By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Group Wednesday said it has set an interim target to reduce global poverty to 9 percent (9%) by 2020, which, if achieved, would mark the first time the rate has fallen into the single digits. According to Jim Yong Kim, President of […]
Tag: Poverty
Nigeria’s Poverty Should Be Lower Given Growth, IMF Says
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The share of citizens in Africa’s most populous country of more than 160 million who are considered poor fell to 62.6 percent in 2010 from 64.2 percent in 2004, […]
World Bank asks Nigeria to end extreme poverty
The World Bank has asked Nigeria and other developing nations across the globe to muster the political will to end extreme poverty by the year 2030. The Development Committee of the bank, which rose from its meeting on Saturday, called for the replenishment of the International Development Association Fund, the […]
