By Owei Lakemfa
The World Bank in its May 2025 Report stated that 75.5 per cent of rural Nigerians are engaged in deadly combats with poverty. The number in the urban areas, it said, is 41.3 per cent with an additional 13 million Nigerians, projected to slip below the poverty line by the end of the year. It also stated that 63 per cent of the entire peoples of the Giant of Africa are experiencing deprivations in various aspects of life.
The slavish Bank, which praises the Tinubu administration for allegedly taking hard decisions such as the removal of fuel subsidy and floating of the Naira, now says these measures, which have resulted in high inflation rates, are responsible for the deepening poverty. To these should be added the ever-rising electricity tariff and the prohibitive cost of fuel that have shot up transportation costs. This is to the extent that while the Constitution guarantees Nigerians the fundamental right to movement, this is circumscribed by the high cost of transportation.
