• FULL mini budget speech

    Read the full mini budget speech delivered by Finance Minister Pravin Gordhan.

  • #FeesMustFall reporting

    What are the real issues and whose voices are being suppressed by social media, asks Solly Moeng.

  • Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

All data is delayed
See More

Most Nigerians live in poverty

Feb 13 2012 11:49
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


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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote