Vanguard Allure

Top Menu

  • Vanguard

Main Menu

  • Home
  • Allure Magazine
    • Features
    • Magazine
    • Profiles
  • Allure TV
  • Celebration
    • Fashion & Style
    • Weddings
    • Lifestyle
    • Events
  • Wellbeing
    • Allure Woman
    • Healthy Living
    • Beauty
  • Happiness
    • Food
    • Shopping
    • Travel
    • Relationships
    • Career
  • News
  • Vanguard

logo

Vanguard Allure

  • Home
  • Allure Magazine
    • Kemi And Dolapo Shabi: #AFreeUnion Winners

      March 7, 2021
      0
    • Fireboy: The Artiste To Beat

      February 28, 2021
      0
    • Azeez Oladapo Yusuf

      Azeez Oladapo Yusuf - Life of a serial entrepreneur @50

      February 28, 2021
      0
    • Princess Kelechi Oghene: Building Fashion Legacy

      February 21, 2021
      0
    • Gedoni And Khafi Ekpata

      Gedoni And Khafi Ekpata: To Love And To Hold

      February 14, 2021
      0
    • 'I'm pushing only JESUSBrand' - Dupsy Oyeneyin, Gospel Singer

      January 31, 2021
      0
    • Juliet Okonkwo: From Passion To Goldmine

      January 31, 2021
      0
    • Making music is my ministry, obedience to call of God - Chineze ...

      January 31, 2021
      0
    • Samuel Animashaun Perry: Arrival of Broda Shaggi

      January 24, 2021
      0
    • Features
    • Magazine
    • Profiles
  • Allure TV
  • Celebration
    • Fashion & Style
    • Weddings
    • Lifestyle
    • Events
  • Wellbeing
    • Allure Woman
    • Healthy Living
    • Beauty
  • Happiness
    • Food
    • Shopping
    • Travel
    • Relationships
    • Career
  • News
    • When I tested positive for COVID-19, my household ran from me - ...

      March 5, 2021
      0
    • Northern Food Traders plan to lift the embargo on food supplies to ...

      March 3, 2021
      0
    • My Wife Wasn’t My Classmate, We Met On Flight – Actor Spiff ...

      March 2, 2021
      0
    • Nigeria Begins registration for COVID-19 Vaccine

      March 2, 2021
      0
    • BBNaija’s Dorathy, Patience Ozokwor Star In Mr Macaroni’s Skit

      March 1, 2021
      0
    • Herbert And Hana Launches Luxury Brand, Features Classic Pieces That Transcends Time

      February 28, 2021
      0
    • How I lost My Mum At 5 - Nancy Isime

      February 24, 2021
      0
    • Ekiti gov pays condolence visit widow of Flt Sgt Olawunmi

      February 23, 2021
      0
    • ebuka

      ‘9 months after lockdown, now babies everywhere, time well spent’ – Ebuka ...

      February 22, 2021
      0
  • Bezos’ Ex-wife Marries Teacher, MacKenzie Scott

  • ‘Tems yansh’ Post: Simi Tackles Samklef On Twitter

  • Serena Williams expresses support for Meghan Markle

  • Daddy Freeze responds to court judgment on N5M adultery fine (Video)

  • Chef Fregz eulogises his wife, Lala as she clocks 34

News
Home›News›The north accounts for 87% of poor people in Nigeria- World Bank

The north accounts for 87% of poor people in Nigeria- World Bank

February 11,2020
Share:

World Bank has estimated that the north accounts for 87% of all the poor people in Nigeria.

The report by the Bretton Wood institution titled ‘Advancing social protection in a dynamic Nigeria’ says that;

‘the South-South region of the country recorded the most significant drop in poverty between 2011 and 2016.’

The report reads ;

Poverty in the northern regions of the country has been increasing especially in the north-west zone.

Almost half of all poor lived in the north-west and the north accounts for 87 percent of all poor in the country in 2016.

“Poverty rates in the southern zones were around 12 percent with little variation across zones.

The south-south zone saw the most significant drop in poverty from 2011-2016.

Poverty was significantly higher in rural areas of the country in 2016.

“An estimated 64 percent of all poor lived in rural areas and 52 percent of the rural population lived below the poverty line in 2016.

In contrast, the poverty rate in urban areas remained stable at 16 percent between 2011 and 2016.”

World Bank believes that Nigeria has faired astonishingly poorly in poverty and human capital – related outcomes.

World Bank added that ;

“Despite being a middle-income economy, Nigeria fares astonishingly poorly in poverty and human capital-related outcomes.

“The number of people living in extreme poverty has gone up from 2011 to 2016, and many more are vulnerable to falling into poverty, especially in the northern regions of the country.

“Instead, successive governments have aimed to provide benefits to the population in the form of lower fuel prices, which can directly affect welfare through savings in the purchase of fuel, as well as bring indirect benefits through lower costs of transportation,” 

“However, while this is certainly a very valid objective, the regressive nature demands that subsidies be better targeted.

60 International experience shows that fuel subsidies not only constitute a significant drain on fiscal resources of the three tiers of government but are also inherently regressive, allowing larger and richer consumers to capture most of the benefits. 

 

 

TagsNigeriapovertyWorld Bank
Previous Article

Valentine’s Day Gifts For The Woman In ...

Next Article

Valentine Day Dinner Date Looks

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Entertainment

    Actress Omotola Jalade raises concern over Nigeria’s economy, compared to Ghana

    November 27, 2018
    By RITA
  • EntertainmentNews

    Actress Faithia Williams Denounces Fraud Glorification

    June 22, 2020
    By Oluwamuyiwa Oyedele
  • EntertainmentNews

    Actor, Yomi Fabiyi writes open letter to VP

    June 1, 2019
    By allure1
  • EntertainmentNews

    ‘Kanye West is a Global Christian Ambassador’- Nigerian Pastor Declares

    November 11, 2019
    By Oluwamuyiwa Oyedele
  • Allure MagazineNews

    Nigerian lawyer, Olufunke Akindolie conferred with MBE award

    December 9, 2017
    By allure1
  • Allure MagazineNews

    Nigerian man, Abubakar Duduwale wants to trek from Nigeria to UK

    November 22, 2016
    By allure1
0

  • EventsFeatures

    #SocialMediaWeekLagos2019GrandFinale; Attendees share experiences

  • Here's how to make this delicious Plantain and Egg Fritata
    FoodHappiness

    Here’s how to make this delicious Plantain and Egg Fritata

  • Allure MagazineNews

    ”My sadddest moment was the when people wrote unprintable things about me because of my baby mamas”-Tubaba


  • 5331
    Followers
  • 12744
    Likes

Timeline

  • March 8, 2021

    Bezos’ Ex-wife Marries Teacher, MacKenzie Scott

  • March 8, 2021

    ‘Tems yansh’ Post: Simi Tackles Samklef On Twitter

  • March 8, 2021

    Serena Williams expresses support for Meghan Markle

  • March 8, 2021

    Daddy Freeze responds to court judgment on N5M adultery fine (Video)

  • March 8, 2021

    Chef Fregz eulogises his wife, Lala as she clocks 34

Categories

Subscribe to our Newsletter

Sign up to receive email updates and to hear what's going on with our magazine!

  • Recent

  • Popular

  • Comments

  • Bezos’ Ex-wife Marries Teacher, MacKenzie Scott

    By Oluwamuyiwa Oyedele
    March 8, 2021
  • ‘Tems yansh’ Post: Simi Tackles Samklef On Twitter

    By Oluwamuyiwa Oyedele
    March 8, 2021
  • Serena Williams expresses support for Meghan Markle

    By Temitope
    March 8, 2021
  • Daddy Freeze responds to court judgment on N5M adultery fine (Video)

    By Dami
    March 8, 2021
  • Chioma Jesus, Sammie Okposo, Midnight Crew set for #THUGGLA2018

    By RITA
    April 24, 2018
  • American rapper, Kendrick Lamar wins Pulitzer prize for 2017 ‘Damn’ album

    By RITA
    April 17, 2018
  • Afrobeat singer, Seun Kuti drops new album titled ‘Black Times’ 

    By RITA
    April 23, 2018
  • Actor, Yul Edochie declares intention to run for presidency

    By RITA
    April 23, 2018

Entertainment

  • March 8, 2021

    Daddy Freeze responds to court judgment on N5M adultery fine (Video)

  • March 8, 2021

    May D sustains burns as fire guts his house

  • March 6, 2021

    Court orders OAP Daddy Freeze to pay N5m in damages for committing adultery

  • March 6, 2021

    See Davido’s reaction after watching himself perform in “Coming 2 America”

  • March 5, 2021

    Mercy Eke, Kim Oprah, Juliet Ibrahim and other Celebrities at the premiere of ‘Coming 2 America’

Follow us