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Home Featured Post Nigerians Tremendously poor, says British PM
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Nigerians Tremendously poor, says British PM

By
Economic Confidential
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August 29, 2018
British Prime Minister, Theresa May
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Nigerians Tremendously poor, says British PM

Britain is worried by the bashing poverty in its erstwhile colony Nigeria and says the citizens are extremely poor.
As she visits Nigeria today, British Prime Minister Theresa May frowned at what she described as the rising inequality in wealth distribution. According to her, with no fewer than 87 million of its citizens living below $1.90 a day, Nigeria is home to the poorest people in the word.
The prime minister while speaking during her visit to Cape Town, South Africa, Tuesday, expressed sadness that though much of Nigeria is thriving, with many individuals enjoying the fruits of a resurgent economy, 87 million Nigerians still live on less than $1.90 a day.
“In 2018, five of the world’s fastest-growing economies are African. The continent’s total GDP could well double between 2015 and 2030. By 2050, a quarter of the world’s population and a quarter of the world’s consumers will live here. From the Western Cape to the Mediterranean come stories of increasing stability, growth, innovation and hope.
“South Africa, for so long blighted by the evils of Apartheid, is free, democratic and home to one of the continent’s largest economies. In Cote D’Ivoire, United Nations peacekeepers have gone home, and GDP is growing three times faster than in Europe. And Ethiopia – for a generation of British people often associated only with famine – is fast becoming an industrialized nation, creating a huge number of jobs and establishing itself as a global destination for investment.
“Yet, in a situation familiar to nations around the world, progress has not been uniform. As well as emergent democracies and growing economies, Africa is home to the majority of the world’s fragile states and a quarter of the world’s displaced people. Extremist groups such as Boko Haram and al Shabab are killing thousands. Africa’s ocean economy – three times the size of its landmass – is under threat from plastic waste and other pollution.

“Most of the world’s poorest people are Africans. And increasing wealth has brought rising inequality, both between and within nations. For example, much of Nigeria is thriving, with many individuals enjoying the fruits of a resurgent economy. Yet 87 million Nigerians live on less than $1.90 a day, making it home to more very poor people than any other nation in the world.”
The British High Commissioner to Nigeria, Paul Arkwight had announced on his Twitter handle @paulTarkwight that the Prime Minister would meet with President Muhammadu Buhari in Abuja, saying both countries were expected to work in partnership on trade, security and tackling the scourge of modern slavery and human trafficking.
While the UK is troubled by the country’s parlous economic outlook, America said Nigeria being a role model to all black race in the world and other developing countries should allow democracy to flourish.
“There is impunity in Nigeria and that needs to be addressed. Impunity is a threat to democracy,” the United States of America Embassy Counselor for Public Affairs in Nigeria, Mr. Aruba S. G. Amirthanayagam warned in a chat with journalists after paying a courtesy visit on Alhaji Zubair Idris, executive director of a privately-owned radio station in Minna, Niger State.

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