[1] Nigeria has one of the world's highest economic growth rates (averaging 7.4%[2] over the last decade), an underdeveloped economy, and plenty of natural resources such as oil.
However, it retains a high level of poverty, with 41% of the population classified as poor by the National Bureau of Statistics in 2019[3] (63% were living on less than $1 per day back in 2001[4]).
[1] NAPEP and NAPEC coordinate and oversee various other institutions, including ministries, and develop plans and guidelines for them to follow with regards to poverty reduction.
[1] According to a 2008 analysis, the program has been able to train 130,000 youths and engaged 216,000 people , but most of the beneficiaries were non-poor.
[7] In late May 2011, the program website was targeted by Nigerian hacktivists during the inauguration of Goodluck Jonathan.