91 million Nigerians now living in extreme poverty - World Poverty Clock

A new report has indicated that over 91 million Nigerians are now living in extreme poverty and at least three million of them slipped into extreme poverty between November 2018 and February this year.

This was contained in World Poverty Clock, created by Vienna-based World Data Lab, The Cable reports.

According to the report, 91.16 million Nigerians were living below a dollar a day as of February 13, 2019.

A person can be said to be living in extreme poverty, if they live below the poverty line of $1.90 or N693.5 per day, the World Bank says.

“When estimating poverty using monetary measures, one may have a choice between using income or consumption as the indicator of well-being.

“Most analysts argue that, provided the information on consumption obtained from a household survey is detailed enough, consumption will be a better indicator of poverty measurement than income," the bank said.

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Recall that in June 2018, the Brookings Institution projected that Nigeria had overtaken India, as the poverty capital of the world, with 86.9 million extremely poor people.

And on his part, the British Prime Minister Theresa May, had in 2018 while in South Africa, claimed Nigeria had become home to the largest number of very poor people in the world.

“Much of Nigeria is thriving, with many individuals enjoying the fruits of a resurgent economy, yet 87 million Nigerians live below $1 and 90 cents a day, making it home to more very poor people than any other nation in the world,” the UK prime minister had said.

Meanwhile, Legit.ng had reported that President Muhammadu Buhari said the All Progressives Congress (APC) led administration was sincerely laying solid foundation for prosperity of all Nigerians and the future generations.

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Buhari, who was represented by the director-general of the Voice of Nigeria (VON), Osita Okechukwu, said this on Wednesday, February 13, at the second inauguration of Micro-Enterprises Empowerment Scheme of the National Directorate of Employment (NDE) in Enugu state.

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Source: Legit.ng