Sokoto, Taraba Poorest States As NBS Says 83 Million Nigerians Live Below Poverty Line

Cat:

Related stories

BREAKING: Ex-President Buhari sick, hospitalised abroad

Former Nigerian President Muhammadu Buhari is currently undergoing medical...

MTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AI

By Sonny Iroche West Africa’s Largest Tier III Data Centre...

Ganduje: Why are they resigning?

By Bola Bolawole turnpot@gmail.com 0807 552 5533 (Published in my TREASURES...

OPEC Reports a Global Oil Production Decline in 2024

Global crude oil production declined by 1% last year,...

The National Bureau of Statistics (NBS) puts the total number of Nigerians living below the poverty line at 40.1 percent (82.9 million).

In the latest survey conducted between September 2018 and October 2019 and published on Monday, four out of ten individuals in Africa’s largest economy have real per capital expenditures below N137,430 per year. Bringing the total number of Nigerians considered poor by national standard to 82.9 million during the period under review.

Nigeria’s population growth rate presently stood at about 2.6 percent, according to the United Nations statistics. However, the economic growth rate remained below population growth at 2.27 percent in 2019 as shown by the Gross Domestic Product report released earlier this year.

The NBS said 52.1 percent of the 82.9 million live in the rural area of the country while 18 percent lives in the urban area.

The report indicated that Sokoto, Taraba, Jigawa, Ebonyi, Zamfara, Yobe and Adamawa top the poorest states in the country.

The NBS said Sokoto State had 87.73 percent poverty headcount rate followed by Taraba with 87.73 percent, then Jigawa which has 87.02 percent and Ebonyi with 79.76 percent.

It disclosed that Lagos, Delta, Osun, Ogun, Oyo, Edo and Anambra States had the least in terms of poverty level.

In a report released by Bill and Melinda Gates Foundation in September 2018, 40 percent of the world’s poorest people will live in Nigeria and DR Congo by 2050 while the nation’s population is expected to surge to 429 million by 2050.

“By 2050, more than 40 percent of the extremely poor people in the world will live in just two countries: Democratic Republic of Congo and Nigeria,” the report stated.

“Investing in young people’s health and education is the best way for a country to unlock productivity and innovation; cut poverty, create opportunities and generate prosperity,” the report added.

However, with Nigeria’s crude oil largely unsold due to the COVID-19 pandemic and businesses complaining of declining profitability — with some banks planning to retrench as much 75 percent of their workforce — the nation’s poverty level is likely to surge, especially with the unemployment rate projected to increase from the current level of 23.1 percent to 30 percent by the end of this year.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
BREAKING: Ex-President Buhari sick, hospitalised abroad2027: Abure, Usman Clash Over Peter Obi’s Rising Profile in ADC CoalitionMTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AIGanduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ WelfareTragedy! Liverpool Star Diogo Jota Dies in Car Crash in SpainFamily Announces Burial Date of Ex-Kwara Governor, Cornelius AdebayoSex Scandal: Baltasar Engonga, Ex-Equatorial Guinea Anti-Corruption Boss Bags 18 YearsFormer AGF Abubakar Malami Dumps APC, Joins ADCIt’s Another Big Brother Season Of DistractionsYou must marry me and my children, By Funke Egbemode[VIDEO] Drama as Burglar is Caught in Overnight Heist at FCMB Branch in Imo2027: Why Peter Obi Proposed a Single-Tenure to Atiku, David Mark, Others -Obidient Movt Reveals
X whatsapp