The former Governor of Anambra State and the presidential candidate of Labour Party (LP) ahead of the 2023 general election, Peter Obi had said that Nigerian is suffering from abject poverty
“27 percent of school-age children are out of school and poor, 29 percent of all school-aged children are not attending school, and 94 percent out of school children are very poor
“in spite of earning trillions in oil revenue, in spite of borrowing trillion naira for infrastructure development, almost half of Nigerians are poor and close to two-third of Nigerians do not have access to basic sanitation, access to basic education, lack basic nutrition and do not visit hospitals
“The political economy of this report should be made clear to every Nigerian voter because what it simply means is that government is not working
“It means that the state is working for the few, and not for all the citizens of the country. It means that the future is terrible for every Nigerian – young or old, rich or poor
“The trending of multidimensional poverty if not arrested immediately will damage state capacity and effectiveness and therefore disarray economic and social policies that will reverse the trend in the future
“If we combine atrocious fiscal decline with grand and pervasive corruption and the level of incompetence of public leadership to such generalized poverty, we will end up a completely collapsed state, thrown back to state of nature.
Unless the situation is arrested, with our population estimated to reach 400 million in the next 28 years, Nigeria would become a security risk to the entire Sub-Saharan Africa
“This report tells a story of the failure of economic policy of government. The failure of government to invest in basic social and human infrastructure and the lack of commitment to the wellbeing of ordinary Nigerians, especially those in the rural communities is heart-breaking
“The World Bank assessment of poverty in Nigeria in 2022 makes it clear that additional 5.1m Nigerians became poor this year. even if there was no pandemic and the war in Ukraine, Nigeria would still not have been able to reduce its poverty rate by any percentage because the policy administration has no impact on poverty
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