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Home ยป Nigeria can’t develop with more than half of population living in poverty – Peter Obi
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Nigeria can’t develop with more than half of population living in poverty – Peter Obi

OsunDailyBy OsunDailyOctober 17, 2023No Comments2 Mins Read
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Labour Party, LP, presidential candidate, Peter Obi, has declared that Nigeria canโ€™t develop when more than half of the countryโ€™s population live in poverty.

Obi, who spoke on Tuesday in a statement released to mark this yearโ€™s World International Day for the Eradication of poverty, described the high rate of poverty in the country as a threat to national security.

As part of efforts to eradicate poverty, Obi urged governments at all levels to take urgent and positive actions to invest in healthcare and education.

He said: โ€œAs we mark the International Day for the Eradication of Poverty today, I restate my unwavering commitment and desire to pull millions of Nigerians out of poverty as part of my mission in the New Nigeria.

โ€œOur beloved country Nigeria is today, regrettably, known as โ€˜the poverty capitalโ€™ of the World.

โ€œAccording to the World Poverty Clock, over 71 million Nigerians live in extreme poverty today and a total of 133 million people, 63 percent of the population, are classed as multidimensionally poor according to the National Bureau of Statistics.

โ€œNo nation can develop with more than half of its population living in poverty.

โ€œAccording to Oxfam, the richest 0.003 percent of Nigerians, 6,355 individuals worth $5 million and above, have 1.4 times more wealth than 107 million other Nigerians. This high rate of poverty and gross income inequality, are obviously a threat to national prosperity , security and development.

โ€œInvesting in small businesses across the country has shown to be the fastest way of lifting people out of poverty, as has been proven by other comparable economies like India, Bangladesh, China etc.

โ€œAccording to the United Nations, India lifted approximately 415 million individuals out of poverty between 2000 and 2021. They achieved this remarkable milestone by reducing their global Multidimensional Poverty Index.

โ€œI, respectfully appeal to our Governments, at all levels, to take urgent and positive actions by reforming and investing in critical areas of development; health, education, and lifting people out of poverty.

โ€œThis remains my mission in the New Nigeria because it is possible.โ€


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