By Kede Aihie
Over 83 Million Nigerians, living in extreme poverty, a million more than the total population of Germany.
According to the Interim Vice President and Director of Global Economy and Development, Kristofer Hamel, Chief Operating Officer (World Data Lab), Martin Hofer, Research Analyst, the number of Nigerians living in extreme poverty is growing by six persons every minute.
The report states that Nigeria (200 million people) in 2018, has already overtaken India (1.324 billion people) as the country with the highest number of extremely poor people.
The number of Nigerians living in extreme poverty crossed the 83 million mark in 2018, surpassing India’s number of extremely poor at 73 million. This means, almost one of out every two persons living in Nigeria is now living in extreme poverty. Living in extreme poverty is defined by the World Bank (WB) as living under $1.90 per day.
The challenge for Nigeria’s policy makers and government, between 1990 and 2013, Nigeria’s population grew at a phenomenal 81 percentage. Nigeria’s population is estimated to grow to about 400 million people by 2050. Making Nigeria, the third most populous nation on earth, surpassing the United States, only behind India and China