X
    Categories: Latest VideosOn the GoTop StoriesVideos

Nigeria is home to highest number of very poor people in the world, says Theresa May

Britain's Prime Minister Theresa May is greeted by schoolchildren waving British and South African flags, during a visit to the ID Mkhize Secondary School in Gugulethu township, about 15 km from the centre of Cape Town, on August 28, 2018, as part of a three-nation visit to Africa in Cape Town where she is expected to discuss post-Brexit trade ties with the continent's most developed economy. / AFP PHOTO / POOL / Rodger BOSCH

Theresa May, prime minister of the United Kingdom, says Nigeria is home to the highest number of “very poor people” in the world.

Speaking in Cape Town, South Africa, on Tuesday, May said Africa is home to a majority of the world’s fragile states, and a quarter of the world’s displaced people.

She added that Africa has the highest number of poor people in the world, stating that 87 million Nigerians were living below the poverty line of $1 and 90 cents per day.

“Much of Nigeria is thriving, with many individuals enjoying the fruits of a resurgent economy, yet 87 million Nigerians live below $1 and 90 cents a day, making it home to more very poor people than any other nation in the world,” the UK prime minister said.

In June, the Brookings Institution named Nigeria the poverty capital of the world, overtaking India, a country with a total population of over 1.3 billion people.

At the time, the Nigerian government said Nigerians should dismiss the report, considering the fact that it was compiled when the country was in the throes of its worst economic recession in 29 years.

May said achieving inclusive growth is a challenge across the world, adding that Africa needs to create 50,000 new jobs per day to keep employment rate at its current level till 2035.

The prime minister said she wants the UK to become the biggest G-7 investor in Africa by 2022, building around shared prosperity and shared security.

“I am unashamed about the need to ensure that our aid program works for the UK,” May said, adding that a healthy African economy is good news for the UK.

“Today I am committing that our development spending will not only combat extreme poverty, but at the same time tackle global challenges and support our own national interest.”

“It is in the world’s interest to see that those jobs are created, to tackle the causes and symptoms of extremism and instability, to deal with migration flows and to encourage clean growth,” she added.

The 61-year-old said the UK is planning to sign a deal with Kenya to ensure the repatriation of stolen Kenyan funds stuck in the UK.

The UK has one of the biggest overseas aid programmes in the world, expending $18 billion in 2017 alone.

May will be visiting Nigeria later this week.