Nigerians face a health crisis as 133 million people struggle with poverty.

According to a National Bureau of Statistics (NBS) poll, 133 million Nigerians live in severe poverty, which saddened Nigerians.

According to the study, 133 million people in Nigeria are living in various forms of poverty.

 

It asserted that poverty was caused by a lack of access to safety, employment, decent living conditions, and education. Additionally, research revealed that 35% of the almost 47 million poor people in the South reside there, as opposed to 65% of the 86 million poor people in the North.

 

Remember how the All Progressives Congress-led Federal Government pledged in 2015 to create three million jobs yearly in order to bring 100 million Nigerians out of poverty in ten years.

 

But recent events demonstrate the opposite.

 

The Socio-Economic Rights and Accountability Project (SERAP) urged President Muhammadu Buhari to quickly form a presidential panel to look into government spending on all programs and projects that were carried out between 2015 and 2022 that were aimed at reducing poverty and establishing social safety nets. This was done in response to the NBS report.

 

The 133 million poor Nigerians reported by SERAP “suggests corruption and mismanagement in the spending of trillions of naira on social safety nets and poverty alleviation programs, including the reported disbursement of over $700 million from the repatriated Abacha looted funds to these programmes.”

 

Additionally, a number of economic analysts condemned the nation’s federal, state, and municipal officials for plunging millions of Nigerians into utter poverty.

 

In response to the research, Mr. Idakolo Gbolade, a financial management specialist, revealed that a portion of the rising poverty rate might be attributed to the fact that 85% of Nigeria’s States heavily depend on funding from the federation for sustainability. He said that this portends poorly for the nation’s economic growth.

 

Idakolo said that the majority of Nigerian state governors had a condition known as “Laziness of the Mind.”

 

He expressed disappointment that the majority of the federation’s States lack the favorable conditions for industrialisation, which fuels income creation.

 

He asked the State government to focus on its own citizens in an effort to lower the poverty rate.

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