Everest Amaefule, AbujaAbout 152 million Nigerians live on less than $2 a day, representing about 80 per cent of the country’s estimated 190 million population, the African Development Bank has said. According to the AfDB, which stated this in its 2018 Nigeria Economic Outlook, the level of poverty in the country is unacceptably high. The Nigeria Economic Outlook is part of larger report, the African Economic Outlook, published by the bank on an annual basis. The Gross Domestic Product growth was estimated at 0.8 per cent in 2017, up from -1.5 per cent in 2016. “The outlook beyond is positive, with growth projected at 2.1 per cent in 2018 and 2.5 per cent in 2019.

Source: Punch February 05, 2018 23:03 UTC