American news outfit Bloomberg has faulted President Muhammadu Buhari’s record as Nigeria’s leader considering the height of Nigerians living in abject poverty.
Concise News learned that in an assessment by the New York-based news organisation, it described the President’s achievement since the past four years as discouraging and further expressed doubt about the ability of the President to perform well in his second term.
Bloomberg, in its editorial, published on April 7, 2019, says: “Today, the number is about 600 million. This remarkable change is mainly due to growth in China and India. Much of sub-Saharan Africa, particularly Nigeria, has failed to share in the success.
“A decade ago, Nigeria had far fewer people in extreme poverty than either China or India; today, according to data compiled by the World Data Lab, it has more than both combined. The count stands at more than 90 million and has risen both in absolute terms and as a share of the total.
The report further read, “Nigeria’s young and fast-growing population is projected by the United Nations to double in size by 2050, making it the world’s third-biggest.
”Even assuming that the proportion of Nigerians living in extreme poverty stops rising as quickly as it has in recent years, it’s on course to remain extraordinarily high for the foreseeable future.”
Bloomberg disclosed that if Nigeria successfully ends poverty, it will facilitate growth of other neighbouring African countries.