Learn how the NNNGOs is helping its members and nonprofits with Covid-19
It is believed that wherever men and women are condemned to live in extreme poverty, human rights are typically violated.
The United Nations’ Sustainable Development Goal 1 (SDG) is to end extreme poverty by 2030 which seeks to ensure social protection for the poor and eradicating it remains one of the greatest challenges facing the world today. The world wonders if the goals are in view, if the goals are soundly on track to sweep out poverty in line with AGENDA 2030; or if the goals are indeed extremely ambitious according to FORBES.
While poverty has been historically accepted in some parts of the world as inevitable, especially the developing nations, for the population now grows faster than the available resources, nonetheless making wealth scarce for many, which inevitably calls to action: social protection systems need an urgent implementation to help alleviate global sufferings.
During the 1970s, World Bank’s policy was meant to use funds to raise the productivity and living standards of the poor, yet in spite of these intensive reduction strategies, the poverty level in several countries of the world still remains pathetically low. Recent researches have also demonstrated that several families are in constant dire need of basic amenities.
World Bank defines extreme poverty as living on less than 1.90 dollars per day, and moderate poverty as less than $3.10 a day. It has been estimated that in 2008, 1.4 billion people had consumption levels below $1.25 a day, while 2.7 billion lived on less than $2 a day. Another research estimates that 1.44 billion people live in extreme poverty as UNICEF’s figures show almost 385 million children survive on less than $1.90 a day.
Reports by World Bank data further reveals worldwide inequality and poverty, the data reveals half of the 767 million people living on less than 1.90 dollars a day in 2013 were under 18, these unarguably indicates that much effort is indeed needed to meet the SDG 1 to eradicate extreme poverty by 2030.
With this year marking the 25th anniversary of the declaration by the General Assembly on 22nd December 1992, 17th October as the International Day for the Eradication of Poverty, this years’ theme: Coming Together with Those Furthest Behind To Build An Inclusive World Of Universal Respect For Human Rights And Dignity, reaches out to all developing nations to ensure that NO ONE IS INDEED LEFT BEHIND.
Despite the tremendous progress in reducing extreme poverty, rates remain stubbornly high still in low-income countries especially those affected by conflict and political unrest.
Unless action is taken, Sub-Saharan Africa will be home to more than 86% of the world’s extreme poor, for the number of people living in extreme poverty is concentrated in some of these most unstable and populous parts of Africa, raising the risk of political violence and devastating disease outbreaks.
With global estimates of child poverty inaccurately unavailable, some reports, however, reveal that Sub-Saharan Africa houses the largest share of the world’s extremely poor children.
According to the UN, Nigeria is the third most populous country in the world. Currently, with some new report (JUNE 2018) reveals that the country with an estimated population of 198 million, has overtaken India (1.3 billion) as the country with the highest number of poor people in the world.
Nigeria has about 7 people going into poverty every minute. An obvious reason, Nigeria’s population is growing faster than its economy.
SOME CAUSES OF POVERTY
Today, more than one billion people live without necessary amenities, the number of people, who lived below the federal poverty line has gone way beyond the sky. With flat incomes stuck at historically high levels, one might assume that chronic economic insecurity which has obviously resulted in poverty might just be the new normal.
SOME STEPS TO CUT POVERTY AND INCREASE ECONOMIC GROWTH
FACTS ABOUT GLOBAL POVERTY
The World Food Programme says, “The poor are hungry and their hunger traps them in poverty.” Hunger is the number one cause of death in the world, killing more than HIV/AIDS, malaria, and tuberculosis combined.