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Poverty is the lack of, or the inability to achieve socially acceptable standard of living. [34] Officially, there is no poverty line put in place for Nigeria but for the sake of poverty analysis, the mean per capita household is used. So, there are two poverty lines that are used to classify where people stand financially.
Multidimensional poverty encompasses a range of deprivations that a household may suffer. The number of indicators and specific indicators used depend on the purpose of the measure. Common purposes include national poverty measures that reflect changes over time, targeting of services or conditional cash transfers and monitoring and evaluation.
The depth of poverty is the average 'gap' (G) between the level of deprivation poor people experience and the poverty cut-off line. M1 = H x A x G. Adjusted Squared Poverty Gap (M2): This measure reflects the incidence, intensity, and depth of poverty, as well as inequality among the poor (captured by the squared gap, S). M2 = H x A x S.
By Felix Onuah. ABUJA (Reuters) - The United Nations children's agency, UNICEF, plans to commit $270 million to Nigeria's humanitarian and poverty alleviation efforts and pledged to help set up an ...
Presenting its six-monthly update on development in Africa's most populous country, the organisation gave a GDP growth forecast for Nigeria of 1.9% in 2021 and 2.1% in 2022, compared with 3.4% ...
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 more populous India. [1]
National Poverty Eradication Programme (NAPEP) is a 2001 program by the Nigerian government aiming at poverty reduction, in particular, reduction of absolute poverty. [5] It was designed to replace the Poverty Alleviation Program. [1]
The Multidimensional Poverty Index (MPI): The 2010 Report featured a new multidimensional poverty measure that complements income-based poverty assessments by looking at multiple factors at the household level, from basic living standards to access to schooling, clean water and health care. About 1.7 billion people—fully a third of the ...