Loading...
See More

Most Nigerians live in poverty

Feb 13 2012 11:49 Reuters

Related Articles

No deal on Nigeria strike

Nigeria unions suspend fuel strikes

Nigerians strike over fuel subsidy cut

The outlook for Africa

Crisis in Nigeria

African outlets boost Famous Brands

 
Abuja - Despite strong growth in Nigeria, Africa’s second largest economy, the level of absolute poverty rose to 60.9% of the population in 2010 from 54.7% in 2004, the national bureau of statistics (NBS) said on Monday.

Absolute poverty is measured by the number of people who can afford only the bare essentials of shelter, food and clothing. Almost 100 million people in Nigeria were living on less than $1 a day in 2010, 61.2% of the population, compared with 51.6% in 2004.

Poverty is likely to worsen this year as wealth inequality continues to widen, NBS said.
poverty  |  nigeria
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Goalkeeper saves five penalties with his FACE!

Nothing, and we mean nothing, will keep goalkeeper Scott Stirling from stopping the ball!

 
 

Men24.com

Hottie of the day: Jesselyn
This invention makes farts smell like chocolate!
11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...