The Poorest States In Nigeria In this article, we will be discussing the top 10 poorest states in Nigeria. Throughout this oil boom period, naira (Nigerian Currency) increased, and agricultural exports dropped by almost half the value and half the volume. Only the places striving with economic activity and are very capital-intensive, possess law firms, small local businesses, and the governing powers.[17]. [11], The lack of a stringent regulatory and monitoring system has allowed for rampant corruption. Top 10 Richest Footballers In Africa (Updated 2020) Updated: August 24, 2020 by Editorial Team. 2020], Highest Currencies In Africa (Updated! So when the oil revenue crumbled the real capital income decreased heavily and Nigeria's economy took a big hit. In this article, we bring you the top ten richest Nigerian musicians and their net worth. When looking at human development, Nigeria is at the bottom of the scale and corruption scores highest. ", "Poverty, Growth and Inequality in Nigeria: A Case Study", "Nigerian Gross Domestic Product Report Q2 2015", "Poverty in a Wealthy Economy: The Case of Nigeria", "Violence in Nigeria's Oil Rich Rivers State in 2004: Summary", "The illegal but lucrative trade in educational materials, for instance, cripples the work of teachers", "Nigeria: US$3.6 Billion in Public Funds Stolen, Says Anti-Graft Body", "Transparency International calls on the Nigerian government to step…", "Nigeria's naira crumbles to record low as oil pressures mount", "Nigeria - Multiple Indicator Cluster Survey 2016-2017", "Poverty Alleviation in Nigeria: Which Way Nigeria? The upper poverty line is N395.41 per person annually, which is two-thirds of the mean value of consumption. [13][15], This incongruence is compounded by the fact that oil revenue is poorly distributed among the population, with higher government spending in urban areas than rurally. [13][14] Agriculture, however, contributes to about 17% of GDP, and employs about 30% of the population. Household vulnerability is classified by the chances or risk that a household will either fall under the poverty line or if already poor, remain in poverty. Top Ten (10) Poorest States in Nigeria 2019:-1. Non-agricultural wages dropped massively as the labour workers increased in non-agricultural jobs because of the steady migration to more urban areas. [17], People that are presently not in poverty and those currently in poverty, will be considered vulnerable to poverty. If you fall under the lower poverty line you are considered extremely poor, while if you fall under the upper poverty line are considered moderately poor. Sokoto Sokoto state is rated as the poorest state in Nigeria, ranking 81.2% on poverty level. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015. One of the reasons for the continued success of corruption is the encouragement that it receives from the government. This is a list of Nigerian musicians. In Nigeria, those most at risk of poverty and financially insecure are widows (specifically ones without adult children), orphans, the physically challenged, and migrants. The lower poverty line is N197.71 per person annually, which is one-third of the mean value of consumption. Oil exports contribute significantly to government revenues; it contributes 9% to the GDP, and employs only a fraction of the population. :: Holler Africa - Make Yourself Heard! As result of the profiting oil businesses, much of the oil revenues were spent expecting that the oil prices would continue to increase. [21] They must get involved more and implant stronger reduction programs and ensure that it is being followed by all the officials and the departments. The resultant fiscal decentralisation provides Nigeria's state and local governments considerable autonomy, including control over 50% of government revenues, as well as responsibility for providing public services. [7] As of 2018, Population growth rate is higher than economic growth rate, leading to a slow rise in poverty. 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This article is mapped to listing the top 10 poorest states in Nigeria in 2020, with facts from the National Bureau of statistics. Poverty has also been increasing in the North and Northwest areas of the country as they account for 87% of poor people in Nigeria as of 2016. [11] This is correlated with differential access to infrastructure and amenities. Another determining factor of vulnerability to poverty is food poverty, which is sometimes considered the root of all poverty. As a result, the gap created by the oil boom of agricultural and non-agricultural profits finally stabilized. As at 2010, the Gini coefficient of Nigeria is rated medium, at 0.43. Government shows tolerance towards corruption and corrupted official s to the extent that the officials facing indictment are pardoned and accepted into the society. For a country with massive wealth and a huge population to support commerce, a well-developed economy, and plenty of natural resources such as oil,[3] the level of poverty remains unacceptable. Nigeria has almost 250 ethnic groups and two major religions (Islam and Christianity). [4] However, poverty may have been overestimated due to the lack of information on the extremely huge informal sector of the economy,[5][6] estimated at around 60% more, of the current GDP figures. Richest Yahoo Boys In Nigeria In this post, we have decided to highlight the top 10 richest yahoo boys in Nigeria, Before taking a look... Top 10 Best Rappers In Africa No doubt Sarkodie is the best rapper in Africa, but besides him who else? In 2016 during its first recession in 25 years, the economy contracted by 1.6%. The three main terminologies adopted to classify poverty is Vulnerability as Expected Poverty (VEP), Vulnerability as Low Expected Utility (VEU) and Vulnerability as Uninsured Exposure to Risk (VER). Kastina. Poverty in Nigeria can also be caused by the political instability of the country. High unemployment rates renders personal incomes even more divergent. In our previous articles, we wrote on... Top 10 Richest Yahoo Boys In Nigeria. Niger State is one of the States which make up the North-Central zone of Nigeria. Is there a remedy to eradicate corruption? David Adeleke, A.K.A Davdio is the richest musician in Nigeria. As a result, wages continued to decline and unemployment grew further in the mid 1980s. [22] During this shift to a focus on the oil boom, the agricultural sector, where the majority of people made a living, had a sharp drop occur. If a household has 50% or more odds of falling into poverty or staying in poverty, they are considered to be vulnerable to poverty. In our previous articles, we wrote on... How To Monetize Your Facebook Page According to Facebook, Pages can earn money from their content if they meet the Partner Monetization Policies. Music is life and many talented singers in Nigeria have made their mark. However, these programs have largely failed to overcome the three reasons[9] for this persistent poverty: income inequality, ethnic conflict, and political instability. The answer lies in the hands of Nigeria's federal government. Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product … As these wages decreased, agriculture thrived temporarily but eventually ended up declining as well. So, there are two poverty lines that are used to classify where people stand financially. As a result of extreme corruption, even the poverty reduction programs suffer from no funding and have failed to give the needed remedy to this country. [23], One of the terrible effects of Nigeria's poverty problems is the result of child poverty. Most Southern states had the lowest percentage while Sokoto state had a very high one as of 2019. [18] Civil unrest might also have contributed to the adoption of populist policy measures which work in the short-run, but impede poverty alleviation efforts. According to a 2018 report by the World Bank, almost half the population is living below the international poverty line ($2 per day), and unemployment peaked at 23.1%.[8]. Nigerian corruption and poverty are interrelated and encourages each other. The likeliness of poverty in rural areas of Nigeria is higher with those of household characteristics such as the number of people living in a household, education level, and production. Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report released in July 2019 by the World Bank. Altogether, 61.68% of Nigerians are vulnerable to food poverty, so measures should be taken to increase food production and food distribution. The Poorest States In Nigeria 2020 (Top 10) Updated: August 29, 2020 by Editorial Team. Nigeria has historically experienced much ethnic conflict. It is also the seat of the Caliphate. The 10 Poorest States in Nigeria In some parts of Nigeria, poverty is most prevalent due to reasons such as economic instability, insurgency and ethnicity. Just by eradication corruption, Nigeria could come of poverty. personal reflection, personal essay, or argumentative essay, Learn how and when to remove this template message, http://www.actionaid.org/sites/files/actionaid/pc_report_content.pdf, National Accelerated Food Production Programme, Nigerian Agricultural and Co-operative Bank, Directorate of Food, Roads and Rural Infrastructure, List of countries by percentage of population living in poverty, "Nigeria Economic Report: Improved Economic Outlook in 2019, and Prospects for Continued Growth Look Good", "Poverty, growth and inequality in Nigeria", "The Informal Sector and Employment Generation in Nigeria", "The Informal Sector In Sub - Saharan Africa : Out Of The Shadows To Foster Sustainable Employment And Equity ? Nigeria's large population and historic ethnic instability has led to the adoption of a federal government. 2. [25], There have been attempts at poverty alleviation, most notably with the following programmes:[26], Long-term ethnic conflict and civil unrest. ", https://en.wikipedia.org/w/index.php?title=Poverty_in_Nigeria&oldid=978976152, Wikipedia articles with style issues from February 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 18 September 2020, at 01:42. 2020], Top 10 Most Populous Countries In The World (2020).
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