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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 ...
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.
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 ...
Rank State HDI (2022) High human development 1 Lagos: 0.721 2 Ebonyi: 0.706 Medium human development 3 Imo: 0.693 4 Federal Capital Territory: 0.678 5
The World Poverty Clock [1] is a tool to monitor progress against poverty globally, [2] and regionally. [3] It provides real-time poverty data across countries. [4] [5] Created by the Vienna-based NGO, World Data Lab, it was launched in Berlin at the re:publica conference in 2017, [6] [7] and is funded by Germany's Federal Ministry for Economic Cooperation and Development.
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.
Nigerian States by Estimated GDP, 2021 Nigerian States by GDP, 2010. The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [1]
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.