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Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
Poverty may therefore also be defined as the economic condition of lacking predictable and stable means of meeting basic life needs. As a result of the adoption of the 2017 PPPs, the global poverty lines have been revised in 2022: The international poverty line, used to define extreme global poverty, was revised to US$2.15 from US$1.90. Poverty ...
This is a list of Nigerian states by poverty rate as of 2019. The international poverty rate used by the World Bank is used in the following list. The estimates can therefore differ from other estimates, like the national poverty rate. Nigeria is the country with the most people living in extreme poverty worldwide since 2019, overtaking much ...
Nigerian states by Human Development Index as of 2022, ... Nigeria (average) 0.548: 24 Kaduna: 0.545 25 Adamawa: 0.539 26 Taraba: 0.527 27 Niger: 0.523 28 Kano: 0.482 29
Nigeria's inflation rate rose to 15.63 per cent in December 2021 compared to 15.40 per cent in November, the National Bureau of Statistics announced on January 17, 2022. The statistics office said the prices of goods and services, measured by the Consumer Price Index, increased by 15.63 per cent in December 2021 when compared to December 2020.
Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world's political and financial elite prepared for an annual ...
Nigeria’s statistics agency on Thursday reported the country’s unemployment rate as 4.1%, the lowest in many years, but one analysts said was an undercount because of the agency's new methodology.
Nigeria is the most populous country in Africa; a residence for more than 206 million people. [1] Hunger is one of the major issues that affect the citizens. 40% (82 million people) of the citizens live below the International Poverty Line of $1.90 daily, whilst another 25% are vulnerable.