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New World Poverty Report Reveals 105 Million Nigerians Now Extremely Poor

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The new data from the World Poverty Clock has revealed that over 105 million Nigerians now extremely poor in the country.

Records in September 2020 had showed a total of 40.1 per cent of Nigerians lived in extreme poverty but has drastically changed in less than two months.

According to Sahara Reporters, the new data seen on Thursday reflects the impact of the Coronavirus pandemic on living conditions in the country.

Nigeria has a total population of 205,323,520 people — of that number, 105,097,856 representing 51 per cent of the county, the data records.

51% of Nigerians now live below $1.90 or N855 a day.

The data further shows that more men in Nigeria are extremely poor compared to their female counterparts.

Around 53,133,553 million men are living below the poverty threshold while 51,564,303 of women are also extremely poor.

The model also provides a target escape rate that Nigeria must meet to escape extreme poverty—it is set at 0.3 people per second.

Current data, however, shows that Nigeria falls short of this target with -4.4 people escaping poverty per second.

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