The Federal Government on Thursday said that it had spent $22.216m out of the $322m recovered loot from the late Head of State, Sani Abacha, on various empowerment schemes.
The spending, according to the government, is part of the strategic efforts to lift millions of Nigerians out of poverty.
It also rejected the recent report of the World Poverty Clock, which identified Nigeria as the poverty capital of the world as 91.6 million of its about 200 million population are now extremely poor.
The government, while faulting the report, said the data and parameters used by the rating body were 2012 figures and occurrences; noting that the indicators did not reflect current economic realities as captured by the National Bureau of Statistics.
Source: Punch Newspaper
