics (NBS) Nigeria is a country blessed with mineral resources and is made up of 36 states. “Nigeria is a deeply divided society considering the plurality of ethnic, religious and regional identities that define her political existence. The situation has not changed over the decades, but is increasing. 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… Political instability 2. Known for its astonishing wildlife, the flourishing tourism industry has not been able to lift the country out of poverty. 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. Her population will be approximately 200 million by 2019 and over 400 million by 2050, becoming one of the top five populous countries in the world. Gross national income, or GNI, represents the sum total of money earned by a nation’s people and businesses within a given year. Looking at Luxembourg in particular, the GDP of the country in 2017 was 107,053 USD. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. 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. About half of Yemenis aged from 18 to 24 are not able to find work. Agriculture also is the main occupation in this area. 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. Tezapsidis stated this at a workshop for Water Supply and Sanitation Sector Reform Programme (WSSSR) and Support to Reforming Institution Programme (SRIP) in Abuja yesterday. This figure is in the country located west of Africa 11th in the ranking of the world’s poorest countries. Yemen - GDP per capita - $925.62 Yemen is the poorest country of the Arabian Peninsula. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 10 poorest countries in the world 2018 #10. Civil and ethnic wars 4. Between September of 2018 and October of 2019, the National Bureau of Statistics conducted the latest round of the NLSS, a decade after the previous one. Since independence in 1960, Nigeria has struggled to build and sustain national integration. This was as the report revealed that the country was deeply divided on the basis of plurality of ethnic, religious and regional identities. The “Despite the fact that Nigeria is a signatory to a number of protocols on sustainable and renewable environment, the country had, over the decades, failed to protect the environment, ecosystem and natural resources. Norway The GDP of Norway ranks as the second-largest in the world. ‎. The report was made public during a consultative meeting on the formulation of the UN Development Assistance Framework IV (UNDAF IV) for the South East geo-political zone in Awka. The second poorest country in the world is Mozambique with a forecasted GDP per capita of USD 502 for 2019. The poorest countries in the world might not be as obvious as you may have assumed. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015. Having become an independent country only in 2011, Sudan is one of the world's youngest countries. Also the report states that in recent years, there has been a growing sense that the economic recovery is shallow, and has not reached all layers of society. The event kicked-off after the arrival of the President, Muhammadu Buhari. The former Portuguese colony has high hopes of transforming its … According to the World Bank, the country has made some major improvements in reducing poverty but things are still very unequal between the haves and the have nots. These states are meant to be productive based on their available natural resources, and are meant to have a strong and honest government capable of managing these natural resources to generate its … rwanda, somalia, sierra leone etc...their infrastructures is very impaired as a result of the war. 2017 GDP per Capita: USD 4392019 GDP per Capita (projected): USD 4752023 GDP per Capita (projected): USD 551Although the DRC has abundant natural resources, unfortunately with a projected 2019 GDP per capita of USD 475, the country is in the unenviably position of being the poorest country in the world. Some of the charges read: ‘’Sometimes around Nov 2017 and early 2018, the defendant with the intent to maliciously injure the person of the complainant by way of fabricating false evidence invited to his chamber Gideon Ajogi and Moses Isha on separate dates to sign witness statements he made on their behalf to defend a suit. Somalia is the semblance of an emerging country. Many are in Africa. “Over 80 million Nigerians live in poverty and are affected in one way or the other by the current humanitarian crisis. In our comparison over 79 countries, the USA comes 9th with an average income of 65,850 Over 10 million children of school age are out of schools with no knowledge and skills. Head of delegation of the European Commission to Nigeria, Leonidas Tezapsidis, says Nigeria is ranked the third country with the highest number of poor people in the world. Most of its financials are derived from the funding from external sources. The police further revealed in the charge that the offences contravene section 158(2) of the penal code. The Nigerian Living Standards Survey (NLSS) is the official survey that is the basis for measuring poverty and living standards in the country and is used to estimate a wide range of socio-economic indicators including benchmarking of the Sustainable Development Goals. The Poorest Country in the World Which is the poorest countries in the world? As such, the country's economy is rather underdeveloped. There are several reasons for the poverty in Togo, but a few that stands out is the high amount of orphans, where the parents have died in AIDS. 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 Poor infrastructure is yet another cause for the weak economy. Only a few people are living above it. 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. “Youth unemployment which is 42% in 2016 is very high, creating poverty, helplessness, despair and easy target for crime and terrorism. Situated 400 kilometers off the coast of East Africa, Madagascar is the fourth largest island in the world. “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. 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. “The vulnerable macroeconomic environment in Nigeria is affecting investors’ confidence in the domestic economy. As per latest data, Nigeria has gone past India to become the nation with the largest number of people living in extreme poverty. 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. There has been severe political unrest in recent years, as calls for President Joseph Kabila, who took power after the assassination of his father in 2001, reached a fever pitch in 2018. The smallest budget per capita exists in Afghanistan. Protected areas such as Cross River National Park and Yankari National Park have waterfalls, dense rainforest, savanna and In 2019, the country's GDP increased to 119,719 USD. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Low literacy is another reason, only 63,7% can read and write. Though this country is the poorest country in the world as of toda… According to the report, some part of Nigeria had at different times expressed feelings of marginalization, short changed, dominated, oppressed, threatened, and even targeted for elimination. 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. After remaining on top for decades, India has been displaced by Nigeria […] Meanwhile, no date has been fixed for the hearing of the suit. The Police averred that the evidence fabricated against the complainant, who is a respected member of the Nigerian Institute of Architects (NIA), was wilfully and intentionally executed with the sole aim to bring the component of his profession to shame. 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