Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,565,104 members, 5,931,107 topics. Date: Wednesday, 21 October 2020 at 10:48 AM

Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. (13666 Views)

Nigeria To Host 90% Of Extremely Poor By 2030, Says World Bank / Nigeria Has Overtaken India On The List Of Extremely Poor Countries / Nigeria Overtakes India As Country With Highest Number Of Extremely Poor People (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by vanida6(f): 9:33am On Oct 12
…Global statistics expected to reach 150 million by 2021- World Bank,

…Govt must give support to organised business to strive, flourish; tackle insecurity — Economists, Analysts
…Improving ease of business will attract investment — Experts




By Peter Egwuatu

There are indications that Nigeria’s poverty level may have further deteriorated as the latest reports of the Nigeria Employers Consultative Association, NECA, shows a 10 percentage point rise in the number of the extreme poor in the country against the 2019 report of the National Bureau of Statistics, NBS.

NECA’s report says that the number of citizens in extreme poverty now stands at an estimated 102 million, representing 50 per cent of the Nigeria’s estimated population of about 205 million, as against the 40 per cent reported by NBS in October last year.

*This comes at the backdrop of the World Bank forecast that global extreme poverty is expected to rise in 2020 for the first time in over 20 years as the disruption of the COVID-19 pandemic compounds the forces of conflict and climate change, which were already slowing down progress in poverty reduction efforts around the world.

"Financial Vanguard’s findings from the data obtained from NECA revealed that the total number of people living in extreme poverty in Nigeria now stands at 15 percent of the total number of people living in extreme poverty world-wide.

"In the latest annual report of NECA, its Acting President, Taiwo Adeniyi, said: “With COVID-19, the figure could only be imagined. It is practically impossible to separate unemployment from poverty. The longer people stay out of employment or any reasonable means of income, the higher the rate of poverty.

“Two years after it was reported that Nigeria had surpassed India as the nation with the highest number of people living in extreme poverty across the world, the country’s poverty ranking continues to surge.”

*Adeniyi stated further: “The World Poverty Clock, a web tool based on World Data Lab’s global poverty model, estimated in June 2018 that 86.9 million Nigerians are living on less than $1.90 a day. That number has increased by over 15 million in the past two years, according to new figures published by World Data Lab on May 26, 2020.”

*The NBS in a report about poverty and inequality from September 2018 to October 2019, had said 40 per cent of people in the continent’s most populous country live below its poverty line of N137,430 ($381.75) a year. It said that represents 82.9 million people.

“In Nigeria, 40.1 per cent of total population were classified as poor. In other words, on average, four out of 10 individuals in Nigeria has real per capita expenditures below N137,430 ($352) per year,” it added.

The NBS said it did not include Borno, the state worst hit by the decade-long Boko Haram armed uprising, because many areas there were not safe to reach.
According to the report, 52 per cent of people in rural areas live in poverty, compared with 18 per cent in urban parts of the country.
It stated: “The highest poverty levels were in the northwest state of Sokoto, where 87.7 per cent of people live under the poverty line compared with 4.5 per cent in commercial hub Lagos state, which had the lowest rate.”

World Bank’s universal perspective
The World Bank noted that poverty reduction has suffered its worst setback in decades, after nearly a quarter century of steady global declines in extreme poverty.

Specifically, the World Bank estimated that the pandemic would push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021, depending on the severity of the economic contraction.

It stated this in its biennial ‘Poverty and Shared Prosperity Report,’ released ahead of the 2020 virtual Annual Meetings of the World Bank and the International Monetary Fund (IMF).
The bank had in June, predicted that there would be 95.7 million Nigerians living below the poverty line by 2022, due to the impact of the virus.

It defined extreme poverty as living on less than $1.90 a day, adding that it was likely to affect between 9.1 per cent and 9.4 per cent of the world’s population in 2020.

The report also finds that “many of the new poor will be in countries that already have high poverty rates. A number of middle-income countries will see significant numbers of people slip below the extreme poverty line. About 82 per cent of the total will be in middle-income countries, the report estimates.”



https://www.vanguardngr.com/2020/10/population-of-extremely-poor-persons-in-nigeria-hits-102m-neca-2/

3 Likes 3 Shares

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by SmartProf(m): 9:34am On Oct 12
A large proportion of these extremely poor people constitute the voting population. Unfortunately, many are used as political thugs & praise singers to install cartels of corrupt politicians who keep subduing them into more poverty by swindling resources that would have improved societal standards. They prefer to climb trees, roofs, billboards, electricity poles etc, to hail their oppressors during election rallies than fight for their rights. Mental slavery is a curse.

164 Likes 19 Shares

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Ever8090: 9:36am On Oct 12
It is more than that..

14 Likes 1 Share

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Sirmwill: 9:37am On Oct 12
Actually it should be more than that
It is not easy to break these kinds of Records

Great Nigeria

#Heshockyouabi

17 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by ERockson: 9:37am On Oct 12
Another record breaking by our president tongue

6 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by sotall(m): 9:53am On Oct 12
Another achievement of Buhari and APC

47 Likes 2 Shares

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Mowsid(m): 9:53am On Oct 12
60% from the north......most people live below $1 per day. most can't even afford 3 square meals per day

21 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by XXLMANDIGO: 9:53am On Oct 12
sad

6 Likes 2 Shares

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Racoon(m): 9:53am On Oct 12
Another inglorious award won for Nigeria.We are not the world capital for extreme poverty for nothing.Meanwhile this is the same 100M Nigerians Bubu govt said it wants to life out of poverty in 10years time.

19 Likes 1 Share

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by naijadjmixtape: 9:54am On Oct 12
bad, ppl are really suffering. Please visit my small mixtape blog download gospel dj mix non stop on Naijadjmixtape.com

6 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Madibahisback: 9:54am On Oct 12
Buhari on the wheels of steel
Buhari is driving Nigeria into the so called next level
This regime is the worst I've ever experienced

32 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by DoctorDree(m): 9:54am On Oct 12
We move....
Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by emapraiz(m): 9:54am On Oct 12
Nigerians are fine with survival mode

And that mentality kills...

10 Likes 1 Share

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by BruncleZuma: 9:54am On Oct 12
grin grin grin grin

That nah old story...
Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by junketer(m): 9:54am On Oct 12
Next level poverty. And bubu never finish o.

2 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Cedarfarms: 9:54am On Oct 12
Interesting development! I thought the shocked one was giving out 30k or thereabouts to alleviate poverty and even came up with a ministry headed by his gf.......I wonder who gives him these archaic ideas!

By the time this man is through with us, we would no longer be able to shout change, talkmore of next level...

8 Likes 1 Share

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by blinking001(m): 9:54am On Oct 12
The time is now for the youths to take their future into their own hands.

8 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Memberclub(m): 9:54am On Oct 12
That number is kinda exaggerated

8 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by DenreleDave(m): 9:55am On Oct 12
undecided
Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Juanmike: 9:55am On Oct 12
Another Apc achievement.

3 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by GeneralPula: 9:55am On Oct 12
Damn..

The probs of Nigeria is in the hands of the voters.. 2023 will come now.. Distribution of Kero, Garri & so on will commence..

Before you know it, the 2 evil party don win everything...

Just watch..

13 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Nimrah: 9:55am On Oct 12
Our financial inclusion rate still far below 40%
Dail
*894*0*124904#
To open a quick firstbank account
I just did

1 Like

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by rocky95: 9:55am On Oct 12
This country no balance at all ,all the statistics are just speaking against us ,and one check well poverty population in Nigeria go reach 150million

6 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by Biafrawemove: 9:55am On Oct 12
And who said northerners don’t contribute anything to Nigeria
They even took 89million all by themselves

7 Likes

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by yeyeboi(m): 9:55am On Oct 12
Ok

1 Like

Re: Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA. by ecolime(m): 9:55am On Oct 12
It could be higher or lower. There is so much poverty in the land.

BTW, We don't have quality database and records in Nigeria. How did they arrive at this figure? Cooking up useless stats as usual?

2 Likes

(1) (2) (3) (4) (5) (Reply)

EFCC Set To Arraign Mohammed Sambo, Ex-commissioner Of Police For Fraud / I Advised Agf Malami To Meet With Maina Abroad – Sss Dg Lawal Daura / Governor El-Rufai queue to Cast his votes at his polling unit in Kaduna

Viewing this topic: 1 guest(s)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 75
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.