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Nigeria's poverty profile is grim - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.


28 June 2021, 4:12 AM
 | 
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. ....

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Nigeria's poverty profile is grim. It's time to move beyond handouts


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. ....

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UK-Nigeria Tech Hub Developer Placement Programme - Case study

UK-Nigeria Tech Hub Developer Placement Programme - Case study
gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.

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NBS to Ngige: You Lied, Our Unemployment Statistics Accurate


James Emejo in Abuja
The National Bureau of Statistics (NBS), yesterday accused the Minister of Labour and Employment, Senator Chris Ngige, of distorting facts and casting aspersion on the credibility of the employment statistics they produced.
Yesterday, the Minister had through the verified official twitter handle of the ministry, alleged that the country’s employment data might be inaccurate, particularly the methodology used in arriving at the figures.
He stated further that the World Bank had also queried the methodology adopted as it does not conform with global standards, especially that of the International Labour Organisation (ILO).
Ngige tweeted: “There has been a little confusion as to the accuracy of data generated by the NBS. So, we want to align everything tomorrow. The World Bank says the NBS methodology doesn’t conform with the global standard, especially the ILO format of arriving at such Employment Index.” ....

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