A total of 40.1 per cent of Nigerians live in extreme poverty as at September 2020
According to new data from World Poverty Clock, More than 105 million Nigerians are extremely poor.
In September 2020, a total of 40.1 per cent of Nigerians lived in extreme poverty.
However, this number has drastically changed in less than two months.
The recent data reflects the impact of the Coronavirus pandemic on living conditions in the country.
Nigeria, with a total population of 205,323,520 people — 105,097,856 representing 51 per cent of the country, according to data records lives below N855 a day.
51% of Nigerians now live below $1.90 or N855 a day.
Gender related, the data further shows that more men in Nigeria are extremely poor in comparison to their female counterparts.
Around 53,133,553 million men are living below the poverty threshold while 51,564,303 of women are also extremely poor.
The data also provides a target escape rate that Nigeria must meet to escape extreme poverty—it is set at 0.3 people per second.
Current data, however, shows that Nigeria falls short of this target with -4.4 people escaping poverty per second.