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A decade ago, Nigeria had far fewer people in extreme poverty than either China or India; today, it has more than both combined.
Nigeria’s young and fast-growing population is projected by the United Nations to double in size by 2050.
The proportion of Nigerians living in extreme poverty is on course to remain extraordinarily high for the foreseeable future.
The jobs are decreasing, the efforts to spur agriculture have failed, and foreign direct investment has fallen by half since 2010.
In Nigeria:
💼 Joblessness has more than tripled
🌾 Efforts to spur agriculture have failed
💰 Foreign direct investment has fallen by half since 2010 https://t.co/YKaxM0LYCX pic.twitter.com/cwJcEJWpYr— Bloomberg Opinion (@opinion) April 9, 2019
More than 2 million Nigerians have been effected by Islamic extremists which remains a huge threat, Violence persists in the oil-rich Niger Delta, and Climate change has caused clashes between herders and farmers.
Nigerians have two options to make a major change in decreasing the poverty rate. They could receive help from the United Nations, which won’t happen because they are stealing and sucking the life out of their natural resources. Their only hope is really try to finish what Gaddafi started with the Gold Currency plan. They could start selling the Nigerian oil in demanding payment in gold-backed “dinars” (a single African currency made from gold) which would devalue the euros and U.S. dollars but you would see a fast rise in their economy.
