About 152 million Nigerians live on less than $ 2 a day, representing about 80 per cent of the country ’s estimated 190 million population, the African Development Bank has said.
According to the AfDB , which stated this in its 2018 Nigeria Economic Outlook , the level of poverty in the country is unacceptably high .
The Nigeria Economic Outlook is part of larger report, the African Economic Outlook , published by the bank on an annual basis .
The report stated , “ Nigeria still faces significant challenges , including foreign exchange shortages, disruptions in fuel supply, power shortages and insecurity in some parts of the country.
“ Revenue mobilisation efforts are insufficient; at five per cent, Value Added Tax rates are among the lowest in the world , and revenue administration is inefficient.
“ Poverty is unacceptably high; nearly 80 per cent of Nigeria’ s 190 million people live on less than $ 2 a day. ”
The report noted that recovery in oil prices and production would help drive growth and provide fiscal space as the government pursued important structural reforms to diversify the economy .
According to the AfDB, faithful implementation of the Economic Recovery and Growth Plan ( 2017– 20) holds the promise of weaning the nation off its dependence on oil .
The plan focuses on six priority sectors : agriculture; manufacturing ; solid minerals , including iron , gold , and coal; services , including Information and Communications Technology, financial services, tourism , and creative industries ; construction and real estate ; and oil and gas...
http://punchng.com/152-million-nigerians-live-on-less-than-2day-afdb/

Change Change Change Change

Buhari has plunge this country into a terrible nightmare. People are really suffering here. Nigerians should do the needful in 2019.

Buhari administration only exposed lazy people in the country...Hardwork is the key to leave above $2 per day.Embrace Agriculture.

Enough of all this stupid stats

Nigeria is indeed a poor country relative to other developed countries

But to say this is a big lie

A wheelbarrow pusher makes far more than this
Shoe maker makes far more
Akara sellers makes far more

Even boys that pick iron make far more
Don't come here and shout 18k minimum wage cos no one earns that
That's for level one step one

85 % of Nigeria at working age are employed maybe a lot of them are underemployed but they work

Unless you are lazy making millions in Nigeria is so so easy

This stupid organization needs more donations so ghetto quote this rubbish

More like Most of Hausa/ Fulani live in less than $1 a day. Don't include Igbo there please

mrvitalis:
Enough of all this stupid stats

Nigeria is indeed a poor country relative to other developed countries

But to say this is a big lie

A wheelbarrow pusher makes far more than this
Shoe maker makes far more
Akara sellers makes far more

Even boys that pick iron make far more
Don't come here and shout 18k minimum wage cos no one earns that
That's for level one step one

85 % of Nigeria at working age are employed maybe a lot of them are underemployed but they work

Unless you are lazy making millions in Nigeria is so so easy

This stupid organization needs more donations so ghetto quote this rubbish

You never stop amazing me with your shallowness ..Okay lemme help you quickly calculate your earnings and make a list of every one that is a direct dependent on your income and take the average you will quickly see the the average for your family falls below two dollars a day per person and that's the reason why despite all your working life you have never bought something as little as a brand new vehicle but would rather buy a ten year old Toyota just pretend all is well ..My Friend Nigerians are the dirt poorest people on earth and there is no lie about it , even if I do a quick Gross income average using total earnings against our population it will still come to the same thing ..The People at AFDB are not dumb you know .

What a shit hole country........

We warned them but they didn't listen, and now a coalition has been formed yet they sit tight with thier fulani pay master jux because of 30k per month as BMC crew which is not even regular.

Its a lies from the pity of hell. They can't justify the figure.

Nogodye:
Buhari administration only exposed lazy people in the country...Hardwork is the key to leave above $2 per day.Embrace Agriculture.

Lover of hardship sighted! Please ask yusuf to go to farm.

Yet the mumu jihadist wants to continue

SalamRushdie:


You never stop amazing me with your shallowness ..Okay lemme help you quickly calculate your earnings and make a list of every one that is a direct dependent on your income and take the average you will quickly see the the average for your family falls below two dollars a day per person and that's the reason why despite all your working life you have never bought something as little as a brand new vehicle but would rather buy a ten year old Toyota just pretend all is well ..My Friend Nigerians are the dirt poorest people on earth and there is no lie about it , even if I do a quick Gross income average using total earnings against our population it will still come to the same thing ..The People at AFDB are not dumb you know .

Bro most Nigerian family earn more than 150k combined every month

Seriously we over hyped how poor Nigerians are

You pick a random 10 familes and evaluate there income
This what I have done over and over and the results are the same 70% of Nigerians live on around 5 dollars per day

And please we are no where near 100 million as a country

mrvitalis:
Enough of all this stupid stats

Nigeria is indeed a poor country relative to other developed countries

But to say this is a big lie

A wheelbarrow pusher makes far more than this
Shoe maker makes far more
Akara sellers makes far more

Even boys that pick iron make far more
Don't come here and shout 18k minimum wage cos no one earns that
That's for level one step one

85 % of Nigeria at working age are employed maybe a lot of them are underemployed but they work

Unless you are lazy making millions in Nigeria is so so easy

This stupid organization needs more donations so ghetto quote this rubbish

But whether we like it or not stats are indicators of level of development of any nation!

Ogunleti01:
But whether we like it or not stats are indicators of level of development of any nation!

If so America wont be scared of russia

Nairalanders, guess what !















I just got my temporary voters card. Waiting 4 the permanent.

This implies a rise in poverty by 10%

U RIPE WAT U SOW, MOST NIGERIANS CHOSE THE PATH OF EVIL, SO I DON'T FEEL SORRY FOR THEM

Lipscomb:
Its a lies from the pity of hell. They can't justify the figure.

Abeg what's the name of the school you attended ? I don't want to mistakenly send my future kids there.

tuniski:
Lover of hardship sighted! Please ask yusuf to go to farm.

I'm on it already....

mrvitalis:
If so America wont be scared of russia

Scared as in..?