Alarming destitution among Nigerians

It does not take anyone to look far to see and feel the increasing desperation and destitution among Nigerians. Definitely, the present economic meltdown is daily forcing many citizens to the fringes of human existence.  While the economic hard times may have preceded the Buhari administration, the present administration should also take the blame for being too slow in coming up with clear-cut policies on the way out of the situation.
According to the National Bureau of Statistics (NBS), more than 100 million Nigerians now live on less than $1 per day out of an estimated 170 populations. That is far below the United Nations benchmark of at least $2 per day for the least deprived persons. Invariably, Nigeria’s vast oil wealth has not influenced positively on the well being of her citizens. Moreover, In spite of revenue from oil, 70 percent of Nigerians still live within the poverty bracket, which means that the present and successive governments are unable to translate the country’s huge natural resources to the improvement of the citizens’ living standard.
All indices point to the fact that the alarming increase in poverty is attributable to poor governance. Evidence of terribly poor governance is palpable, as it manifests in the corrupt, inept political leadership and weak civil institutions to dilapidated infrastructure. We deplore the increasing destitution in the country. It is sad that while many Nigerians are living in grinding poverty in an oil-rich country, a privileged few wallow in opulence. We call on the government to take mitigating action and bring the alarming situation under control.
A scenario where only a few are benefiting from the common patrimony while the vast majority is excluded may likely breed social discontent if not well and quickly addressed.
It is a truism that inadequate economic growth is the main cause of poverty in Nigeria, as the economy has a very narrow and weak base, depending mostly on exportation of petroleum crude oil for revenue, even as the agricultural base has been frustrated and marginalised.
In addition, growing unemployment has also exacerbated the level of destitution among Nigerians, while other factors include problems in the productive sector, widening income inequality, social conflict, including gender, intersectoral and environmental issues. There is no gainsaying the fact that poverty especially in the urban area has been made severe by low labour absorption capacity of the nonagricultural sector, especially manufacturing, which is because of limited growth of investment and technological innovation.
Arguably, enough is not being done to fight destitution, even as efforts to give   Nigerians the opportunity to earn decent and honest living remain a tall dream.

The embarrassing paradox of destitution in Nigeria suggests the compelling need for a single-minded pursuit of the objective of poverty reduction and its eventual elimination. We therefore call on all governments to step up the template for true development by re-energising all the poverty alleviation programmes geared towards improving the living standard of the less vulnerable. In this way, millions of Nigerians would move out of poverty and wanton lack, and to a more productive engagement in which all the necessities of life are met.