preview

The Pros And Cons Of Poverty In Nigeria

Better Essays

The perception of Africa is often limited to poverty, disease, starvation and inequality. In 1999, extreme poverty affected 58% of the African population. That number has now fallen to 35%. With over 500 companies generating a turnover involving billions of dollars each year, Africa is not emerging – it’s already here.
Surprising to most, Africa is the world leader in online banking and mobile money transactions. The continent faces many challenges and difficulties, but Africa is evolving and already boasts numerous economies.
It’s no longer a continent of conflict. Many foreigners forget that most countries in Africa are democratically run.
Africa’s growth can be tracked in multiple areas, such as the improvement in democracy in government, population growth, demographics, education, and an uptake in IT and mobile phone usage.
Nigeria
One in every five Africans is Nigerian; that is an indicator of how large and populated Nigeria is. Often referred to as the “Giant of Africa” owing to this reputation, Nigeria has a population of approximately 187 million, and the largest youth population in the world. The country is home to over 500 ethnic groups, with Hausa, Igbo and Yoruba being the three largest.
Governed by President Muhammadu Buhari, who took over from Goodluck Jonathan in 2015, the country is run by a presidential government system consisting of the executive, the legislature, and the judiciary.
According to the Nigeria’s National Bureau of Statistics (NBS), the

Get Access