The last few years of the Nigerian economy has seen the country tagged ‘the giant of Africa’ steadily break into a woeful economic state enlarging the third world state to affect more of it’s large roughly 200 million population. Food scarcity, unstable electricity, high inflation rates, a few things Nigeria is known for.
The World Bank recently published a new survey stating Nigerians are living below N2,000 ($5.5) a day — the worst record in the world, it goes on to state less than 8% of working Nigerians earn above $165 (N60,000) a month, also the worst in the world.
This is completely unacceptable for a country with so many money generating natural resources. The foolish mismanagement of Nigeria’s funds by oblivious government officials is destroying the country.
In March 2018, the International Monetary Fund (IMF) also stated that Nigerians are getting poorer, a fact the Nigerian government seems ignorant about.
President Buhari, at a dinner organised in his honour on Monday, May 14, 2018, by the Jigawa State Government, said that the economy of Nigeria has improved, and his basis for the statement is that Nigeria’s foreign reserves have almost doubled. He conveniently forgot to state why our foreign reserved were depleted in the first place. (It was him, in case you were wondering), Konbini Reports.
Share of population living at below $5.5 a day.
South Africa: 57.1%
Longer list: https://t.co/YNlPz4JNzE
— The Spectator Index (@spectatorindex) August 19, 2018