World Bank Predicts Economic Woes, Extreme Poverty for Nigeria

The world bank has released a report which shows that Nigeria is in for a more turbulent economic situation in the years ahead after it predicting that the poverty rate in Nigeria will increase by 30% in the next few years.

It former places Nigeria along with other countries with a high poverty rating like India. Nigeria was described by various critics as the emerging poverty capital of the world.

Some Nigerians expected that the economic recovery and growth plan of resident Bhari will help Nigerian economic get on the right track but it did not, years down the line, their recent reports have also foretold trouble for the Nigerian economy.

Nigerians have also reacted to the report which placed Nigeria as one of the poorest countries in the world, describing it as a sign that the government of the day has failed.

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