Nigeria Now Third Among World's Poorest Countries

Nigeria has been named the third nation with the poorest people in the world, according to an annual global wealth report compiled by the Swiss bank, Credit Suisse. The nation came third with 35 million Nigerians classified among the poorest people in the world, after China's 72 million while India tops the list with 246 million people.

According to the report, nearly three quarters of the world's poorest billion live in Asian and African countries. Other countries contributing significantly to the bottom wealth bracket are Russia with 28 million of the world's poorest, Ukraine with 25 million and the United States with 21 million.

In the report published on DPA website, many of the world's richest and poorest people live in Asian countries, highlighting the unequal distribution of wealth.

[Daily Trust]