The presidency has dismissed reports that Nigeria is an extremely poor country. It maintains, however contestable, that Nigeria is not a poor country.
According to World Bank, Nigeria is among the countries where a large number of people are extremely poor.
Senior Special Assistant to the President, Doyin Okupe who dismissed the reports said, “It is not correct and it is a deliberate misrepresentation of facts meant to disparage this administration. What the World Bank chief said was that two-thirds of the world’s extremely poor are concentrated in just five countries which are India, China, Nigeria, Bangladesh and the Democratic Republic of Congo. If you add another five countries as Indonesia, Pakistan, Tanzania, Ethiopia and Kenya, the total grows to 80% of the extreme poor.”
He added, “While government appreciates the challenges of poverty eradication and wealth creation among the populace and is doing everything to address the same, it will be false and uncharitable for commentators to use the statement as a basis for concluding that Nigeria is extremely poor or that the Nigerian economy is one of the poorest in the world”.