The Poverty Capital of the World: NIGERIA. SEATTLE, Washington Nigeria, a third world country in Africa, is known as the poverty capital of the world. The nation just exceeded India with the largest rate of people living in extreme poverty. In Nigeria, about 86.9 million people live in severe poverty, which is about 50% of its entire population. While the nation is smaller both geographically and in terms of population, it is failing at lowering the rates of poverty. The Nigerian National Bureau of Statistics said in 2020 that 40% or 83 million Nigerians live in poverty although Nigerias poverty profile for 2021 has not yet been released, CHAPTER ONE: INTRODUCTION. It may be recalled that the poverty incidence was put at 35 per cent during Nigerias oil boom decade in 1970-79. With Nigerias population growth continuing to outpace poverty reduction, the number of Nigerians living in extreme poverty is set to rise by 7.7 million between 2019 and 2024. Approval Page. There has also been a lot of inflationary pressure on food (17.1%). There is another reliable statistics that further reveals the poverty level To date, around 40% of Nigerian s live in poverty. Population: 24.21 million. This is one of the major causes of poverty in Nigeria, the rate of unemployment is very high and as such the standard of living is Official name: Federal Republic of Nigeria Capital city: Abuja Population: 214,028,302 Area: 923,768 sq km Major languages: English, Hausa, Yoruba, Igbo, Fulani Time zone: UTC+1 (West Africa Time) Source: CIA World Fact Book Interesting facts about Nigeria. Nigeria also is a major source, transit, and destination country for forced labor and sex trafficking. Period poverty has an impact on womens education, emotional well-being, While a little over one in three of Nigerias whole population lives below the poverty line, among children this proportion surges to 75 per cent. Is Nigeria richer than Ghana? Following the oil Nigeria is poor. OXFAM, an international NGO, released an index this July that listed 152 nations from best to worst in terms of efforts to end economic inequality; Nigeria was named at the bottom of that list. Nigeria is overflowing with oil wealth. It is the sixth-largest exporter of petroleum in the world. If the World Bank's income poverty threshold of $3.20 per day is used, Nigeria's poverty rate is 71%. Poverty headcount rate in Nigeria 2019, by area and household Poverty headcount rate in Nigeria 2019, by state 3. Extreme poverty has disturbed nearly every aspect of child development including education, nutrition, safety and hygiene. View 5 FACTS ABOUT POVERTY IN NIGERIA (1).docx from EDUC 309 at Lander University. Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. This poverty assessment represents the culmination of the World Banks ongoing engagement on poverty- and inequality-relevant data and analytics in Nigeria throughout the past two years, As a result of revisions In Nigeria, 25 percent of women do not have enough resources to handle their menstrual hygiene. Nigeria is located in West Africa on the Gulf of Guinea in the Atlantic Ocean. The National Bureau of Statistics (NBS) recently released the 2019 Poverty and Inequality in Nigeria report, which highlights that 40 percent of the total population, or almost 83 million Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international prices. Daily Trust on Sunday reports. people living below the poverty line, especially as the prevalence of undernourished in Sub-Saharan Africa is given to be at around 30 percent over the last decade. Poverty fell in California during the COVID pandemic, recent data shows, largely due to state and national safety net programs, especially the expansion of federal child tax credits. In February 2022, Nigerias annual inflation rate rose to 15.7 percent, up from 15.6 percent the previous month. 1386 Words6 Pages. Acknowledgement. Dedication. But CBN data indicate that in 2012, the poverty incidence topped 70 per cent. Nigerian statistics report that 8.5 percent of the near 21 million people living in Lagos, Nigeria In Nigeria, 25 percent of women do not have enough resources to handle their menstrual hygiene. Poverty can be attacked and eradicated through a holistic approaches. Through good policies, people's attitudes to changes and programmes, jettisoning subsistence farming that's the order of the day in Nigeria and entire Africa and adopting mechanized farming, above all, corruption must be trapped before any of the above works. 938 Words4 Pages. When considering the low levels of birth registration, in some areas up to 62 per cent, known data about child health issues are likely to underestimate the true scale. The poverty situation in Nigeria has been degenerating, as demonstrated by the pattern. Poverty In Nigeria Essay. Finally this research work shows that the level of poverty and unemployment can be controlled and reduced with the use of human capital development to accelerate unemployment and poverty reduction in Nigeria. The latest figure shows that over 105 million Nigerians now live in extreme poverty from 98 million in October 2019. Furthermore, Nigeria is also expected to register positive economic growth in 2021. 10 Facts About Poverty in Lagos. TABLE OF CONTENT. Title Page. 42.9% of Nigeriens live in poverty, earning less than $1.90 per day. It is bordered by Chad, The figures represent 51% of the population. Age structure 0-14 years: 41.7% (male 45,571,738/female 43,674,769) 15-24 years: 20.27% (male 22,022,660/female 21,358,753) 25-54 years: 30.6% (male 32,808,913/female 32,686,474) 55-64 years: 4.13% (male 4,327,847/female 4,514,264) 5 Facts About Poverty in Nigeria. Between 2020 and 2021, the inflation shock forced nearly 8 million Nigerians into poverty. In 2022, nearly 13 percent of the world population in extreme poverty lived in Nigeria, considering the poverty threshold at 1.90 U.S. Lagos is faced with the issues of increasing population. Nigeria Poverty Rate 1985-2022. Sluggish growth, low human capital, labor market weaknesses, and exposure to shocks are holding Nigerias poverty reduction back says a new World Bank report A Better Future for All Nigerians: Nigeria Poverty Assessment 2022. Poverty in Nigeria is widespread. World Population Review reports that the population growth in Lagos in 2021 is 3.44% (14,862,111) and would increase by 0.19% percent by 2023. Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Ghana ranked 73rd with $65.6B. These five facts about child poverty in Nigeria offer The poverty status at household level revealed that 56% of the rural households are poor while 44% are not poor. The following are the causes of poverty: 1. First, GDP growth numbers can be misleading in an economy that is heavily By 2005, poverty incidence has increased to 92 million (55.81%). The economy is dependent on oil, creating inherent My proposed research topic is Child Poverty: Experiences, Interpretations and Coping strategies of their living conditions in rural Nigeria. Unemployment. Poverty is a condition in which a persons basic needs are not being met, these needs being food, shelter and clothing. The National Bureau of Statistics said 60.9% of Nigerians in 2010 were living in "absolute poverty" - this figure had risen from 54.7% in 2004. Available official record as at 1980 put the poverty figure at 46.18% (73 million people). The poverty level in the north-east is 76.8 percent while the poverty level in the north-west of Nigeria is 81.1 percent. 83% of the 3.8 million people in Niger require humanitarian assistance. In addition to the Nigerian economy being on the rise, the figure for citizens 1. According to Nigerian Poverty Statistics, the poverty rate in Lagos is 8.5 percent, about 1,263,279 living in extreme poverty. Nigeria as the Poorest Country in the World (10 minutes) [May have to turn on CC due to the dialect] Nigeria ranked Food insecurity and undernourishment Share of undernourished population in Three facts stand out. The report represents the culmination of the World Banks engagement on poverty- and inequality-relevant data and (bbc.co.uk 2014). A food crisis such as Nigerias causes distressing levels of stunting in children and is correlated with high rates of poverty. Here are ten facts about poverty in Lagos. Nigerias main cause of Poverty can be attributed to a lack of food and water. For example, farmers in Nigeria cannot afford the cost of modern farm equipment or use fertilizer to increase crop yield because the systems and chemicals are relatively expensive. Also, water shortages limit farmers ability to grow crops. By 2100, Nigeria is slated to have the second-largest population in the world, surpassing In 2018, 40% of Nigerians (83 million people) lived below the poverty line, while another 25% (53 million) were vulnerable. Abstract. Anyway, it is clear that given the rich natural resources, the level of poverty in Nigeria is remarkably high. Fast facts. Period poverty has an impact on womens education, emotional well-being, health, comfort, and the economy of their country. Table of content. 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