Business is booming.

Show Of Shame! America News Agency Reveals Shocking Secrets About Buhari That May Lead To The End Of His Reign…..See Details


Foremost American news platform known as  Bloomberg has stated that President Muhammadu Buhari’s achievement over the last four of his first tenure is not encouraging.

The International news agency based in New York,US stated further that it is’nt sure if  ‘Baba Go Slow’ “is up to the task” can revive the Nigerian economy in his second tenure of office.

Image result for Bloomberg

The popular news agency disclosed that in the year 2000 over 1.4billion people lived at or below the global poverty benchmark.

In its editorial published on April 7, 2019, Bloomberg stated that one of humanity’s most hopeful developments in recent decades has been the dramatic drop in extreme poverty, adding that Nigeria needs growth to defuse poverty time.

In an editorial post published on April 7,2019 affirmed that humanity has recorded an historic hopeful development due to the drastic drop in the extreme poverty rate.stating that Nigeria needs drastic growth to eradicate the poverty menace.

It stated  “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.

Image result for Bloomberg

“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.

Image result for Bloomberg

“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

Image result for Bloomberg

“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.

Image result for Bloomberg

“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.”

It will be recalled that Nigeria was named the world’s headquarter of extreme poverty according to a report released last year

“According to our projections, Nigeria has already overtaken India as the country with the largest number of extremely poor in early 2018, and the Democratic Republic of Congo could soon take over the number 2 spot. “At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million.

What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall. “In fact, by the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there is today. “Africans account for about two-thirds of the world’s extreme poor and that If current trends persist, Africa will account for nine-tenths by 2030.” “Fourteen out of 18 countries in the world—where the number of extreme poor is rising—are in Africa.”


Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More