Skip to main content

88 million Nigerians living in extreme poverty – Report

Report says 88 million Nigerians are living in extreme poverty.

Report says 88 million Nigerians are living in extreme poverty.

It is no longer news that Nigeria is the world’s poverty capital with over 86.9 million people living below the poverty line.

What's new, however, is that over 1.1 million Nigerians have slipped into extreme poverty in just four months, according to a report by the TheCable on Wednesday, October 31, 2018.

This brings the total number of Nigerians living below the poverty mark of $1.90 per day to 88 million -- overtaking India.

 

In June, the World Poverty Clock estimated that 86,977,400 are currently living in Nigeria, a number that accounts for 44.2% of its current estimated 196 million population.

ALSO READ: It's time to halt worsening poverty in Nigeria

According to the report, 8% of the world's population, are currently living in extreme poverty.

The World Poverty Clock said Nigeria’s poverty situation would increase given a negative escape rate of -5.8.

FG faults report

The Federal Government, however, faulted the report stating that the indices used in the report must have been compiled when the country was in recession.

The Minister of Trade and Investments, Okechukwu Enelamah said this on Wednesday, June 27, 2018, while speaking to State House correspondents after the Federal Executive Council meeting.

 

He said “Somebody may have written a report when we were in a recession.

“Remember that if you are in a recession, what it means is that though your population is growing, people don’t stop procreating, your growth fact, which means that in theory depending on how they run those numbers, you will be going the other way,” Enelamah decleared.

ridoola.blogspot.com.ng
Labels:

Comments

Post a Comment

Popular posts from this blog

EFCC insists on presentation of Grace Tiaga's death certificate in P&ID case

Tiaga's counsel communicated the unavailability of the death certificate, requesting additional time. The Economic and Financial Crimes Commission (EFCC) is steadfast in its demand for the death certificate of the late Grace Tiaga, a former director of legal services at the Ministry of Petroleum Resources, to be submitted in court. Tiaga faced charges brought by the EFCC, alleging her involvement in receiving payments from Process & Industrial Development (P&ID) to manipulate the 20-year gas supply and processing agreement (GSPA) against Nigeria. The EFCC claims that these illicit payments were made through her daughter and persisted even after her retirement. The accusations extend to Tiaga's purported failure to adhere to due process while providing legal counsel on the GSPA. Initially facing eight counts of fraud, she was remanded to Suleja prison in 2019, later granted bail, and the charges were expanded to 13 counts. As the trial progressed, the prosecution p...
Post a Comment
Read more

List of America's one-term presidents & why they were not re-elected

U.S. President Joe Biden becomes the most recent entrant in a list of president who served for only one term. U.S. President Joe Biden announced that he would not be seeking re-election for a second term in the November 5, 2024 elections. Biden, in a statement said that he would be focused on completing his remaining term, endorsing his Vice President Kamala Harris as his most preferred nominee for the Democratic Party to take on former President Donald Trump. Joe Biden endorses Kamala Harris as Democrats' candidate after withdrawing from race [X:@JoeBiden] Biden now joins a list of former U.S. Presidents that only served for one term. John Adams (1797-1801) The second president of the United States, John Adams was a Founding Father who faced significant challenges during his presidency, including conflicts with political adversaries and foreign nations. His support for the Alien and Sedition Acts, perceived as a violation of civil liberties, contributed to his unpopulari...
Post a Comment
Read more

Tinubu appoints MKO Abiola's son, Jamiu as SSA on Linguistics & Foreign Matters

President Bola Tinubu has appointed Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters. The appointee is one of the children of the late Chief Moshood Kolawole Abiola , the winner of the 1993 presidential election annulled by General Ibrahim Babangida . According to a statement by Segun Imohiosen , the Director of Information and Public Relations, Office of the Secretary to the Government of the Federation on Wednesday, November 27, 2024, Jamiu's appointment took effect from November 14, 2024. Imohiosen said the appointment aligns with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended. Until his recent deployment, the appointee served as the Special Assistant to the President of Special Duties in the office of the Vice President. Tinubu tasked Jamiu to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new ...
Post a Comment
Read more