Four in 10 Nigerians lived below the poverty line — about 80 million people. According to United Nations, poverty entails more than the lack of income and productive resources, but includes hunger and malnutrition; limited access to education and other basic services; social discrimination and exclusion, as well as the lack of participation in decision-making.
Around 40.1 percent of Nigerians live on less than the national poverty line of N137,430 per person per year. This means that some 82.9 million Nigerians were living in poverty. Some 84.1 percent of poor Nigerians lived in rural areas. This, in itself, is a marker of Nigeria’s spatial inequality.
In a report published by the World Bank, sluggish growth, low human capital, labor market weaknesses, and exposure to shocks are holding Nigeria’s poverty reduction back.
As the whole world celebrated International Day for the Eradication of Poverty, on Monday, 17 October, the UN while addressing the 2022 theme: “Dignity For…
