The 2019 Poverty and Inequality Report released by the National Bureau of Statistics (NBS) reveals that 40.1% of Nigerians are poor. In other words, on average 4 out of 10 individuals in Nigeria are estimated to have real per capita expenditures below 137,430 Naira per year.
According to the United Nations Population Fund (UNFPA) 2019 Population Statistics, Nigeria has a population of 201 million. This translates to over 80 million Nigerians who are considered
poor by national standards.