Nigeria's Poverty: a ticking time bomb for the world

Hosted by Institute of Global Affairs and Firoz Lalji Centre for Africa

TW1.G.01, Tower One, Clement's Inn


Professor Kingsley Moghalu

Professor Kingsley Moghalu

Former Deputy Governor, Central Bank of Nigeria


Professor Erik Berglof

Professor Erik Berglof

Director, Institute of Global Affairs

Public lecture by Professor Kingsley Moghalu, hosted by the LSE Institute of Global Affairs and the Firoz Lalji Centre for Africa.

Nigeria is the largest oil producer in Africa, yet has consistently failed to translate it resource wealth into rising living standards. 87 million Nigerians, or around half of the country's population, are thought to be living on less than $1.90 a day. In Nigeria, extreme poverty grows at a rate of six people every minute and the country has officially overtaken India as the nation with the largest number of people living in extreme poverty. "Not enough being done" in Nigeria to end the reality of extreme poverty and meet the United Nations Sustainable Development goals for 2030. This impending failure will, according to Professor Kingsley Moghalu, have far devastating consequences, not only for Nigeria, but for the rest of the world.

Kingsley Moghalu is a political economist, former Deputy Governor of the Central Bank of Nigeria, a lawyer and a former Director of the United Nations. He was Professor of Practice in International Business and Public Policy at The Fletcher School of Law and Diplomacy at Tufts University. He is the Founder of Sogato Strategies LLC, an emerging markets risk, strategy and macroeconomic advisory firm, and a Senior Adviser of the Official Monetary and Financial Institutions Forum (OMFIF). He is also a Contributory Editor of Central Banking Journal and founder of Institute for Governance and Economic Transformation (IGET), a think tank focused on the achievement of inclusive economic growth and effective public policy in developing countries. Professor Moghalu is a candidate for the February 2019 Presidential Elections in Nigeria. He is the Author of 'Emerging Africa: How the Global Economy's Last Frontier Can Prosper and Matter' (Penguin Books, 2014).

Twitter Hashtag for this event: #LSENigeria


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