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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 GDP growth rate dropped to 2.7% in 2015.
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.
Multidimensional Poverty Indices uses a range of indicators to calculate a summary poverty figure for a given population, in which a larger figure indicates a higher level of poverty. This figure considers both the proportion of the population that is deemed poor and the 'breadth' of poverty experienced by these 'poor' households, following the ...
with lowest economic class based on the World Bank's international poverty lines of $2.15 and $3.65 a day Country Region World Bank Income group (2024) Extremely poor: Less than $2.15 a day Moderately poor: $2.15 to less than $3.65 a day Not extremely or moderately poor: $3.65 or above a day Afghanistan: South Asia Low income
Kibera is the largest slum in Nairobi, Kenya.. Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa.African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
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 ...
A Nigerian court on Tuesday sentenced a Chinese national to death after finding him guilty of killing his girlfriend, a government official told The Associated Press, vowing to recommend execution ...
Nigeria was ranked by the World Bank as among the 20 poorest in the world. [7] To revive the economy, Shonekan resumed talks with the IMF and World Bank and the took the unpopular decision to remove subsidies on petroleum products, thereby raising the price by 700%. The Nigerian Labour Congress went on strike over the price increase.