News

82.9 Million Nigerians Live in Poverty – NBS

Ololade Adeyanju/

The National Bureau of Statistics has said 40.1 per cent of the Nigeria’s population live in poverty.

The bureau, in the executive summary of the 2019 poverty and inequality report released today, said over 82.9 million Nigerians lived below its poverty line of N137,430 per year.

The NBS said between September 2018 and October 2019, it conducted the latest round of the Nigerian Living Standards Survey after 10 years.

It stated, “In Nigeria 40.1 per cent of the total population were classified as poor. In other words, on average, four out of 10 individuals in Nigeria have real per capita expenditures below N137,430 per year.

“This translates to over 82.9 million Nigerians who are considered poor by national standards. It is important to note that this number excludes the state of Borno.”

It said while the NLSS 2018-19 included households from Borno, that sample was not representative of the whole state since only households from “accessible” (safe-to visit) areas were interviewed.

“Thus, the Borno sample is considered non-random and non-representative,” the bureau added.

0
Editor

Recent Posts

Federal Reserve Chair, Powell, Says He’ll Refuse to Step Down if Trump Asks

Femi Ashekun/ Federal Reserve Chair, Jerome Powell, has declared that he wouldn’t resign if President-elect…

46 mins ago

FG Responds to Malaysia’s Plan to Phase Out CNG, Clarifies its Position on Adoption

Segun Atanda/ The Nigerian government has responded to Malaysia's recent announcement to phase out compressed…

7 hours ago

Lagos Police Arrest Dog Owner After Fatal Attack on Security Guard in Lekki

Matilda Omonaiye/ The police in Lagos have arrested Salisu Mustapha, the owner of three dogs…

13 hours ago

Why America Chose Donald Trump Again: A Vote for Defiance and Distrust

Dipo Kehinde/ As the news broke, many around the world struggled to understand how a…

1 day ago

Donald Trump Elected US President in Historic Comeback

Editor/ Donald Trump has defeated Kamala Harris in the US presidential election, marking a surprising…

2 days ago

Chief of Army Staff, Lagbaja, Dies at 56

Pat Stevens/ Chief of Army Staff, Lt. General Taoreed Lagbaja, is dead. He reportedly died…

2 days ago