The President Muhammadu Buhari administration on Thursday admitted that 40 percent of Nigerians are poor. NAN reports that Finance Minister, Zainab Ahmed, made the declaration on Thursday. She spoke to State House correspondents after the National Economic Council (NEC) meeting anchored from the Presidential Villa, Abuja. Ahmed stated that Nigeria was in a very difficult
The President Muhammadu Buhari administration on Thursday admitted that 40 percent of Nigerians are poor.She spoke to State House correspondents after the National Economic Council Ahmed stated that Nigeria was in a very difficult time and facing a very significant economic downturn that has not been seen in its history.
“This represented a shortfall of N125.52 billion or 31 per cent of the prorated amount that is supposed to have been realised by the end of that first quarter. 40 per cent of the population in Nigeria, today, is classified as poor; the crisis will only multiply this misery. “So, we have already implemented suspension of deductions of a number of loans that have been taken by the states from April and also in May. The Economic Sustainability Committee is responsible for providing overall strategic vision, policy direction and general oversight of the implementation.”
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