Nigerian poverty increases despite economic growth

Reuters News
Posted: Feb 13, 2012 4:34 AM

ABUJA (Reuters) - Despite strong growth in Nigeria, Africa's second largest economy, the level of absolute poverty rose to 60.9 percent of the population in 2010 from 54.7 percent in 2004, the national bureau of statistics (NBS) said on Monday.

Absolute poverty is measured by the number of people who can afford only the bare essentials of shelter, food and clothing. Almost 100 million people in Nigeria were living on less than $1 a day in 2010, 61.2 percent of the population, compared with 51.6 percent in 2004.

Poverty is likely to worsen this year as wealth inequality continues to widen, NBS said.

(Reporting by Joe Brock)