RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Exploring the data on multidimensional and monetary poverty in Nigeria.

Rate Captain by Rate Captain
February 20, 2023
in Economy
Reading Time: 2 mins read
A A
0
Exploring the data on multidimensional and monetary poverty in Nigeria.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

According to the Nigeria Multidimensional Poverty Index (MPI) 2022, approximately 133 million people, or 62.9% of the population, in Nigeria are multidimensionally poor. This means that they experience deprivations in more than one dimension, or in at least 26% of weighted deprivations. The average deprivation score among poor people is 40.9%.

The poverty in Nigeria manifests not just in a lack of income but also in the lack of basic amenities such as access to healthcare, education, water, adequate sanitation, and clean cooking fuels. A significant portion of the poor population is deprived of clean cooking fuel, adequate sanitation, and access to healthcare.

AlsoRead

Controversy Takes Flight: Aviation Firms Slam Minister’s Rushed Plans for Nigeria Air.

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

Telecom Operators Blame Communications Minister for Telecom Debt Crisis

Of the multidimensionally poor population, 65% (86.1 million) live in the North, while 35% (nearly 47 million) live in the South. The poorest districts in Kebbi South and Bayelsa have the highest intensity of poverty, with each poor person lacking in 51% of the weighted MPI indicators.

Moreover, 7 out of 10 Nigerians living in rural areas are multi-dimensionally poor, compared to 4 out of 10 in urban areas. Multidimensional poverty is higher in rural areas, where 72.0% of people are poor, compared to 42.0% of people in urban areas. Approximately 70% of Nigeria’s population lives in rural areas, yet these areas are home to 80% of the country’s poor. The intensity of poverty in rural areas is also higher, at 41.9%, compared to 36.9% in urban areas.

Overall, the data suggests that poverty in Nigeria is multidimensional, with a significant portion of the population lacking basic amenities and access to healthcare. Rural areas have higher levels of multidimensional poverty and intensity of poverty, highlighting the need for targeted poverty reduction efforts in these areas.

The data on multidimensional and monetary poverty in Nigeria paints a grim picture that highlights the need for more effective policies as well as greater investment by governments and other stakeholders in social protection programs that can help reduce these types of deprivations among Nigerian citizens. In particular, there is an urgent need for targeted interventions aimed at reducing extreme levels of deprivation across different parts of the country, particularly those areas with higher concentrations or pockets where multiple deprivations exist side-by-side, such as lack of access to healthcare services combined with inadequate sanitation facilities or limited access to clean cooking fuels along with food insecurity issues.

Previous Post

Facebook to roll out paid subscription.

Next Post

Nigeria’s box office recorded N819m sales in January. 

Related News

Controversy Takes Flight: Aviation Firms Slam Minister’s Rushed Plans for Nigeria Air.

Controversy Takes Flight: Aviation Firms Slam Minister’s Rushed Plans for Nigeria Air.

by Rate Captain
May 26, 2023
0

The proposed national carrier, Nigeria Air, has become a topic of contention as domestic aviation firms, represented by the Airline...

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

Manufacturing Sector at Risk: Will Interest Rate Hike Fuel Nigeria’s Recession?

by Rate Captain
May 26, 2023
0

The recent decision by the Central Bank of Nigeria (CBN) to raise the monetary policy rate (MPR) from 18 percent...

Telecom Operators Blame Communications Minister for Telecom Debt Crisis

Telecom Operators Blame Communications Minister for Telecom Debt Crisis

by Rate Captain
May 26, 2023
0

The telecommunications industry players have accused the Minister of Communications and Digital Economy, Prof. Isa Pantami, of being responsible for...

IMF Approves $3 Billion Bailout for Ghana, Boosting Investor Confidence.

IMF Urges Incoming Government to Boost Nigeria’s Revenue and Reduce Debt Dependency.

by Rate Captain
May 26, 2023
0

In a virtual forum discussing Nigeria's debt situation, the International Monetary Fund (IMF) has called upon the incoming government led...

Next Post
Nigeria’s box office recorded N819m sales in January. 

Nigeria’s box office recorded N819m sales in January. 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

May 28, 2023
MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

May 28, 2023

Popular Story

  • MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

    MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

    0 shares
    Share 0 Tweet 0
  • Canada Expedites Family Reunification Process, Contrasting UK’s Immigration Policy

    0 shares
    Share 0 Tweet 0
  • University of Glasgow Offers Leadership Scholarships for International Students.

    0 shares
    Share 0 Tweet 0
  • Access Bank Invites Applications for 2023 Entry Level Trainee Program in Technology

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>