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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. These statements might seem to be contradictory to non-economists. But closer analysis suggests that Buhari and the World Bank are right – depending on how poverty is measured. The first is income or monetary measure of poverty, what economists refer to as the ‘headcount index’. It measures the proportion of the population that is poor based on a minimum personal income - for example $1.90 per day. This minimum amount is deemed adequate to maintain an acceptable living standard, given the cost of living in a given country.

United kingdomBorno stateSouth africaMuhammadu buhariWorld bankNigerian national bureau of statisticsHappy planet indexHappy planet indexNigerian national bureauPoverty linePoverty ratePoverty reductionPresident muhammadu buhariOverty reduction mechanismsஒன்றுபட்டது கிஂக்டம்போர்னோ நிலை