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Development

Number of Poor Persons in Nigeria to Rise to 95.1 Million in 2022

A World Bank report has noted that the number of poor persons in Nigeria will rise to 95.1 million in 2022. The number of poor people was 89.0 million in 2020 and would be 95.1 million in 2022. This would mean that 6.1 million more persons would have fallen beneath the poverty line between 2020 and 2022, a 6.7% increase.

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#ChartoftheDay: Top 10 States with the Poorest People

According to the National Bureau of statistics’ Poverty and inequality report of 2019, these 10 states have the highest number of poor people in Nigeria, ranked according to the poverty headcount rate. The poverty headcount rate is the percentage of the population living below the poverty line according to national standards.

Latest Reports

Nigerians are getting poorer contrary to Buhari’s claim

The good people of Nigeria will remain very poor for a long time to come, the 2021 report of the United Nations (UN) Sustainable Development Goals (SDGs) revealed. Nigeria’s chances of achieving Goal 1 of the SDGs, which is the attainment of zero poverty among its people by the year 2030, appear slim, as the country’s poverty headcount is soaring high still, instead of reducing.