Business National News Uncategorized

93 Million Nigerians Now Live In Extreme Poverty

A data obtained at the World Poverty Clock, a Vienna, Austria-based data lab has revealed that over 93 million Nigerians are living in extreme poverty.

According to the data, 93.641 million Nigerians were living below a dollar a day as of May, 25 2019.

E247mag understands that the target escape rate is 15.3%, while the current escape rate is at -4.3.

A report released in February 2019 showed that at least three million Nigerians have slipped into extreme poverty between November 2018 and February 2019.

This was further confirmed by the British Prime Minister Theresa May, who said Nigeria had become home to the largest number of very poor people in the world, putting the figures at 87 million.

“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.

READ ALSO: Mexican Economy Drops In First Quarter, Economists Downgrade Outlook Anthony Esposito

According to Brookings Institution, the number of Nigerians living in extreme poverty has grown to 93.641 million, with six people falling into poverty every minute, since May made this observation in South Africa in August.

Loading...

Topics

Connect With US




Loading...
Loading...
%d bloggers like this: