World Poverty Clock says over 91m Nigerians now extremely poor

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*President Muhammadu Buhari

The World Poverty Clock has updated Nigeria’s poverty index saying in its latest report that the number of extremely poor Nigerians has increased to 91.6 million.

It would be recalled that the organisation had, in its June 2018 report christened Nigeria the poverty capital of the world with 87 million people living in abject poverty.

The latest figure shows that an additional four million Nigerians have since fallen under the poverty line.

The report added that six Nigerians become poor every minute.

The World Poverty Clock is a tool to monitor progress against poverty globally.

It uses publicly available data on income distribution, production, and consumption provided by various international organisations, most notably the United Nations, World Bank and the International Monetary Fund.

According to the World Poverty Clock, 91.16 million Nigerians were living below a dollar a day as of February 13, 2019.

The World Bank said a person can be said to be living in extreme poverty if they live below the poverty line of $1.90 which translates to N693.5 per day.

The President Muhammadu Buhari government had last year rejected the report, insisting that it had created jobs especially in the area of agriculture, and reduced poverty.

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