₦airaland Forum

A FORMER Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, said that 90 million Nigerians live in extreme poverty.

The claim was published on Twitter on August 27, 2020.

In one of the series of tweets, Moghalu, a former Presidential Candidate, on the platform of Young Progressive Party (YPP) in the country’s 2019 general election wrote: “90 million Nigerians live in extreme poverty and the country is essentially bankrupt not because we don’t have brilliant economists, but because our politics and leadership are a grand fraud. Prosperity requires nationhood, first, followed by strong, effective institutions”.



THE CLAIM:

That 90 million Nigerians live in extreme poverty.


THE FINDINGS:

The United Nations defines Extreme poverty, also known as Absolute or Abject poverty as, “a condition characterised by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information. It depends not only on income but also on access to services.” This description is contained in chapter two, item 19, page 38 of the World Summit for Social Development WSSD 1995 agreement, held in Copenhagen.

A 2016 World Bank report done in collaboration with the United Nations Children Fund (UNICEF) titled ‘Ending Extreme Poverty: a Focus on Children’ benchmark extreme poverty as those living on less than $1.90 per day.

The World Bank Commission on Global Poverty also defined extreme poverty as those living below the international poverty line of $1.90 per day. The international poverty line is the universal standard for measuring global poverty that helps measure the number of people living in extreme poverty while comparing poverty levels between countries.

Poverty lines across countries differ as such the revision of the purchasing power parities (ppp) in 2017 by the International Comparison Program (ICP) brought about an array of benchmarks, this grouped countries into low, mid and high income. However, the international poverty line was still pegged at $1.90 per day while the lower middle-Income class poverty line has a value of US$3.20 and the upper-middle-income class poverty line has a value of US$5.50.

READ MORE: https://www.icirnigeria.org/are-90-million-nigerians-living-in-extreme-poverty/

How did they arrive at this statistics?

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ggirl4real:
How did they arrive at this statistics?

I wonder oooo

adidasBarca:
More 90million people are living in poverty. Go on research, don't just give by assumption

When a country is leading by bad leaders

Nothing Less than 160million Nigerians are living in Extreme Poverty!!

2 dollars a day is N800 - N900.


How many people ate up to N800 worth of home prepared food today ?


Did you take Milk, egg, bread today ? You are free.. Not N20 sachet milk o.


Or you ate Rice morning, Rice afternoon, Rice evening ? Or Garri rotation without ?

Only God will save his people. We pray for exemption.

God will take control

It's even far more

They are sugar coating that stats. It could be worse

Next level poverty tins.

Next level poverty tins.

It should be 180million sef