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$6.5bn repatriated loots fail to address poverty, underdevelopment


A major effect of this is a widened gap between the rich and poor as the country remains economically vulnerable, with inadequate infrastructure, erratic power supply, limited access to healthcare, education, insecurity, low broadband internet penetration and general low standard of living.
The latest data from the World Data Lab revealed that of the 209,707,456 people living in Nigeria, 89,822,903, that is about 43 per cent, live below poverty line of less than $1.90 per day.
Out of this figure, the number of poor people in rural areas is put at 56,481,799, that is 63 per cent of the total poor, while 41,406, 595, being 35 per cent represents the urban poor. ....

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