Nearly 83 Million Nigerians Are Considered Poor – NBS

Nigeria's GDP Falls 2.24% In 3rd Quarter of 2016

A report by the National Bureau of Statistics (NBS) has revealed that over 82.9 million Nigerians are currently living below the national poverty line, excluding Borno State.

In its 2019 Poverty and Inequality in Nigeria Report released on Monday after a decade since it was last done, the NBS stated that the figure represents 40.1 per cent of the citizens.

According to the report, northern states rank poorest with the highest poverty rate recorded in Sokoto State, which accounted for 87.73 per cent while Lagos had the lowest rate with 4.50 per cent.

The NBS explained that poverty rates were measured using consumption expenditures rather than income in the country.

It also stated that measurement for the national poverty line was based on a welfare aggregate – regionally adjusted per capita in the households where the value of per capita total consumption expenditure was below or equal to consumption expenditures across all households.

A further revised breakdown of the report revealed that 52.1 per cent of rural dwellers in Nigeria were poor and 18.04 per cent of urban dwellers classified as poor.

On average, four out of 10 individuals are estimated to have real per capita expenditures below N137,430 per annum, which translates to N376.5 kobo per day.

The NBS added that the survey collected data on household and individual demographics (age, gender, marital status, among others) and their access to education, health and basic services, employment, assets, and income, using Computer Assisted Personal Interviewing (CAPI) software on tablet devices.

Trending News

Leave a Reply