Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Poverty: Presidency refutes World Bank claim

18 November 2013, 12:14

Abuja - The presidency has refuted a claim credited to Marie-Franciose Nelly, the World Bank Country Director in Nigeria, that 100 million Nigerians live in extreme poverty.

This is contained in a statement issued by Nwanze Okidegbe, the Chief Economic Adviser to the President.

Okidegbe described Nelly's claim as "false", saying that the claim contradicts the position of Makhtar Diop, the Bank’s Vice President for Africa during his visit to Nigeria in May.

"In May 2013, Diop declared that poverty has fallen under this administration from 48 per cent to 46 per cent."

"Given our current population of about 170 million people, the Country Director’s imagery of 100 million Nigerian destitute seems to be based on a much higher poverty rate than that of her boss."

"The question that arises from this absurdity therefore is: who is right?

Okidegbe said that the administration of President Goodluck Jonathan had undertaken some reform programmes in key sectors of the economy like agriculture to create jobs and reduce poverty.

"Indeed, Nigeria was recently honoured for meeting the Millennium Development Goal (MDG) of reducing people living in absolute hunger by half, well ahead of the 2015 target set by the UN."

"On average, about 20 per cent of the Subsidy Re-investment Programme (SURE-P) is allocated exclusively to protecting the poor through different types of social safety nets."

"One important area of success is the Conditional Grant Scheme with total conditional cash transfer to almost 40,000 households and recruitment of over 2,000 new health workers working on improving maternal and child health,’’ he said.

The economic adviser said that instead of peddling inaccurate poverty numbers, the World Bank should focus on designing programmes and interventions to support the efforts of the government to accelerate poverty reduction in Nigeria.

-  NAN


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...