World Bank Reports 129 Million Nigerians Now Living in Extreme Poverty as President Bola Tinubu Celebrates Birthday

 As President Bola Ahmed Tinubu marks his birthday, the country faces a somber reminder of the deep economic challenges Nigeria continues to grapple with.

The World Bank has reported that an alarming 129 million Nigerians are now living in extreme poverty, a statistic that highlights the ongoing struggles many Nigerians face despite efforts towards economic recovery.

The report, released on the occasion of President Tinubu’s birthday, sheds light on the growing poverty rate in Nigeria, which remains one of the largest in the world. Extreme poverty is defined by the World Bank as those living on less than $1.90 a day. This figure now represents a staggering portion of Nigeria's population, leaving many questioning the effectiveness of current economic policies in lifting millions out of poverty.

While President Tinubu’s administration has embarked on various reforms to stimulate growth, including efforts to attract foreign investment and boost oil production, the report suggests that the benefits have yet to reach the wider population, particularly the most vulnerable.

Despite these challenges, President Tinubu has remained focused on his vision for Nigeria's economic future. His administration has prioritized infrastructure development, energy reforms, and diversification of the economy, particularly focusing on non-oil sectors such as agriculture and manufacturing.

However, experts have noted that the pace of economic recovery needs to be accelerated, and more inclusive policies are required to tackle the worsening poverty rate. With inflation and unemployment continuing to rise, many Nigerians are finding it increasingly difficult to meet basic needs, further deepening the cycle of poverty.

In his birthday message, President Tinubu acknowledged the report's findings and emphasized the government's commitment to improving the welfare of Nigerians. He reiterated that his administration remains steadfast in its mission to provide more opportunities for economic empowerment, address systemic issues, and improve the living conditions of the nation's poorest citizens.

The World Bank’s report comes as a stark reminder of the work that still lies ahead for the Nigerian government in reducing poverty. While the country has seen substantial progress in certain sectors, the significant challenge of eradicating extreme poverty remains an urgent priority for President Tinubu and his administration.

As the country celebrates the President’s birthday, the focus turns to finding more sustainable solutions that can lift millions out of extreme poverty, ensuring that the country’s vast potential benefits all Nigerians, not just the privileged few.

As President Bola Tinubu celebrates his birthday, the World Bank’s report offers both a reflection on the country’s achievements and a call to action for more concerted efforts towards addressing extreme poverty. With over 129 million Nigerians affected, the need for urgent and impactful policies has never been clearer. The future of Nigeria depends on how effectively the government can tackle poverty, stimulate economic growth, and ensure prosperity for all its citizens.