The Nigerian National Bureau of Statistics has released the 2019 Poverty and Inequality index. The National Poverty rate is at 40.09%, which is estimated to be 82.9 million people.
The results were released by Dr. Yemi Kale, Statistician General of The Federation/ CEO Nigerian National Bureau of Statistics.
Lagos state had the least poverty rate at 4.5% while Sokoto had the highest at 87.7%.
Ebonyi is the poorest ranked Southern Nigerian state at 79.8%. In the South East, the least poorest state is Anambra at 14.8%.
The poverty rate of the nation’s capital, FCT stands at 38.7%.
The total inequality rate ( excluding Borno) is 35.13%. Plateau state has the highest inequality at 40.2% and Zamfara the lowest at 23.49%.
The average expenditure by Nigeria’s poorest 20% stands at N65,690 while for Nigeria’s richest 20% it’s N415,254.
In 2018, Nigeria replaced India as the country with the most poor people.