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How much poverty is there in Nigeria?

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As said before, poverty in Nigeria is mostly rural. Macroeconomic shocks tend to affect rural areas much more than cities. Poverty, for example, is expected to decline by more than 40% in cities, but it is to increase by over 7% in rural areas. read more

Nigeria has one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report released in July 2014 by the World Bank. Poverty still remains significant at 33.1% in Africa's biggest economy. read more

Among the 10 most populous countries for which data is available, only Nigeria recorded an increase in the number of citizens who live in extreme poverty over the period of the study. The Atlas defines “extreme poverty” as living on less than $1.90 a day. read more

Source: qz.com

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