82.9 Million Nigerians Live In Poverty - NBS

A 2019 report on Poverty & Inequality released, on Monday, by the National Bureau of Statistics says that 82.9 million Nigerians live in poverty, which is representative of 40.09% of the country's population.

Although, the data released exempts Borno State that has been scourged by insurgencies.

The report also shows that 18.04% of urban dwellers live in poverty, while in the rural areas, 52.10% of people live in poverty.

In 2010, the National Bureau of Statistics released a report that showed that 60.9% of Nigerians were living in poverty, which, at the time, the total population of Nigeria was estimated to be 112.4 million.

The measurement of poverty and the standards of living between the months of September 2018 and October 2019 were taken by the Bureau, in conjuction with the World Bank, from the Nigerian living standards survey (NLSS).

READ ALSO: N-Power Device Collection: 'Do The Needful' - Beneficiaries Tell Handlers

The report states that “The consumption aggregate is the monetary value of food and non-food goods and services consumed by the household.

“Thus, the consumption aggregate has the following component: expenditure on food from all sources, schooling and education expenditure, healthcare expenditure, housing expenditure, non-food expenditure like clothing and recreation.”

Nigeria, in 2018, overtook India as the world's poverty capital according to Brookings Institution.