Friday, June 29, 2018

Poverty struck

The African continent has, indeed, emerged as the one living in extreme poverty. The findings based on a projection by the World Poverty Clock and compiled by Brookings Institute, show that more than 643 million people across the world live in extreme poverty, with Africans accounting for about two-thirds of the total number.

Over five million people in Zimbabwe are living in extreme poverty, throwing into doubt the country’s capacity to meet the United Nations Sustainable Development Goal to end extreme poverty by 2030.

Nigeria tops the list, with 86,9 million people living in extreme poverty, the Democratic Republic of Congo (60,9m), Ethiopia (23,9m), Tanzania (19,9m), Mozambique (17,8m), Kenya (14,7m), Uganda (14,2m), South Africa (13,8m), South Sudan (11,4m) and Zambia (9,5m).

Despite being the largest oil producer in Africa, Nigeria, for instance, has struggled to translate its resource wealth into raising living standards. The numbers of Nigerians falling into extreme poverty grows by roughly six people every minute,

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