Home News India replaces Nigeria in world’s top poverty ranking

India replaces Nigeria in world’s top poverty ranking

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Nigeria is no longer the country with the highest number of extremely poor people in the world, according to the World Poverty Clock (WPC). 

WPC, which is a tool to monitor progress against poverty globally, now ranks India as the topmost country in that deplorable league.

In 2018, Nigeria with 87 million people recorded to be in extreme poverty, held the ultimate position as against India’s 73 million.

Extremely poor people are those living on N800 per day (less than $2 per day), according to WPC data.

A tool of Vienna-based NGO, World Data Lab, WPC, which provides real-time poverty data across countries, was launched in Berlin in 2017.

It said its recent update took into consideration the effects of COVID-19 pandemic.

WPC data revealed that about 83 million Indians have been plunged into extreme poverty in 2022, representing six percent of the country’s population which stands at 1.3 billion.

In Nigeria, however, WPC said 70 million people are living in extreme poverty, representing 33 percent of Nigeria its over 200 million people.

In 2020, the National Bureau of Statistics (NBS) said more than 80 million Nigerians live in extreme poverty (on one US dollar per day).

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