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Nigeria's poverty profile is grim - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

28 June 2021, 4:12 AM
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The Conversation |
@SABCNews
Image: ReutersPoverty is an amorphous and subjective concept, which is influenced by what people consider to be more valuable in life.
Nigerians have been justifiably confused by conflicting poverty data presented by the Muhammadu Buhari administration and the World Bank. According to Buhari, his administration has lifted 10.5 million Nigerians out of poverty within the past two years. But no sooner had he made the statement than the World Bank asserted that inflation has plunged seven million Nigerians into poverty.
But closer analysis suggests that Buhari and the World Bank are right – depending on how poverty is measured. ....

United Kingdom , Borno State , South Africa , Muhammadu Buhari , World Bank , Nigerian National Bureau Of Statistics , Happy Planet Index , Happy Planet Index , Nigerian National Bureau , ஒன்றுபட்டது கிஂக்டம் , போர்னோ நிலை , உலகம் வங்கி , நைஜீரியன் தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , சந்தோஷமாக கிரகம் குறியீட்டு , நைஜீரியன் தேசிய பணியகம் ,

Nigeria's poverty profile is grim. It's time to move beyond handouts

Nigerians have been justifiably confused by conflicting poverty data presented by the Muhammadu Buhari administration and the World Bank. According to Buhari, his administration has lifted 10.5 million Nigerians out of poverty within the past two years. But no sooner had he made the statement than the World Bank asserted that inflation has plunged seven million Nigerians into poverty.
These statements might seem to be contradictory to non-economists.
But closer analysis suggests that Buhari and the World Bank are right – depending on how poverty is measured.
The first is income or monetary measure of poverty, what economists refer to as the ‘headcount index’. It measures the proportion of the population that is poor based on a minimum personal income - for example $1.90 per day. This minimum amount is deemed adequate to maintain an acceptable living standard, given the cost of living in a given country. ....

United Kingdom , Borno State , South Africa , Muhammadu Buhari , World Bank , Nigerian National Bureau Of Statistics , Happy Planet Index , Happy Planet Index , Nigerian National Bureau , Poverty Line , Poverty Rate , Poverty Reduction , President Muhammadu Buhari , Overty Reduction Mechanisms , ஒன்றுபட்டது கிஂக்டம் , போர்னோ நிலை , உலகம் வங்கி , நைஜீரியன் தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , சந்தோஷமாக கிரகம் குறியீட்டு , நைஜீரியன் தேசிய பணியகம் ,