Nigeria Are Now The Poorest Citizens In The World – The Economist Magazine

The Economist Magazine, in a recent review has shared that Nigerians are now the poorest citizens of a country across the globe, under Muhammadu Buhari’s first term as President.

The magazine disclosed that Nigerians should be expected to become poorer in the future as average income per Nigerian will keep falling till 2025, because it has been falling since Buhari came into power.

The report read, “by 2030 a quarter of very poor people will be Nigerian.”

“Long lines of lorries stretch like tentacles from Apapa port, the largest in Nigeria. Drivers doze in their cabs, feet flung over dashboards; some sling hammocks beneath the chassis.

“Musa Ibrahim, an ebullient trader, says he has been queuing for two days. He gestures at empty buildings.

“Most of the companies you see here they done close,”

“The Nigerian economy is stuck like a stranded truck. Average incomes have been falling for four years; the IMF thinks they will not rise for at least another six.

“The latest figures put unemployment at 23%, after growing for 15 consecutive quarters. Inflation is 11%. Some 94m people live on less than $1.90 a day, more than in any other country, and the number is swelling.

“By 2030 a quarter of very poor people will be Nigerian, predicts the World Data Lab, which counts such things.”