Six Nigerians Become Extremely Poor Every Minute – Report


A report by Brookings Institution has said that six Nigerians become extremely poor every minute.

India used to be hold the position but have now been overtaken by Nigeria. The report said the Democratic Republic of Congo could take the number two spot soon.

According to the report, Nigeria has about 87 million people living in abject poverty while India has 73 million.

“According to our projections, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number 2 spot,” it read.

“At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million. What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall.

“In fact, by the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there is today.

“Africans account for about two-thirds of the world’s extreme poor and that If current trends persist, Africa will account for nine-tenths by 2030.

“Fourteen out of 18 countries in the world—where the number of extreme poor is rising—are in Africa.”

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