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Poverty is the lack of, or the inability to achieve socially acceptable standard of living. [34] Officially, there is no poverty line put in place for Nigeria but for the sake of poverty analysis, the mean per capita household is used. So, there are two poverty lines that are used to classify where people stand financially.
The estimates can therefore differ from other estimates, like the national poverty rate. Nigeria is the country with the most people living in extreme poverty worldwide since 2019, overtaking much more populous India. [1] The poverty rate in Nigeria remains one of the world's highest and is especially high in the north of the country.
However, it retains a high level of poverty, with 41% of the population classified as poor by the National Bureau of Statistics in 2019 [3] (63% were living on less than $1 per day back in 2001 [4]). There have been governmental attempts at poverty alleviation, of which the National Poverty Eradication Programme (NAPEP) and National Poverty ...
As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions." [11] "National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates ...
This article presents two lists of Nigerian states by Human Development Index (HDI), including the Federal Capital Territory.The first list from the Radboud University Nijmegen ranks the states by the international HDI-methology.
The idea of the poverty line dates back to 1963, ... According to Bureau of Labor Statistics data, while the average American household spends 33.8% of its income on housing, American households ...
Nigeria might then be the 3rd most populous country in the world. In 2100, the population of Nigeria may reach 541 million. [ 31 ] While the overall population is expected to increase, the growth rate is estimated to decrease from 1.2 per cent per year in 2010 to 0.4 per cent per year in 2050. [ 30 ]
Nigeria is the most populous country in Africa; a residence for more than 206 million people. [1] Hunger is one of the major issues that affect the citizens. 40% (82 million people) of the citizens live below the International Poverty Line of $1.90 daily, whilst another 25% are vulnerable.