World Bank indicts Jonathan’s government, says massive poverty, unemployment killing Nigerians

The report says poverty and unemployment are growing despite government's claim of a robust economy

The number of Nigerians living in poverty is increasing significantly, the World Bank says.

The number of Nigerians living in poverty is increasing significantly, revealing a perplexing contrast between the nation’s economic statistics on rapid economic growth and minimal welfare improvements for much of the population, the World Bank has said.

“Poverty rates remain high in Nigeria, particularly in rural areas. These rates declined between 2003-2004 and 2009- 2010, although not nearly as fast as would be expected from the pace of economic growth in the country,” the World Bank said in its ‘Nigeria Economic Report’ May, 2013.

“While the officially reported growth rates of GDP well exceed population growth in the country, the pace of poverty reduction does not, this implies that the number of poor Nigerians living below the poverty line has grown measurably,” the report stated.

The World Bank said the first Nigeria Economic Report is designed to give some attention to longer term trends in the country, including the puzzle of why a decade of rapid GDP growth by official statistics, concentrated in the pro-poor areas of agriculture and trade, did not bring stronger welfare and employment benefits to the population.

Aside from the increase in poverty, the organisation said progress towards a number of the other Millennium Development Goals in Nigeria has also been disappointing, stating that Nigeria was ranked 153 out of 186 countries in the 2013 United Nations Human Development Index, as unemployment rates have been steadily increasing and younger Nigerians are encountering increasing difficulty in finding gainful employment.

The organisation said available data on unemployment suggest a similar story.

“Job creation in Nigeria has been inadequate to keep pace with the expanding working age population. The official unemployment rate has steadily increased from 12% of the working age population in 2006 to 24% in 2011. Preliminary indications are that this upward trend continued in 2012.

Another issue the report highlighted was that the official definition of employment in Nigeria (less than 40 hours worked in the past week) is unusual, and is therefore not comparable to that in most other countries. The negative dynamic is very consistent, however, with perceptions of the population of increasing difficulties for finding gainful employment. Going by this, the problem in Nigeria might best be interpreted as underemployment in contrast to unemployment proper.

Variance in reported statistics and reality

Reports over the recent years have continued to highlight the concern that the Nigerian economic statistics reveals a puzzling contrast between rapid economic growth and quite minimal welfare improvements for much of the population.

Nigeria’s annual growth rates that average over 7 per cent in official data during the last decade place the nation among the fastest growing economies in the world. This growth has been concentrated particularly in trade and agriculture, which would suggest substantial welfare benefits for many Nigerians.

“Nevertheless, improvements in social welfare indicators have been much slower than would be expected in the context of this growth. Poverty reduction and job creation have not kept pace with population growth, implying social distress for an increasing number of Nigerians. Progress toward the fulfillment of many of the Millennium Development Goals has been slow, and the country ranked 153 out of 186 countries in the 2013 United Nations Human Development Index” the World Bank said.

The Organisation said further data collection and investigations will be necessary to clarify this picture of what factors are responsible or explain the disparities between economic growth and the welfare indicators of the nation.

“Given the seeming inconsistencies between the national accounts data summarized above and statistics based on other surveys, it is imperative to conduct further investigations and statistical tests to uncover the true growth and development story in Nigeria” the World Bank said.

Against this backdrop, the World Bank said it is imperative that Nigeria finds a recipe to unlock rapid growth and job creation in a larger part of the country, as well as to increase standards of education, health, and other social services to enable its citizens to find gainful employment in the emerging growth poles.

“In sum, statistics on poverty and unemployment in Nigeria, together with other direct indicators of welfare, suggest a story that is rather different from the national accounts data. GDP growth has not been sufficient to support levels of poverty reduction and job creation necessary to prevent a growing number of poor and unemployed (underemployed) Nigerians.”

Despite the challenges, the World Bank states that the macroeconomic outlook for Nigeria in 2013 appears fairly strong, assuming that oil prices do not decline sharply and oil output stabilizes. The foreign inflows that generated the balance of payments surplus and reserve accumulation should continue, and will stimulate domestic demand. In this context, particularly if there are better weather conditions in 2013, the pace of economic growth could accelerate somewhat.

“Overall, 2013 should provide a favourable context for the realization of key reforms and investments (power, roads, business climate, education, health, agriculture) that could generate the non-oil growth, productivity increases, and jobs needed to ensure the country’s prosperous future”.

The Jonathan administration has increasingly made reference to Nigeria’s GDP and economic growth as signs of successes while the opposition and several Nigerians lament that those growth have not had a corresponding effect on the lives of average Nigerians.


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  • wole agunbiade

    No I cannot believe this. But President Goodluck Jonathan just spoke through his media aide Reuben Abati that the ship is not sinking. If the Captain of the ship said the ship is not sinking how can this be true? There is no poverty, every Nigerian citizen is employed. Nigeria is the ONLY country in the world with FULL employment. Not even the Asian tigers can beat Nigeria’s employment record under GEJ. Look President Jonathan SPOKE the TRUTH, thru Reuben Abati, the ship is not sinking. This cannot be true!

  • bashwaziri

    And the clueless confused Jona said his government has straight A’s from all statistics and score card! Even to the extend of calling opposition parties as unpatriotic and other names.
    Those supporting this drunk government come 2015 berra wake up from their slumber. PDP and GEJ are both failures!!!

    • Seun

      Now we know my brother why they are asking for “score card” for a govt that did nothing meaniful other than pardon Alams

    • Am so glad that the same Nigeria Economic Report acknowledged the fact that there is tremendous growth in our economy since 2011 all thanks to GEJ and his economic team.

  • Mandator

    Premium Times! So if there is poverty (and unemployment) in Nigeria, it is Jonathan that the World Bank has indicted? The governors and council chairmen have no blame at all? All the trillions of naira that have accrued to Nigeria since May 2011 were pocketed by Jonathan? Governors and council chairmen are tackling poverty and unemployment but only Jonathan is not? Premium Times lacks the ability to be objective, much less analyse issues with some intelligence. What a shame. A fair report would reflect that Jonathan, governors and council chairmen all have a blame in this. What a shame.

    • Abubakar Sokoto

      Mandator, if America works or fails to work, on whose table do the bucks stop? Obviously it is Obama-abi no be so? When Presidents get the perks of office, they must take the responsibilities. Mandator, please tell President Jonathan what to do if he wants ONLY the perks of office but not the responsibility. This is a way of telling you straight in the face that in modern societies, the buck stops on the table of whoever is the head or president. Please DO NOT pass that buck.

      • mandator

        We can as well attribute the beautification of Lagos, Lekki bridge, 10-lane Badagry road, reconstructed Gbagada General Hospital to Jonathan then… He should take credit for everything, right?

        • Abubakar Sokoto

          Surely I can see the basis of the poverty of ideas in President Jonathan’s govt. If you his online aides think that beautification of Lagos is conceptually, programmatically, and practically the same as employment and education of Nigerian citizens , then those who say Goodluck Jonathan is clueless have good points. What I think they fail to add is that Goodluck Jonathan is clueless precisely because those who surround him like you his aides are clueless and that is the tragedy of Nigeria. It is obvious that being an efficient and effective president goes beyond the claim of “my turn”! Ol boy Ideas are needed!

          • There are people with clues yet they are not coming forth and present it to the nation rather they sit by the sidelines and shout foul even when it is not so. Nigerians heed the voice of wisdom and ensure we do the right thing at the right time.

          • lozzyfather

            so employment in Nigeria and the alleviation of poverty are on d exclusive list?

  • Mani_Kay

    Simply not true for all of Nigeria. This report may be true for the Northern Muslim Hausa-Fulani dominated States who out of their own free choice decided to pursue poverty in the name of Islamization of Nigeria using Boko Haram and the Almajiri system as their main fronts. These Northern Muslim Hausa-Fulani dominated States have never been productive in Nigeria and they not contribute to GDP. However, the Ibos and other ethnic groups from the South and Middle Belt including Northern Christians have always operated viable vital businesses in the Northern Muslim Hausa-Fulani States in order to cushion their self induced poverty. But with the increase in Boko Haram violent attacks all of these people’s productive activities have severely been curtailed or in most cases closed down. The Northern Muslim Hausa-Fulani States are now only relying on Federal Allocations for which they alone consume over 95% of the total available. But unfornatley, and unlike the private sector ventures, the Federal Allocations easily flow into the private pockets of their Emirs, Governors and politicians. The World Bank should guided accordignly.

    • jonathan

      Resurrected Ken Mani _na_ Mani_kay, alias mpitikwelu alias, I understand your tribal lens. It is that same tribal lens that your sponsor Goodluck Jonathan brought to office which is the BANE of Nigeria today. Carrry Go, your response is ALWAYS WELOCOME AND PREDICTABLE. THEY ARE USED TO GAUGE GEJ’S MIND HIMSELF. Thanks so much. I expect you to metamorphose into another name soon.

    • David

      mpitikwelu or what do you call yourself-Man Kay abi na Ken Mani- why do you want to contradict yourself? why cant you trust the data of the organization you once told us on this platform that “Madam”(that is what you called her) coordinator of economy-Ngozi Iweala “ran”(your words). To play your ethnic/tribal game-at least “madam” na from una side-South east-abi? So if you once trusted the organization that “madam” ran that we ‘mai guards” cannot work in, why cant you trust the data of the same organization now? We “mai guards” are just asking simple questions ooooo Mr. peter 2000 alias Mani_kay na_mpitikwelu

    • Seun

      The fact is that Niger delta collects over 70% of the federal resources (based on 13% derivation fund, external reserves funding and sovering wealth fund accounts
      ) the total money to be shared is less than 20% of the total gross. the north could not be said to be collecting 95%.

      • Mani_Kay

        My friend do not be deceived…….shine your eyes….and look beyond the so called 13% derivation……….Please learn to include the allocation to the States and Local Government in your calculations. The North West geo-political zone alone has 7 States while the South East for example has only 5 States. Kano State alone excluding Jigawa State which was carved out of Kano State has 44 Local Governments while Balyesa State in the Niger Delta has only 8 Local Governments. Please add up all the allocations plus special allocations from the Federal Government to the Northern Muslim Hausa-Fulani States on spurious agricultural projects, water resources projects, fertilizer projects etc. etc. then you will easily arrive at the fact that over 95% of allocated Federal resources go to the unproductive but destructive Northern Muslim Hausa-Fulani States.

        • Timothy

          Mr. Mani_kay with this kind of defense you are not helping your paymaster_Predent Jonathan. Just like President Jonathan and PDP did not the case of elections in the NGF by turning 16 votes (as against 19 votes) to the “winning” votes by maling simple arithmetic to lie, you are also making simple arithmetic to LIE here. Beside 13% derivation to the Niger Delta, same Niger Delta collect allocations to their LGs just as others, they collect money for developmental projects just as other states. So the edge remains-the 13 % derivation-and no one quarels with that . but for you to LIE so barefacedly with basic arithmetic is NOT good.

          • Mani_Kay

            @Timothy: You need to be properly educated. I stand by the estimates I indicated in my comments above. Let me explain. Lets assume that revenue allocations in Nigeria started in 1960. It is a well known fact that the British colonial masters assisted the Northern Muslim Hausa-Fulani to falsify their population figures; this is used for revenue allocation. Secondly it is also a well known fact that the Northern Muslim Hausa-Fulani using their military wing created so many States and Local Governments and charged same to the Revenue allocation pool. It is also a well known fact that the Northern Muslim Hausa- Fulani have been in charge of managing Nigeria’s oil since independence. It is also a well known fact that the Northern Muslim Hausa-Fulani allocate to themselves all the lucrative Federal Government positions, Ministries and Government Agencies. In fact, to date no none Northern Muslim Hausa-Fulani have headed the Federal Capital Territory since it was created. This is just one tiny example. I can go on and on without stop listing all the avenues through which the Northern Muslim Hausa-Fulani receive Federal allocations or call it their share of the national cake. ===== Fast Forward: when did 13% derivation start? Less than 13years ago and from 1960 to date is about 53years. Now calculate all of Nigeria’s earning since 1960 till today and you will discover that over 95% have gone to the Northern Muslim Hausa-Fulani through various channels apart from the official revenue allocation channels which in aggregate and cumulatively still stands in their favour.

        • South delta nation

          Mani-Kay well said my bro….

    • ACTION MAN

      Please let us limit ourselves to the issues. poverty and unemployment work together. It does not matter whether what religion you have or the section of the country you come from. Agreed GED is not not the cause of the biting poverty in the land but the question is what conscious and tangible effort can you show us that his administration has made to assuage the situation? You may extend this question to previous administration – but of what use is it crying over spill milk. I would rather use the resources I have today and develop the country and also chart a plan of action.

      • Improvement in Economic Indices – In October 2011 International Ratings
        agency, Fitch Ratings revised the country’s Outlook upwards from
        Negative to Stable. Standard and Poor’s another internationally respected and independent
        ratings agency, revised Nigeria’s ratings from stable to Positive.

        • blogNaija

          can Nigerians eat macroeconomic growth/international ratings? until the result translate into employment for the teaming youth (employable & trainable), better healthcare, electricity; it is utterly useless.

          it is not about share the money but creating a system where people are rewarded based on pure intellect/hard work.

    • hmjamo

      you are nothing but a coward.

  • ACTION MAN

    Evidence No. 2 of a “Sinking Ship”! Is this not the Ngozi’s World Bank?
    Oga Abati please ‘abuse’ this World Bank people, refute their claim and give us the true position.

    • DemSay

      Yes o! Please Mr. Spokesman could you please give us your ‘authentic’ figures?

  • PEOPLE

    WORLD BANK EXECUTIVES ARE VERY CORRUPT. THEY HELD BIG PEOPLE IN NIGERIA TO TAKE AWAY OUR MONEY. THEY SHOULD SHUT THERE MOUTH PLEASE. THEY CREATE THE UNEMPLOYMENT FOR NIGERIA BECAUSE OF THEIR STEALING

  • There are three main reasons why Nigeria is continuing to wallow in poverty, and they include:

    Income inequality :
    Income inequality worsened from 0.43 to 0.49 between 2004 and 2009. This is correlated
    with differential access to infrastructure and amenities. In particular, there are more rural poor than urban poor. This results from the composition of Nigeria’s economy, especially the energy (oil) and agriculture sectors. Oil exports contribute significantly to government revenues and about 15% of GDP, despite employing only a fraction of the population.Agriculture, however,
    contributes to about 45% of GDP, and employs close to 90% of the rural population.

    This in-congruence is compounded by the fact that oil revenue is poorly distributed
    among the population, with higher government spending in urban areas than rurally. High unemployment rates render personal incomes even more divergent.
    Moreover, the process of oil extraction has resulted in significant pollution, which further harms the agricultural sector.

    Long-term Ethnic conflict and civil unrest :
    Nigeria has historically experienced much ethnic conflict. With the return to civilian
    rule in 1999, militants from religious and ethnic groups have become markedly
    more violent. While this unrest has its roots in poverty and economic competition, its economic and human damages further escalate the problems of poverty (such as increasing the mortality rate). For instance, ethnic unrest and the displeasure of local communities with oil companies has contributed to the conflict over oil trade in the Niger Delta, which threatens the
    productivity of oil trade. Civil unrest might also have contributed to the adoption of populist policy measures which work in the short-run, but impede many poverty alleviation efforts.

    Political instability and corruption :

    Nigeria’s large population and historic ethnic instability has led to the adoption of a
    federal government. The resultant fiscal decentralization provides Nigeria’s
    state and local government’s considerable autonomy, including control over 50%
    of government revenues, as well as responsibility for providing public services. The lack of a stringent regulatory and monitoring system, however, has allowed for rampant corruption. This has hindered past poverty alleviation efforts, and will continue to do so, since resources which could pay for public goods or directed towards investment (and so create employment and other opportunities for citizens) are being misappropriated…CULLED FROM WIKIPEDIA.

    We all could recall that in the past, it is easier for a camel to pass through the eye of a needle than for an ordinary Nigerian graduate citizen to secure a job in the prestigious NNPC (Nigeria National Petroleum Corporation)and DPR (Department of Petroleum Resources), but
    Goodluck’s regime broke that unending yoke of you-must-know-somebody-to-work-in-NP-and-DPR.

    For the very first time in the history of Nigeria, NNPC conducted a very free and fair mass recruitment in 2010/2011 (which the bad eggs did all they could to stop it from being free and fair, saying not everybody is supposed to work in NNPC and DPR, so that they and their family members alone would occupy those offices as their monarch), in which so many
    Nigerian youths who never dreamt of working close to NNPC and DPR, saw themselves inducted as full staff of NNPC and DPR, can someone please give Goodluck a thunderous applause

    As if that was not enough, President Goodluck Ebele Jonathan instructed all government ministries and parastatal heads to go back to their ministries and look for a way to create mass jobs for the teeming population of unemployed Nigerian youths. This instruction led to the
    birth of so many recruitments in government ministries and agencies you had been applying for and also benefitting from- NAFDAC, NHIS, NPF, MILITARY, AIR FORCE, NYSC, INEC, NIMC, NSCDC, PENCOM, CBN, NIMASA, CUSTOM, FERMA, etc.

    And in an effort to ensure that no section of the population is left out, he and his financial index suppliers initiated the SURE-P programme that has empowered so many youths to become employers of labor through entrepreneurship empowerment.

    Under Goodluck Ebele Jonathan’s regime, many giant industries that employed uncountable numbers of Nigerians have sprang up.

    He commissioned the first can making company in Nigeria- GZI, owned by some Israeli investors, and located at Agbara Industial Estate, Ogun State. He commissioned an armored vehicle assembling plant recently in Ogun State. During his regime, INNOSON Motors (IVM) commissioned their first vehicle manufacturing plant in Anambra State. He commissioned a
    multi-billion naira Dangote Group cement plant at Obajana. And so many more that I wouldn’t want to bore you with right now, and all these owe tribute to his resolution to improve, and increase Nigeria’s power generation wattage to encourage more industries to spring up.

    Did corruption in Nigeria start during Goodluck Ebele Jonathan’s regime? Have we all forgotten how Babangida, Abacha, Abdulsalami, and Obasanjo looted our treasury funds and left Nigerians to suffer? What evil has Jonathan done to Nigerians to deserve all these hatred? Was he the one that initiated Boko Haram? In case we don’t know, Boko Haram (Western
    Education is Forbidden) started during Yaradua’s regime, and were operating underground until Jonathan’s oppositions decided to use it as a tool to destabilize Jonathan’s regime and make it ungovernable, and we still expect Jonathan to perform magic, how?

    The GEJ-led government have engaged in a concerted effort to eradicate totally poverty and the high rate of youth unemployment and still there are many factors impeding the overall success of that effort.

    No one singular person or president will change Nigeria and turn it into our fantasy land; Nigeria can only change for good when all Nigerians decide without looking back, to change Nigeria as a society free from tribalism and religious bigotism .

    • jonathan

      ndidi_na_mpitikwelu_na_Ken Man- na disguising as both man and woman_na_deri_na_afam how now? Your sponsor Jonathan has really made “great” strides.

      • My name is Agatha Ajayi go to my Facebook page and see who i am if you are interested, there is no need defrauding you when am entitled to the truth.

  • Khafilat Adeoye

    Just yesterday, I read about 10.5million Nigerian kids out of school; today I reading World bank Report on poverty in Nigeria. The truth is that most of these negative statistics on Nigeria are attributable mainly to state of things in the Northern Muslim Hausa-Fulani States and they are not doing anything about it; instead they are struggling to occupy Aso Rock. Why? I suggest that a comprehensive state of emergency should be declared in the Northern Muslim Hausa-Fulani States so that the Federal Government can effectively tackle the backwardness in the Northern Muslim Hausa-Fulani States.

  • Frank

    I advise everyone to read the full report and form their opinion whether the World Bank ‘indicted’ Jonathan’s government or whether they merely said the government is trying but should try harder.
    http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/05/14/000333037_20130514101211/Rendered/PDF/776840WP0Niger0Box0342041B00PUBLIC0.pdf

  • Frank

    By the way, these are the average zonal poverty rates Nigeria from the report. It clearly shows that the poverty rates are predominantly higher in the North. Doesn’t that tell us that the Northern governors and Boko Haram have a hand in the poverty rates?

    North East = 59.7
    North West = 58
    North Central = 48.8
    South East = 39
    South South = 37.6
    South West = 30.6

    • OLA PEDRO

      are u saying boko haram started their satanic activities because of poverty-very soon we shall be told that Al Qaida came as a result of poverty in the arab world–boko haram is an ideological movement created to enthrone the fulani hegemonic power in the north and the entire country–it has nothing to do with poverty

      • Nelly Nwandu

        Very true. God bless you my brother.

  • Enemona

    It’s just shocking that rather than face our collective problems of poverty and unemployment brought about by our elite from every part of the country, many of you are fighting each other and talking about regions and religions.

    One question for you all: Is our religious and ethnic difference the problem here? Can any of you comfortably beat your chest and tell yourself that your politicians have been clean and without corruption? North, west, east or south, we are commonly affected by these ills. Nobody is fully insulated from the scourge of corruption and ineptitude.

    Should we not concentrate on these issue and sincerely unite to fight our tormentors? Once this incredulity is resolved then we can begin to make progress else we’re doomed.

  • Frank

    People shld go and read the ACTUAL Report and stop taking their interpretations of d report from a news source known for its virulent PROPAGANDA against d Govt: the Report was actuali generali FAVOURABLE and (even more importantly) OPTIMISTIC about Nigeria and d current Govt’s Economic policies, although sm weaknesses were pointed out for subsequent corrections. For instance, d Report actuali said that Poverty Rate DECREASED in d last 2 years (from 48% to 46%) but d rate of decrease was not keeping pace with d much faster increase in GDP (2% Vs 7%), and was lower than d Population growth rate (2% Vs 2.7%) thereby producing a situation whereby though d Rate of Poverty is decreasing, d No of persons actuali in Poverty has slightly increased cos of d higher Population Growth Rate (hence, d advice from d Report to Govt was to ‘increase’ d Rate of Decrease of d Poverty to keep pace with the much faster Rate of Economic Growth, ie improve Distribution of d considerable Wealth been made in d Economy to as many people as possible esp those in d Rural areas, as well as also ensuring that this Rate of Decrease in Poverty outpaces Population Growth Rate)…… People shld actuali read the Report from d Source. NOWHERE was d Govt ‘indicted’; as a mata of fact, its programs were rather optimistically/favourably appraised, with d proviso of d need for even more pace in d direction it is going..

    • Enemona

      Yes, absolute poverty rate has reduced by 2% and GDP growth rate has been 7% and even over 5% on the average in the last decade, that should be enough to pull more than 7% of the Nigerian population out of poverty.

      Alas, what do we have? Higher unemployment (from 11% in 2006 to over 24% in 2011) and higher poverty per capita (from 62.6% in 2009 to 64.2% in 2013). And don’t dare blame that on the population growth rate because unemployment figures have far outstripped the unemployment rates since 2004.

      GDP means nothing if it’s not seen relative to other factors like population growth and standard of living. That is why REAL GDP per capita is a better measure and HDI too. On both, our government has failed woefully, no improvement at all. By the way, do not forget that Nigeria is starting from a low base (after rhe military misrule) and any little upwards movement will result in high rates of growth.

      Since the GDP growth rate has not translated to reduction of unemployment and poverty rates per head then it is one of two things.

      1. The GDP growth is not inclusive. Only a few Nigerians have appropriated this growth to themselves, a real possibility considering our thieving elites and their recently emboldened corrupt hands.

      2. The (P)GDP figures are inaccurate. A very real possibility considering the dubious nature of our official statistics. This is even made glaring by the fact that no country grows at the rate of 5% for a decade and still have growing unemployment rates and poverty rates per capita. This contradiction is even made cleared when you factor in the multiplier effect of GDP growth rates on factors like employment and poverty.

      There’s something structurally wrong with the Nigerian economy and that is corruption and poor institutions. Our governments have failed to reform and when they do, they do it for their selfish ends thereby causing more harm.

    • Enemona

      Bullshit about poverty rates and GDP rates, even under the military, we heard the same.

      These quotes from the report support my points:

      “Poverty reduction and job creation have not kept pace with population growth, implying social distress for an increasing number of Nigerians. Progress toward the fulfillment of many of the Millennium Development Goals has been slow, and the country ranked 153out of 186 countries in the 2013 United Nations Human Development Index.”

      Emphasis is on their data source: official statistics.

      “…….trends in the country, including the puzzle of why a decade of rapid GDP growth by official statistics, concentrated in the pro-poor areas of agriculture and trade, did not bring stronger welfare and employment benefits to the population.”

      As you can decipher from the report, even the world bank researchers are astounded:

      “What explains the disparities between economic growth and most welfare indicators in Nigeria? Further data collection and investigations will be necessary to clarify this picture.”.

  • Dr Pat Kolawole Awosan

    Well! some naive and ethnic bigots would oppose this transparent report by the World bank.But the truth is that poverty is growing under president Jonathan clueless and ineptitude and very corrupt regime.
    This report is the true picture of the social chaotic situation in Nigeria regardless of whose ox is gore.
    Nigeria graduates ready employment is commercial motorcycles riding-[Okada] and there is no employment generation means except politic and corruption practices.
    People like Mani-Kay refused to face the fact and accept the truth on ethnic/tribal ground and Nigeria is worst off than president Jonathan met as there is no regular power supply,death trap roads,archaic healthcare system and hopeless future for our youths and graduates.

  • Charles

    RADIO BIAFRA; Log-on daily by 7pm(GMT) AND call +447831308376.Join Radio Biafra
    facebook page.

    BiafraVS Nigeria court case comes up on the 25th of June @ the Federal High
    Court Owerri. Thank you.

  • Nelly Nwandu

    Impressive statistics from World bank. How did we get into this economic mess in the first place? My take is that the downward drift commenced with the economic package handed over to IBB by World Bank itself tagged SAP (Structural Adjustment Programme) – a very unprofitable economic process that devalued naira, stifled economic growth and imposed poverty on Nigerians.

    It is a well know fact that SAP has never really benefited most African countries, rather, it created a climate that destroys micro and macro economic activities and impoverished a nation.

    I guess World bank is giving their usual statistics so that Nigeria will run to them again for solution and then they will offer yet another economic solution that will only benefit them and their cronies. Save us the gory statistic.

    Nigeria will develop, grow and flourish at its own pace and on its own terms with God’s help, hard work, tenacity, innovation and creativity which Nigerians are famous for.

    Every country have their challenges and we will work hard to solve ours. So stop buffeting us with these useless statistics. We do not really need WB to tell us we have challenges. These challenges was inherited by the present government and I do believe every government in Nigeria should and must do its best to solve them. Enough said.