An estimated 14 million Nigerians were pushed into poverty in 2024 due to low labor income amid rising inflation, according to the World Bank’s latest ‘Macro Poverty Outlook: Country-by-Country Analysis and Projections for the Developing World’. The report reveals that nearly 47% of Nigeria’s population now lives below the international poverty line of $2.15 per […]
Tag: Poverty in Nigeria
Minister Says 85% of Nigerians Have Purchasing Power of Less than ₦1.1m
The Minister of Housing and Urban Development, Ahmed Dangiwa, expressed concern on Monday that 80% of Nigerians cannot afford housing due to financial constraints. This, he noted, is a major factor contributing to the housing deficit in the country. Dangiwa made these remarks during his keynote address at the opening of the inaugural Kaduna International […]
Dogara Warns: Poverty More Dangerous to Democracy than Weak Institutions
Lagos, Nigeria – At the 12th edition of The Platform Nigeria, former Speaker of the House of Representatives, Yakubu Dogara, delivered a compelling speech emphasizing that poverty poses a more significant threat to democracy than weak institutions. The event, held at the Marriott Hotel in Ikeja, Lagos, was organized by Covenant Nation and focused on […]
Multidimensional Poverty Regards Children’s Rights To Education, Health In Nigeria – Economic Expert
By Khalid Idris Doya It has been observed that Multidimensional Poverty (MP) extends beyond monetary measures of poverty, such as income or consumption, as it includes deprivation experienced by individuals or households. Multidimensional Poverty (MP) also affects issues like education, health, living standards, access to basic services, social exclusion, and other factors that contribute to […]
Hunger Affecting 4.3m People In Northeast Nigeria – UN
Members of the Civilian Joint Task Force (CJTF) inspect a street of the Jiddari Polo neighbourhood of the northeastern Nigeria city of Maiduguri, on Februray 16, 2019 where Boko Haram fighters shot residents while two suicide bombers blew themselves up, killing eight people. – The attack came hours before Nigeria’s electoral commission announced it was […]
71m Nigerians In Extreme Poverty, Yobe, Sokoto, Zamfara Score Highest –Report
2023 data from the World Poverty Clock, has pegged the number of extremely poor Nigerians at 71 million. Tonye Cole, governorship candidate of the All Progressives Congress (APC) in Rivers State, who quoted the data also said the National Bureau of Statistics (NBS) classifies 133 million people as multidimensionally poor. He spoke during the weekend […]
Nigeria’s Poverty Level Unacceptable, Tinubu Tells Governors
President Bola Ahmed Tinubu has called on the governors to collaborate with the Federal Government to tackle the menace of poverty in the country. The president, who made the call when he hosted members of the Nigerian Governors’ Forum (NGF), at the State House, Abuja, on Wednesday, said the level of impoverishment is unacceptable. Tinubu […]