From unicef :
Nigeria is Africa’s most populated country and with an estimated 130 million inhabitants, one in every five Africans is a Nigerian. The 2006 United Nations Human Development Index puts Nigeria at 159 out of 177 countries, with 70.8 per cent of the population living on less than one dollar a day and 92.4 per cent on less than two dollars a day (Human Development Report, 2006)
.Iammo. (m):
$1 per day is N10,800 per month. how much is fuel attendants, salesgirls and petty traders earning, how much is the minimum wage? how much do corpers earn? how much do police constable to sergeant earn? don't this people also have dependant who don't even earn anything.

Now subtract the salary of average Nigerian workers and traders from Rent cost and transport. and honestly tell me how many people in Nigeria leave above $1.90 per day
Economists, Analyst and other people that knows about the economy what’s your view? let enlighten our self

national budget=9,000,000,000,000÷ population 180,000,000=#50,000 per year÷365days=
136.98630137naira per day.
maybe that's what they mean.

BUHARI OUT!!!

here we come...

It is a meaningless statistic.

What 1 dollar can buy in Nigeria, 20 dollars cannot buy in America.

A plate of food in a Nigerian canteen costs under dollar.

A plate of food in an American canteen costs not less than ten dollars.

Same applies to other areas like rent, transport, clothes, fuel etc.

Also, a lot of value in Nigeria is not quantified in dollar terms. A farmer's harvest for instance. The contents of a barn of yams in your village compound would probably sell for a thousand dollars in America. But would sell for maybe a hundred dollars in Nigeria.

In real terms, or Purchasing Power Parity, I'd say most Nigerians live on more than ten dollars a day.

Rossikki:
It is a meaningless statistic.

What 1 dollar can buy in Nigeria, 20 dollars cannot buy in America.

A plate of food in a Nigerian canteen costs under dollar.

A plate of food in an American canteen costs not less than ten dollars.

Same applies to other areas like rent, transport, clothes etc.

Also, a lot of value in Nigeria is not quantified in dollar terms. A farmer's harvest for instance. The contents of a barn of yams in your village compound would probably sell for a thousand dollars in America. But would sell for maybe a hundred dollars in Nigeria.

earning $40 in America per day is easier than making $5 in nigeria,