Nigeria Ranks Third Poorest Country in World

This Day (Lagos), Posted to the web June 30, 2006:

Head of delegation of the European Commission to Nigeria, Leonidas Tezapsidis, says Nigeria is ranked the third country with the highest number of poor people in the world.

Tezapsidis stated this at a workshop for Water Supply and Sanitation Sector Reform Programme (WSSSR) and Support to Reforming Institution Programme (SRIP) in Abuja yesterday.

Represented by Mostato Waker Risorrch, the EU boss said China and India were the only countries ahead of Nigeria.

“Doesn’t Nigeria have enough oil to take care of its citizens? No, Nigeria is not rich,” he argued.

He said oil alone could not eradicate poverty in Nigeria considering the proportion of poor people in the country.

“Nigeria may rival countries like Kuwait in oil and gas reserve but there are 50 times more Nigerians than Kuwaitis,” Tezapsidis argued.

According to him, if every Nigerian was to receive an equal share of the current high oil revenue, poverty would still not be over.

Read the rest of this article on allAfrica.com.

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