What does moving to the 2017 PPPs and new international poverty lines mean for Nigeria?
In September 2022, the World Bank is set to launch a series of new international poverty lines, as the data on prices that are used compare different countries are being updated. This has profound implications for poverty estimates in some countries. Nigeria’s poverty rate at the new extreme international poverty line of $2.15 in 2017 prices is about 8 percentage points lower than at the previous line of $1.90 in 2011 prices. This represents a difference of more than 15 million people. Nigeria’s poverty estimates are hugely important for regional and global poverty measurement, as the coun...