Three reasons 100 million Nigerians live in poverty – Kingsley Moghalu

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A former presidential aspirant of the African Democratic Congress, Kingsley Moghalu has identified three reasons 100 million Nigerians live in poverty.

 

Moghalu on his Twitter page said most Nigerians live in poverty due to fraud, corruption and sheer criminality.

 

According to him, the biggest sources of those crimes which lie in the petroleum industry and the forex market are managed by government institutions.

 

“Fraud, corruption and sheer criminality is the biggest reason why 100 million Nigerians live in poverty.

 

“The biggest sources of these crimes lie in the petroleum industry and the forex market, both managed by government institutions,” he wrote.

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