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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.
Poverty in Nigeria remains significant despite high economic growth. [1] Nigeria has one of the world's highest economic growth rates (averaging 7.4% [ 2 ] over the last decade), an underdeveloped economy, and plenty of natural resources such as oil.
The novel exhibits the struggles of getting formal education in Nigeria in the 90's. These include truancy, cultism and poverty. These include truancy, cultism and poverty. Nzekwu and Crowder explain this albeit making it understandable for children.
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.
Nigeria's Conditional Cash Transfer program provides targeted cash transfers to the most vulnerable households with the long-term goal of lifting millions out of poverty. A monthly stipend of N5,000 ($13.89) is given to households in poverty-stricken communities along with an additional N5,000 for families designated as priorities or extreme cases.
“An Ordinary Wonder” by Buki Papillon is the latest selection of the FYI Book Club and the Kansas City Public Library. Set in Nigeria, award-winning book tells of hatred, prejudice and, above ...
Nigeria is the most populated African nation with 42.54% of the population falling within the age group of 0 -14. [49] Despite the population growth and its status as an OPEC member, Nigeria has 51% of the population living in extreme poverty, with some people living on as little as $1.90 a day. [50]
With economic insecurity, high unemployment rates, and poverty, the Boko Haram group was able to emerge within Nigeria as political protests. Boko Haram is a violent social group that arose, partly in response to the social and economic deprivation of Nigeria's northeastern population.