At least 105 million Nigerians are now living in extreme poverty, according to new data from the World Poverty Clock published by online newspaper, SaharaReporters.
By the new report, 10 percent of Nigeria’s population sank into extreme poverty within the last two months.
Extreme poverty is a living standard less than $1.90 in a day.
The total of 40.1 per cent of Nigerians lived in extreme poverty as at September but now 51 per cent.
The report blames the impact of Coronavirus pandemic on living conditions in the country.
The report says Nigeria has a total population of 205,323,520 people. At least 105,097,856 representing 51 per cent of the county, are living below $1.90 or N855 a day.
The data further shows that more men in Nigeria are extremely poor compared to their female counterparts.
Around 53,133,553 million men are living below the poverty threshold while 51,564,303 of women are also extremely poor.
The model also provides a target escape rate that Nigeria must meet to escape extreme poverty—it is set at 0.3 people per second.
Current data, however, shows that Nigeria falls short of this target with -4.4 people escaping poverty per second.