A major effect of this is a widened gap between the rich and poor as the country remains economically vulnerable, with inadequate infrastructure, erratic power supply, limited access to healthcare, education, insecurity, low broadband internet penetration and general low standard of living.
The latest data from the World Data Lab revealed that of the 209,707,456 people living in Nigeria, 89,822,903, that is about 43 per cent, live below poverty line of less than $1.90 per day.
Out of this figure, the number of poor people in rural areas is put at 56,481,799, that is 63 per cent of the total poor, while 41,406, 595, being 35 per cent represents the urban poor.
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Federal Government on Thursday disclosed that it has concluded plans to absorb one million youths into Batch ‘C’ of the N-Power scheme across the country, with the launch of the National Social Investment Management Systems (NASIMS).
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq who launched the programme in Abuja, tasked all Nigerians who applied for the N-Power programme to log into N-Power self-service portal on www.nasims.gov.ng and update their records, following which they may proceed to the mandatory online test in order to progress to the next level of selection.