As a result, 57 million Nigerians lack safe water, over million lack adequate sanitation and the country has more than 10 million children out of school. In , between Nigeria is not a poor country yet millions are living in hunger.
The government must work with the international community to get food and aid to hungry people now. It must free millions of Nigerians from poverty by building a new political and economic system that works for everyone, not just a fortunate few. Increased investment in healthcare is linked to economic growth, and consequently to reducing poverty.
Nigeria is battling with a number of crushing health indicators including malaria, tuberculosis and infant and maternal mortality, all of which have a sweeping impact on productivity. In order to end poverty, we must harness the demographic dividends through investment in health, education and livelihoods - especially for our young people.
He was right. The UN projects that Nigeria will have an estimated million people by , making it the third-largest country in the world. Lower population growth is not an automatic panacea for poverty. Rather, an educated, healthy and resilient youth population, as has been the case in China, is the best catalyst for growth. However, an absence of planning or an allocation of insufficient resources towards harnessing this bulging population could spell doom.
This will mean investing in human capital potential and creating jobs for women and young people, increasing financial access and opportunities these groups in rural communities, and advancing technological innovation.
One of the low-hanging fruits would be to embrace educational reforms that focus on developing new skills through robust and well-funded technical and vocational education and training programmes for those millions of Nigerians outside the formal school system, or who possess only a primary education. Unlocking private-sector partnerships through incentives and social impact bonds as well as boosting entrepreneurial ecosystems with strong emphasis on apprenticeships are key ways the government can help to spur growth, as has been proven in other countries.
Also - and notwithstanding its limitations - access to microfinance has been proven to reduce poverty around the world. Another one of the main causes of poverty in Nigeria is the simple fact that many Nigerians, especially in rural communities, do not have the means to escape their circumstances. Setting up economic structures that empower Nigerian people is vital to combating poverty within the country.
Economic infrastructure is not the only infrastructure that is lacking in Nigeria. Currently, a lack of a robust educational system underserves many of the poorest Nigerians. These problems are especially profound in the northern, more rural parts of Nigeria. Terrorist groups such as Boko Haram that vilify Western education further exasperate the situation. Education gives many the skills they need to enter the workforce and escape impoverishment, and the lack of educational opportunity is one of the truly devastating causes of poverty in Nigeria.
Nigeria might be the most populous country in Africa, but they are running low on healthcare professionals. Meanwhile, big business and wealthy individuals benefit from tax waivers and concessions. All these factors intensify in the northern part of the country, where the poverty rate ranges from 76 to 86 percent. Why is Nigeria poor? Economic inequality, poor healthcare and lack of access to education have all contributed. For economic inequality to no longer be a problem, the world needs to step forward to improve health, economic conditions and education in the country.
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