According to the World Bank, Nigeria's poverty rate reached 38.9% in 2023. "An estimated 87 million Nigerians live below the poverty line, the world's second-largest poor population after India ...

According to latest World Bank estimates, the share of Africans who are poor fell from 56% in 1990 to 43% in 2012. The report argues that the poverty rate may have declined even more if the quality ...

In a subsequent 2024 update, the World Bank estimated that 129 million Nigerians live below the poverty line, reflecting a sharp rise from 40.1 percent of the population in 2018 to 56 percent by 2024.

Yet, despite these staggering figures, Nigeria remains one of the poorest countries in the world. Nigeria, often referred to as the Giant of Africa, is one of the wealthiest nations on the continent.

and investing in services that lift millions out of poverty." To be fair, inequalities in the distribution of opportunities is not peculiar to Nigeria. According to Oxfam, economic rewards are ...

Nigeria per capita income has fallen to $835, further eroding living standards. Highlighting the need to address poverty and inequality.