P
ProfRem
Guest
The President, Dangote Group, Aliko Dangote, is worried that more than 100 million out of the country’s estimated population of 187 million are wallowing in poverty.
Dangote, who delivered a paper entitled: ‘Promotion of local manufacturing and poverty reduction in Nigeria: The private sector experience and policy options’, to the participants at the Executive Course No. 38, 2016 of the at National Institute for Policy and Strategic Studies, Kuru, near Jos, Plateau State said that the situation was unacceptable to him given Nigeria’s abundant resources.
He said, “It is a curious paradox that Nigeria, Africa’s largest oil producer, and the largest economy on the continent, also has one of the highest levels of poverty.
“It is estimated that more than 100 million out of a population of 187 million Nigerians live below the poverty line.”
Dangote said youth unemployment had risen to 42 per cent this year, with many graduates roaming the streets of major cities such as Lagos, Kano, Abuja and Port Harcourt, while quoting a United Nations report.
Acording to him, the spate of kidnappings, intermittent vandalism of petroleum pipelines in the Niger Delta, protracted insurgency in the North-East and current economic recession are all fuelled, to a large extent, by the high level of endemic poverty in the country.
Dangote, who delivered a paper entitled: ‘Promotion of local manufacturing and poverty reduction in Nigeria: The private sector experience and policy options’, to the participants at the Executive Course No. 38, 2016 of the at National Institute for Policy and Strategic Studies, Kuru, near Jos, Plateau State said that the situation was unacceptable to him given Nigeria’s abundant resources.
He said, “It is a curious paradox that Nigeria, Africa’s largest oil producer, and the largest economy on the continent, also has one of the highest levels of poverty.
“It is estimated that more than 100 million out of a population of 187 million Nigerians live below the poverty line.”
Dangote said youth unemployment had risen to 42 per cent this year, with many graduates roaming the streets of major cities such as Lagos, Kano, Abuja and Port Harcourt, while quoting a United Nations report.
Acording to him, the spate of kidnappings, intermittent vandalism of petroleum pipelines in the Niger Delta, protracted insurgency in the North-East and current economic recession are all fuelled, to a large extent, by the high level of endemic poverty in the country.