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Nigeria’s Poverty Ratio Rises to 70% of Population, Trust Says

Jan. 18 (Bloomberg) -- About 70 percent of Nigeria’s 150 million people live below the poverty line, the Daily Trust reported, citing Lamido Sanusi, governor of the Central Bank of Nigeria.

The figure rose from 54 percent previously, the Abuja-based newspaper said, without providing a comparative period.

Sanusi described the level of poverty as unacceptable because of the risk it poses to economic growth, according to the newspaper.

To contact the reporter on this story: Paul Okolo in Abuja pokolo@bloomberg.net.

To contact the editor responsible for this story: Philip Sanders in London at psanders@bloomberg.net.

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