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World Bank reports on global and Nigerian poverty
Overview
A World Bank Poverty and Equity Brief for Nigeria highlights a strong correlation between educational attainment and economic status. The report states that 82.9% of Nigerians aged 16 and older without formal education live below the poverty threshold of $4.20 per person per day. In comparison, the poverty rate drops to 26.6% for those with tertiary or post-secondary education. The data indicates that poverty levels decline as education increases, though education does not entirely eliminate financial hardship.
A separate World Bank Group report on global poverty reveals that over 811 million people, or 1 in 10 globally, live on less than US$3.00 a day, a rate that has remained unchanged since 2019. The report notes that more than half of the world's extreme poor reside in nine economies, with projections suggesting that by 2030, over 87% of these individuals will be located in Sub-Saharan Africa or areas characterized by fragility and conflict.
Entities
Timeline
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[INTERNATIONAL] 3 sourcesWorld Bank report shows 811 million people living in extreme poverty
A World Bank report states 811 million people live in extreme poverty, a rate unchanged since 2019, with most future poverty concentrated in Sub-Saharan Africa.
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[BUSINESS] 2 sourcesWorld Bank report: 83% of uneducated Nigerians live in poverty
A World Bank report shows that nearly 83% of uneducated Nigerians live below the $4.20 daily poverty threshold, highlighting a massive economic gap based on educational attainment.
Sources
healthwise.punchng.com · india.timesofnews.com · kaieteurnewsonline.com · punchng.com · tanzaniatimes.net