The World Bank has predicted that by 2030, about nine out of 10 extremely poor people in the world will live in sub-Saharan Africa, which includes Nigeria and others. In percentage term, this translates to 90 per cent of the population of the extremely poor people.
The Bretton Woods institution, which gave its forecast in its report named Poverty and Shared Prosperity 2018, just released, affirmed that forecast for 2018 suggested that Nigeria would take over from India as the country with the most poor people.
According to the report, the rate of extreme poverty and the number of poor in South Asia, which been constantly declining, would continue, resulting in a shift in poverty from South Asia to Sub-Saharan Africa.
“In a sign of change, however, forecasts for 2018 suggest that India’s status as the country with the most poor is ending— Nigeria either already is, or soon…
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