• About
  • Advertise
  • Privacy & Policy
  • Contact
ONews Blog
  • Home
  • News
  • Social Media
  • Entertainment
  • Insights
  • Business
  • Lifestyle
No Result
View All Result
  • Home
  • News
  • Social Media
  • Entertainment
  • Insights
  • Business
  • Lifestyle
No Result
View All Result
ONews Blog
No Result
View All Result

43% of world’s poor people live in Nigeria, two others – World Bank

ONews by ONews
June 10, 2020
in News

Global economic growth could rebound next year but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year due to the coronavirus pandemic, the World Bank warned Tuesday.

The bank said three countries (India – 24%, Nigeria – 12%, DR Congo – 7%) with the highest shares of the world’s extremely poor are not projected to grow faster than their population, meaning that extreme poverty will remain at the elevated 2020 levels through 2021.

The projection came after the Washington-based development lender said Monday the pandemic could drive between 70 and 100 million people into extreme poverty in 2020 as the global economy faces its worst recession in 80 years.

Source: World Bank Before the pandemic, extreme poverty – defined as living on $1.90 per day – had been decreasing.

The bank expects growth to rebound by four percent in 2021.

“Nigeria, India and the Democratic Republic of Congo — three countries which we project are home to more than a third of the world’s poor – are predicted to have per-capita growth rates in real GDP of –0.8 percent, 2.1 percent and 0.3 percent, respectively.

READ  LASU Management Apologises for Varsity Shutdown

“With population growth rates of 2.6 percent, 1.0 percent and 3.1 percent, this is hardly enough for sustainable decreases in the poverty headcount,” the World Bank said in a blog.

The bank warned “South Asia may see a larger increase in the number of poor as a result of COVID-19,” particularly in India.

Of the 176 million people expected to be pushed below the $3.20 per-day poverty line, two-thirds are in South Asia.

Source: The Punch
Previous Post

Ondo 2020: Jegede Storms Abuja with former Deputy Governor, Rep members, Others for Nomination Form

Next Post

Ndume Calls For Part-time National Assembly To Save Cost

Related Posts

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC
News

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

January 11, 2021
Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor
News

Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

January 10, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

+ 28 = 30

  • Trending
  • Comments
  • Latest

Revealed: Names of LASU Lecturers Sacked for Non-Possession of PhD Degrees

January 10, 2021
Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

January 11, 2021

LASU Sacks 20 Lecturers for Non-Possession of PhD Degrees

January 9, 2021
How to Pay Tithe Using USSD Code at Living Faith Church (Winners Chapel)

How to Pay Tithe Using USSD Code at Living Faith Church (Winners Chapel)

April 20, 2020
Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

January 11, 2021
Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

January 10, 2021
Nigeria Immigration Service Headquarters Razed by Fire

Nigeria Immigration Service Headquarters Razed by Fire

January 10, 2021

Revealed: Names of LASU Lecturers Sacked for Non-Possession of PhD Degrees

January 10, 2021

Recent News

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

January 11, 2021
Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

January 10, 2021
Nigeria Immigration Service Headquarters Razed by Fire

Nigeria Immigration Service Headquarters Razed by Fire

January 10, 2021

Revealed: Names of LASU Lecturers Sacked for Non-Possession of PhD Degrees

January 10, 2021
Remembering S.L. Edu 19 Years After; the Godfather of Conservation Movement

Remembering S.L. Edu 19 Years After; the Godfather of Conservation Movement

January 10, 2021
LASG Impounds 100 Notorious Illegal Commercial Motorcycles on Restricted Routes

LASG Impounds 100 Notorious Illegal Commercial Motorcycles on Restricted Routes

January 10, 2021
LASU’s Pioneer Vice Chancellor, Prof. Folabi Olumide passes on at 81

Prof. Afolabi Olumide The Outstanding Real Father of LASU – Yemi O. Aanu

January 10, 2021
LASU: Let us do the right thing by Tajudeen Olanrewaju

LASU: Let us do the right thing by Tajudeen Olanrewaju

January 9, 2021

LASU Sacks 20 Lecturers for Non-Possession of PhD Degrees

January 9, 2021
ONews Blog

We bring to you talks/news of the day from every facet of life to inform, entertain and gives you fun, humour as well as other thought provoking contents. Check our pages for more.

Follow Us

News by Category

  • Business
  • Entertainment
  • Insights
  • Lifestyle
  • News
  • Social Media
  • Sports

Recent News

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

Breaking: Professor Oyedamola Oke Appointed Acting LASU VC

January 11, 2021
Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

Former LASU Don, Prof. Benjamin Aribisala, Appointed Oduduwa University Vice Chancellor

January 10, 2021
  • Home
  • News
  • Social Media
  • Entertainment
  • Insights
  • Business
  • Lifestyle

© 2020 O'News Blog - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
  • Social Media
  • Entertainment
  • Insights
  • Business
  • Lifestyle
  • English
  • Hausa
  • Igbo
  • Yoruba

© 2020 O'News Blog - Designed by Semasir Connect.

Enable Notifications    OK No thanks