Over 91 million of Nigerians, 46.5% are currently poor, The Bell Times can report.
According to the World Poverty Clock, a Vienna based World Data Lab, 91. 584 070 million Nigerians were living below a dollar a day as of April 19, 2019.
Bloomberg Africa in a report titled, “Nigerians get Poorer as Rising Population Dwarfs growth” indicate that Six Nigerians fall into extreme poverty every minute, according to data from the World Poverty Clock.
Bloomberg in its reports said If the current trend persists more than 120 million Nigerians, or 45 percent of the population, will be living in extreme poverty, that’s less than $1.90 a day, by 2030.
In 2018, a report by the Brooking Institutions projected that Nigeria has now over taken India, as the nation with the highest number of extremely poor people.
Before now, India used to hold the position with a population of 1.324 billion people as against Nigeria’s 200 million.
Also the British Prime Minister Theresa May in August 2018, while on a visit to South Africa confirmed the Brooking Institution report in which she said Nigeria had become home to the largest number of very poor people in the world, putting the figures at 87 million.
The UK Prime Minister said, “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,”
After the UK Prime Minister observation in August, the number of Nigerians living in extreme poverty has grown to 91. 583, 980 million, with six people falling into poverty every minute, according to the World Poverty Clock.
How to know you’re poor
According to the World Bank, a person can be said to be poor if they live below $1.90 (N693.5) a day or less. The world Bank in its explanation of poverty levels said “when estimating poverty using monetary measures, one may have a choice between using income or consumption as the indicator of well-being”.