Nigeria has been ranked the third nation with the poorest people in the world, according to an annual global wealth report compiled by the Swiss bank, Credit Suisse.
The nation came third with 35 million Nigerians classified among the poorest people in the world, after China’s 72 million while India tops the list with 246 million people.
According to the report, nearly three quarters of the world’s poorest billion live in Asian and African countries. Other countries contributing significantly to the bottom wealth bracket are Russia with 28 million of the world’s poorest, Ukraine with 25 million and the United States with 21 million.
In the report published on DPA website, many of the world’s richest and poorest people live in Asian countries, highlighting the unequal distribution of wealth.
The Vice President of Nigeria, Prof. Yemi Osinbajo has on Saturday disclosed that about 10 northern states remained the most poorest in the country. According to Osinbajo, the National Bureau of Statistics 2015 figures show that the poorest 10 states in Nigeria are in the North with the exception of…
The 10 poorest countries in the world unfortunately all comes from Africa and are suffering deeply of hunger and starvation. As cliché as it may be, many believe that money makes the world go round. Upon second thought, this notion really doesn’t seem to be too farfetched at all.…
The federal government of Nigeria has said it has no plans to increase company taxes or Value Added Tax in the country despite the dwindling oil revenue. However, government would do all it can to ensure that Nigerians pay their taxes as and when due, Minister of Budget and National…
