Data from the statistics office on Monday showed that 40% of people in Nigeria live in poverty, underlining lower levels of wealth in the West African nation.
National Bureau of Statistics, NBS, said over 82.9 million or about 40 per cent of the country’s population were classified as poor in 2019.
The NBS, in its executive summary of the 2019 poverty and inequality report, noted that the bureau said between September 2018 and October 2019, it conducted the latest round of the Nigerian Living Standards Survey after 10 years.
The national poverty line is calculated by adding food poverty line and the cost of non-food basic needs, according to the statistics office. National Bureau of Statistics reveals its calculations showed that the value of the national poverty line was equal to N137, 430 per person, per year.
The figures highlights that when the consumption expenditure of a Nigerian was below N137, 430 per year, such individual is considered poor by national standards.
The bureau discloses that between September 2018 and October 2019, it conducted the latest round of the Nigerian Living Standards Survey after 10 years.
The statistics office said it did not include Borno, the state worst hit by the decade-long Boko Haram insurgency, because many areas there were not safe to reach.
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