MaxShimba
Platinum Member
- Apr 11, 2008
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The number of Nigerians living on less than $1 per day has increased since 2004 despite economic growth in Africa's top oil producer, the National Bureau of Statistics said on Monday.
"It remains a paradox... that despite the fact that the Nigerian economy is growing, the proportion of Nigerians living in poverty is increasing every year," head of the bureau Yemi Kale said in a statement.
He said "51.6 percent of Nigerians were living below US$1 per day in 2004 but this increased to 61.2 percent in 2010."
The bureau's latest report makes clear that income inequality, a chronic problem in Africa's most populous nation, is worsening, according to Kale.
Poverty worsening in Nigeria: official report - Yahoo! News
"It remains a paradox... that despite the fact that the Nigerian economy is growing, the proportion of Nigerians living in poverty is increasing every year," head of the bureau Yemi Kale said in a statement.
He said "51.6 percent of Nigerians were living below US$1 per day in 2004 but this increased to 61.2 percent in 2010."
The bureau's latest report makes clear that income inequality, a chronic problem in Africa's most populous nation, is worsening, according to Kale.
Poverty worsening in Nigeria: official report - Yahoo! News