SHOCKING: More Nigerians Will Fall Into Extreme Poverty - Experts
May. 01, 2019
More Nigerians will fall into extreme poverty as the nation’s population rose to a new high of 201 million, outpacing economic growth by 0.63 per cent.
This was the position of economic analysts and reproductive health experts who spoke to Vanguard in reaction to the United Nations Population Fund, UNFPA’s 2019 world population report which placed Nigeria’s population on a new high of 201 million.
This came as the federal government, yesterday, said there were no plans to control the nation’s population.
According to the National Bureau of Statistics, NBS, Nigeria’s economy as measured by the Gross Domestic Product (GDP) grew by 1.93 per cent in 2018. This represents 0.63 percentage points lower than the population growth of 2.6 per cent.
On the demographic scene, the country emerged as the world’s poverty capital, with six Nigerians falling into extreme poverty every minute.
At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million.
What is more, extreme poverty in Nigeria is growing by six people every minute, while poverty in India continues to fall, said the Brookings Institution of United States.
This trend will persist, according to economic and reproductive health experts, should population growth continue to outpace economic growth.