Over 1.1 million Nigerians have slip into extreme poverty in just four months.
This has brought the number of Nigerians living in extreme poverty — or below $1.90 a day — to 88 million.
In June 2018, the Brookings Institution named Nigeria as the poverty capital of the world, with 86.9 million extremely poor people.
Nigeria overtook India as the world poverty capital, despite being six times smaller in population than the Asian country.
According to the World Poverty Clock, created by Vienna-based World Data Lab, 88,011,759 Nigerians are currently living in extreme poverty.
The World Bank, IMF, United Nations, and major development institutions across the world forecast that Nigeria will not hit the 2030 target for ending global poverty.
The Bill and Melinda Gates Foundation also suggest that West Africa, primarily, Nigeria will host 40 percent of the world’s poorest people by 2030.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
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