• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Most Nigerians live in poverty

Feb 13 2012 11:49
Reuters
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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...