Tag

Economy

Nigeria’s Poverty Crisis and the Nigerian Living Standards Survey

With a staggering population of 205 million people, over 80 million Nigerians live in poverty. This is according to the Nigerian Living Standards Survey report published by the National Bureau of Statistics. The recently published data indicates that 40.09 percent of Nigerian are poor. Whereas the poverty rate in urban areas is only 18.04 percent, as much as 52.1 percent of rural dwellers are poor.