105 Million Nigerians Now Extremely Poor – New World Poverty Report

November 5, 2020
9 Views
A poor child

A poor child

A new international study has revealed that more Nigerians have become extremely poor.

According to data released by World Poverty Check, more than 105 million Nigerians are extremely poor.

In September 2020, a total of 40.1 per cent of Nigerians lived in extreme poverty.

This number has drastically changed, however, in less than two months.

Informaton from the data sighted on Thursday, reveals the adverse impact of the Coronavirus pandemic on living conditions in the country.

Nigeria has a total population of 205,323,520 people — of that number, 105,097,856 representing 51 per cent of the county, the data records.

51% of Nigerians now live below $1.90 or N855 a day.

The data further shows that more men in Nigeria are extremely poor compared to their female counterparts.

Around 53,133,553 million men are living below the poverty threshold while 51,564,303 of women are also extremely poor.

The model also provides a target escape rate that Nigeria must meet to escape extreme poverty—it is set at 0.3 people per second.

Current data, however, shows that Nigeria falls short of this target with -4.4 people escaping poverty per second.

More than 105 million Nigerians are extremely poor, according to new data from the World Poverty Clock.

In September 2020, a total of 40.1 per cent of Nigerians lived in extreme poverty.

This number has drastically changed, however, in less than two months.

The data seen by SaharaReporters on Thursday reflects the impact of the Coronavirus pandemic on living conditions in the country.

Nigeria has a total population of 205,323,520 people — of that number, 105,097,856 representing 51 per cent of the county, the data records.

51% of Nigerians now live below $1.90 or N855 a day.

The data further shows that more men in Nigeria are extremely poor compared to their female counterparts.

Around 53,133,553 million men are living below the poverty threshold while 51,564,303 of women are also extremely poor.

The model also provides a target escape rate that Nigeria must meet to escape extreme poverty—it is set at 0.3 people per second.

Current data, however, shows that Nigeria falls short of this target with -4.4 people escaping poverty per second.

You may be interested

Forget About 2023 Election, Current Recession Worse Than 2016 – Peter Obi
Business
3 views
Business
3 views

Forget About 2023 Election, Current Recession Worse Than 2016 – Peter Obi

Webby - November 23, 2020

The vice presidential candidate of the Peoples Democratic Party, PDP, in the last election, Peter Obi, has called on his…

Government’s Failure Led To Recession – PDP
Politics
2 views
Politics
2 views

Government’s Failure Led To Recession – PDP

Webby - November 23, 2020

The Peoples Democratic Party (PDP) has blamed the Buhari-led administration for the current recession in the country.The party in a…

NCC To Prioritize Collaborating With Universities To Achieve Mandate
News
2 views
News
2 views

NCC To Prioritize Collaborating With Universities To Achieve Mandate

Webby - November 23, 2020

By Adejumo Enock The Nigerian Communications Commission (NCC) has promised to increase collaboration with higher institutions of learning across the…

Leave a Comment

Your email address will not be published.