28 June 2021, 4:12 AM
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The Conversation |
@SABCNews
Image: ReutersPoverty is an amorphous and subjective concept, which is influenced by what people consider to be more valuable in life.
Nigerians have been justifiably confused by conflicting poverty data presented by the Muhammadu Buhari administration and the World Bank. According to Buhari, his administration has lifted 10.5 million Nigerians out of poverty within the past two years. But no sooner had he made the statement than the World Bank asserted that inflation has plunged seven million Nigerians into poverty.
But closer analysis suggests that Buhari and the World Bank are right – depending on how poverty is measured.