Na wa o. Some people are buying Arms worth $9.7 Million, yet their Country is topping the list of 10
countries contributing to global poverty. Pathetic. Read full story after cut...
The World Bank has said that Nigeria will be one of 10 countries that, in the year 2030, will remain as the main contributors to global poverty.
It said that the scenario requires that in Nigeria, currently contributing heavily to global poverty numbers, growth rates need to rise, but not to a degree that is entirely unimaginable.
It stated that in Nigeria, the growth rate needs to pick up from 2.3 to 3.2 per cent growth in real term. According to the report Nigeria will contribute another 61.5 million poor people to the global total.
According to the World Bank, much more work needs to be done to end poverty and close the gap in living standards between those in the bottom 40 per cent and the top 60 per cent of the population around the world.
The report details, for the first time, the World Bank Group’s twin goals of ending extreme poverty by 2030 and promoting shared prosperity, measured as income growth of the bottom 40 per cent. GMR 2014/2015 continues to monitor progress on the Millennium Development Goals, which inspired the WBG twin goals. “The world has made great progress in the last quarter-century in reducing extreme poverty – it was cut by a stunning two-thirds, and now we have the opportunity to end poverty in less than a generation,” said World Bank Group President, Jim Yong Kim.
Na wa o. Some people are buying Arms worth $9.7 Million, yet their Country is topping the list of 10
countries contributing to global poverty. Pathetic. Read full story after cut...
The World Bank has said that Nigeria will be one of 10 countries that, in the year 2030, will remain as the main contributors to global poverty.
It said that the scenario requires that in Nigeria, currently contributing heavily to global poverty numbers, growth rates need to rise, but not to a degree that is entirely unimaginable.
It stated that in Nigeria, the growth rate needs to pick up from 2.3 to 3.2 per cent growth in real term. According to the report Nigeria will contribute another 61.5 million poor people to the global total.
According to the World Bank, much more work needs to be done to end poverty and close the gap in living standards between those in the bottom 40 per cent and the top 60 per cent of the population around the world.
The report details, for the first time, the World Bank Group’s twin goals of ending extreme poverty by 2030 and promoting shared prosperity, measured as income growth of the bottom 40 per cent. GMR 2014/2015 continues to monitor progress on the Millennium Development Goals, which inspired the WBG twin goals. “The world has made great progress in the last quarter-century in reducing extreme poverty – it was cut by a stunning two-thirds, and now we have the opportunity to end poverty in less than a generation,” said World Bank Group President, Jim Yong Kim.
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