A recent report from the National Bureau of Statistics said 40.1 per cent of Nigerians live in poverty.
The statistics organization on Monday said over 82.9 million people in the country earn below the poverty benchmark of N137,430 every year.
The data, contained in the NBS’ Nigerian Living Standard Survey report, was gathered between September 2018 and October 2019.
“In Nigeria, 40.1 per cent of the total population was classified as poor,” the NBS report said. “In other words, on average, four out of 10 individuals in Nigeria have real per capita expenditures below N137,430 per year which is considered poor.
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The interpretation of this indicates that over 82.9 million Nigerians are considered poor by national standards. It is important to note that this number excludes the state of Borno.” The bureau said.