One major crisis that continues to bother the global community is poverty. Researchers have noted that 14 out of 18 where poverty is on the increase are African countries, and of which Nigeria is one. If this rising rate continues, by 2030, 90% of the world’s poverty record will be in Africa.
It was only in June 2020 that Nigeria was reported on CNN to have overtaken India in extreme poverty. Nigeria is now among the list of 10 worst affected countries with extreme poverty. This leaves Nigeria with an estimated 87 million people, around half the country’s population, live on less than $1.90 a day According to the report, while poverty continues to decrease in India, the number of people falling into extreme poverty in Nigeria continues to by roughly 6 people every minute.
Another record has just been broken. Nigeria, only after beaten India to the race in extreme poverty in the world and is among the worst 10 countries in this category, just set another world record. According to the 2020 mortality estimates just released by the United Nations Children’s Funds, Nigeria, which recorded 209,000 neonatal deaths in 1990 had 270,000 in 2019 with a 61,000 increase.
Based on the World Bank report on the same matter, it was recorded that in 2017, India, with a population of 1.3 billion recorded 989,000 under-five deaths in 2017, while Nigeria, with 196 million citizens, recorded 714,000 deaths in the same year. India recorded 0.07% under-five death and Nigeria recorded 0.364%, With this, Nigeria has beaten India to it again by being crowned the world capital for deaths of children under the age of five.
In the bank’s bi-annual economic update, it was reported that purported African giant records the highest number of child malaria deaths anywhere in the world, adding that Nigeria had the highest number of out-of-school children anywhere in the world and that 90 percent of these children are from Northern Nigeria.
All of these because of poverty in the country. In Nigeria, access to basic social services is not universal and it does not look like anything is improving in this regard. Despite being the largest oil producer in Africa, Nigeria has failed to translate its resource wealth into rising living standards and has only got the 39% poverty record to show for it.