Nigeria Now 2nd Highest Number Of Poor People Globally After India, Says Yemi Kale

Posted by Nwa Diokpa Featured, Latest Headlines, News Across Nigeria, World News Friday, October 3rd, 2025

(AFRICAN EXAMINER) – Yemi Kale, erstwhile statistician-general of the National Bureau of Statistics (NBS), has stated that astir 89 cardinal people, oregon 40 per cent of Nigeria’s population, are surviving beneath the poorness line.

Kale, who is presently the radical main economist and managing manager of probe and commercialized quality astatine Afreximbank, stated this astatine The Platform Nigeria’s Independence Day event, themed ‘Rebuilding Our Nation’.

The economist stated that Nigeria is the state with the second-highest fig of mediocre radical globally aft India.

“To grasp the magnitude of this number, we tin see that less than 20 of the world’s 195 recognised countries adjacent person a colonisation larger than conscionable Nigeria’s estimated fig of poor,” helium said.

“And these dynamics are compounding. Together, these trends endanger the precise committedness of independency that each Nigerian should person the accidental to thrive astatine home.

“So what went wrong? Well, determination are galore reasons, but a ample portion of it lies successful argumentation missteps and costly delays successful implementing needed reforms.

“Key adjustments, immoderate yet underway, should person begun implicit a decennary ago, erstwhile informing signs were already evident.

“Acting sooner would person importantly softened the interaction connected households and businesses, sparing the system years of compounding fiscal and inflationary pressures.

“Instead, distortive monetary and speech complaint policies lingered, eroding capitalist assurance and choking disconnected investment.”

Kale, speaking astir the economical reforms stated that the reforms precocious introduced are challenging and painful, but they are necessary, arsenic helium added that, “there is truly nary credible alternative”.

“The challenge, however, is to guarantee that the way of betterment is arsenic painless, humane, and well-sequenced arsenic possible,” helium said.

“But excessively often successful Nigeria this has been overlooked oregon possibly poorly implemented, resulting successful what I deliberation are avoidable hardships.”

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