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As of 2010, the Gini coefficient of Nigeria is rated medium, at 0.43. [12] However, there are more rural poor than urban poor. [13] This is correlated with differential access to infrastructure and amenities. [14] This results from the composition of Nigeria's economy, especially the energy (oil) and agriculture sectors.
The program is seen as an improvement over the previous Nigerian government poverty-reduction programmes. [1] According to a 2008 analysis, the program has been able to train 130,000 youths and engaged 216,000 people , but most of the beneficiaries were non-poor.
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] The poverty rate in Nigeria remains one of the world's highest and is especially high in the north of the country.
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
[153] [154] Poverty is a major factor that drives child labour in Nigeria. In poor families, child labour is a major source of income for the family. [153] About 6 million of Nigeria's children do not go to school at all. In the current conditions, these children do not have the time, energy or resources to go to school.
Number of people living in extreme poverty from 1820 to 2015. Population not in extreme poverty Population living in extreme poverty Total population living in extreme poverty, by world region 1990 to 2015. Latin America and Caribbean East Asia and Pacific Islands South Asia Middle East and North Africa Europe and Central Asia Sub-Saharan Africa Other high income countries The number of people ...
Gallegos, like many in the nation's poorest neighborhoods, doesn't have air conditioning. The 68-year-old covers his windows with mattress foam to insulate against the heat and sleeps in the ...
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse environmental, legal, social, economic, and political causes and effects. [1]