The Nigerian Living Standards Survey (NLSS) has revealed that 52% of Nigerians are living below the poverty line, which translates to over 105 million people living on less than $1 per day. The survey, conducted by the National Bureau of Statistics and the World Bank, also shows that poverty levels are higher in rural areas than in urban areas, with poverty rates of 64.2% and 40.7%, respectively. Additionally, the survey found that poverty rates were highest in the Northeast and Northwest regions of the country. The findings highlight the need for government policies and interventions to address poverty and improve the standard of living for Nigerians.
Key Takeaways:
over 80 million Nigerians live in poverty.
44% of the states in Nigeria have poverty ratio of over 50%
4 in every 10 Nigerians are poor
northern Nigeria had the most poverty headcount rate
poverty in Nigeria is worsening health standards, limiting access to education and deteriorating living standards
Nigeria's poverty rate increased from 40.1% in 2019 to 43.3% in 2021, with an estimated 87 million Nigerians living in poverty.
The unemployment rate in Nigeria is 33.3%, with youth unemployment accounting for a significant portion of the total.
The average monthly income per household in Nigeria is N103,204 ($250), with rural households earning significantly less than urban households.
Access to basic amenities such as electricity and healthcare remains a challenge for many Nigerians, with significant disparities between urban and rural areas.
Women and girls in Nigeria are more likely to live in poverty than men and boys, with gender-based discrimination and lack of access to education and job opportunities contributing to the gender poverty gap.
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