Investogist
No Result
View All Result
Wednesday, April 1, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Gets SEC Approval for ₦5.8 Billion Rights Issue

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CWG Plc Proposes 70 Kobo Dividend as 2025 Revenue Grows 41%

    CWG Plc Proposes 70 Kobo Dividend as 2025 Revenue Grows 41%

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Grants International Oil Companies Full Access to Export Forex Earnings

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Abuja-Kaduna Train Derails, Several Injured

    Abuja-Kaduna Train Derails, Several Injured

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Ex Super Eagles Star Henry Nwosu Passes Away at 62

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Domestic Airfares Set to Rise as Aviation Fuel Hits N1,800/Litre

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Gets SEC Approval for ₦5.8 Billion Rights Issue

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CWG Plc Proposes 70 Kobo Dividend as 2025 Revenue Grows 41%

    CWG Plc Proposes 70 Kobo Dividend as 2025 Revenue Grows 41%

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Grants International Oil Companies Full Access to Export Forex Earnings

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote Refinery Hikes Petrol Price to ₦1,275 Per Litre

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Plc Signs ₦5.8 Billion Rights Issue

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Shell Confirms Ongoing Exit from South Africa

    Shell Confirms Ongoing Exit from South Africa

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Economy Economic Data

4 out of every 10 Nigerians are Poor – Government Agency

14 out of the 16 States with Poverty Rate above 50% are from the North

Monday, 4 May 2020, 2:51 pm
in Economic Data, Economy
1
4 out of every 10 Nigerians are Poor – Government Agency
Share Share Share Share Send as Email

According the latest Poverty and Inequality report released by the National Bureau of Statistics, 40.1% of Nigerians are poor. 18% of these poor individuals live in the Urban Areas while 52.1% live in the rural area. The report shows that majority of those under the poverty headcount rate are from the northern part of Nigeria.

The Nigerian Living Standards Survey (NLSS) is the official survey that is the basis for measuring poverty and living standards. Between September of 2018 and October of 2019, the National Bureau of Statistics (NBS) conducted the latest round of the NLSS after a decade.

The survey collected data on household and individual demographics (age, gender, marital status, among others), access to education, health and basic services, employment, assets, and income. The survey is used to measure prevalence of poverty and to estimate a wide range of socio-economic indicators including benchmarking of the Sustainable Development Goals.

  • Read also; Coronavirus Update – Cases in Tanzania May be Exaggerated – President; Nigeria Records 170 new cases 

“In Nigeria 40.1 percent of total population were classified as poor. In other words, on average 4 out of 10 individuals in Nigeria has real per capita expenditures below N137,430 Naira per year. This translates to over 82.9 million Nigerians who are considered poor by national standards.

“It is important to note, that this number excludes the state of Borno. Because, households samples from Borno, was not representative of the whole state since only households from “accessible” (safe to visit, areas only) were interviewed. Thus, the Borno sample is considered non-random and non-representative”.

  • Read More; Covid-19 – IMF approves $3.4 billion for Nigeria
  • Barr. Amaka discusses Nigeria’s Business Laws and Tax System: What every Business Owner should Know: Part 2

The national poverty line is calculated by adding food poverty line and cost of non-food basic needs. This results in value of poverty line equal to 137,430 Naira per person per year. The implication of this value is that individuals living in households whose per capita annual consumption expenditures is below 137,430 Naira are considered poor by national standards.

Data Source: National Bureau of Statistics (NBS)

Fourteen out of the top 16 states with high poverty rates are from the North. With Sokoto having the highest rate of 87.73%. It is closely followed by Taraba state and Jigawa state with rates of 87.72% and 87.02% respectively.

  • Read further; Building a Successful Business Organization: Lessons from the Bible
  • How Much is the Business Worth: An Introduction to Financial Statements

The only South Eastern state in the top ten states with high poverty rate is Ebonyi state with a rate of 79.76%. It is notable that there is no South Western state in the top 20 states with high poverty rate.

The national poverty line is based on a welfare aggregate—regionally adjusted per capita consumption expenditures across all households. The headcount ratio defines the proportion of population that is living in the households where the value of per capita total consumption expenditure is below or equal to the poverty line.

Written by:

Ifunanya Ikueze

Related Posts:

  • Naira 1
    FG to give N5,000 each to 24.3 million poor…
  • Buhari
    Buhari requests senate approval for $800mn loan to…
  • International-Breweries
    International Breweries Plc poor financial…
  • IMG-20220731-WA0000
    Demand for coal to hit record high in 2022 -…
Previous Post

Barr. Amaka discusses Nigeria’s Business Laws and Tax System: What every Business Owner should Know: Part 2

Next Post

CFD’s Review April 27, 2020 to May 1, 2020: Forex, Indices and Commodities

Next Post
Week ended 24.04.2020 in Review: Forex, Indices and Commodities Market

CFD's Review April 27, 2020 to May 1, 2020: Forex, Indices and Commodities

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

BUA Foods Proposes ₦28 Dividend as Profit Surges 95% in 2025

May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

May & Baker Reports a 174% Profit Increase, Proposes 50 Kobo Dividend

Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

Okomu Oil Palm Revenue Soars 52% in 2025, Proposes ₦55 Dividend on Golden Jubilee

Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

Guinea Insurance Gets SEC Approval for ₦5.8 Billion Rights Issue

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved