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Business News of Friday, 25 November 2022

Source: www.legit.ng

Peter Obi says poverty level is a threat to Nigeria's capacity and effectiveness

Peter Obi Peter Obi

The presidential candidate of the Labour Party, Peter has reacted to the recently released poverty report by the National Bureau of Statistics (NBS) which states that 133 million Nigerians are suffering from multidimensional poverty.

Obi cautioned that if the poverty rate in the country is not dealt with, it will destroy the nation's capacity and effectiveness and derail economic and social plans.

He disclosed this in a statement via his Twitter handle on Thursday, November 24, 2022, stating it is time to end politics as usual and disband the hordes of greedy and self-serving politicians in Nigeria and elect people connected to the masses.

The presidential hopeful said Nigeria's multidimensional poverty can destroy and reverse economic trends in the future.

According to him, Nigeria's rural areas are trapped in and reek of poverty, leaving Nigerian children miserable and uneducated, adding that 27 per cent of school-age children are out of school and suffering from poverty. In comparison, 94 per cent of schoolchildren are abysmal.