1. Poverty
If poverty is truly a disease, then that disease is really ravaging a great number of Africa’s largest nation. A 2015 report based on data collected on years between 2004 and 2014, suggests that too many Nigerians are poor.
The United Nations’ Global Multi-Dimensional Poverty Index (MPI) has three dimensions and 10 indicators in estimating overall poverty, each dimension is equally weighted, each indicator within a dimension is also equally weighted, and added.
It uses 10 indicators to measure poverty in three dimensions: Education, Health and Living standards. According to the MPI report, as at 2010, 46 percent of Nigerians lived below the national poverty line (Only 28 percent in urban areas, and near 70 percent in the rural). Although a Report by the World bank, released in 2014, showed that only 33% of Nigerians could be considered poor.
Only recently, Vice President Yemi Osinbajo stated that about 110 million Nigerians were still living below poverty line despite the policies of past governments to improve their welfare.
The Vice President however stated that the policy were wrongly formulated and as a result did not have direct impact on the people.
Poverty ranks first in top caused of death within Nigeria, and the economic hardship being experienced at the moment is about the worst the people have experienced.
If further broken down, one would realized that things like an alarming rate of unemployment, incessant cases of unpaid salaries and an ever increasing cost of living on all sides, has led to many to death, some even having to take their own lives.
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