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In contrast, a report by the National Bureau of Statistics says 63% of persons in Nigeria are multidimensionally poor.
Like Nigeria, Qatar is also one of the world’s leading producers of crude oil at an approximate crude oil production of 1.76 million per day, that of Saudi Arabia is estimated at 9.5 million barrels per day.
Experts and political commentators have argued that the World Bank’s position is not in tandem with the realities in Nigeria.
Former Kaduna Senator, Shehu Sani had alleged that “the World Bank wants the hardship to extend to the next fifteen years before we can reach the promise land”.
“I don’t know of how many people will be remaining at that time to enjoy the fruits of the WB in its promise land. The question is how many African countries did the World Bank take to the promise land?” he posted on X.
The Nigeria Labour Congress at different times have argued that hikes in fuel prices will cause more suffering for Nigerians.
Recently, the House of Representatives called on the government to review its policies in a bid to ensure that Nigerians do not suffer too much hardship.
President Tinubu had justified the removal on the need to save money for the country and also block corruption loopholes in the country’s petrol sector.
