Recall that In November 2020, a report by the World Poverty Clock rated Nigeria as the poverty capital of the world. According to that report, Nigeria had overtaken India, which according to United Nations data, had a population of 1.3 billion people – more than six times the population of Nigeria.
According to Endpoverty.org,
nearly 90 million out of about 200 million people in Nigeria are living in extreme poverty. Worldpoverty.org puts the figure at over 86 million people, which is approximately 41 per cent of Nigeria’s population.
The World Bank defines “the extremely poor” as those living on less than $1.90 a day (N782.50).
Meanwhile, since Nigeria’s return to democracy in 1999, each of the four successive civilian administrations had rolled out different poverty alleviation programmes. The irony, however, is that rather than decrease, the level of poverty in Nigeria seems to be worsening.
Under president Buhari’s administration, According to data from the World Poverty Clock, a Web tool produced by World Data Lab, the number of people living in extreme poverty in Nigeria rose from 86.9 million in 2018 to 93.7 million in 2019.
