Poverty in Nigeria has reached critical levels, recent data shows. About 31% of Nigerians lived in poverty prior to the COVID-19 epidemic. Since then, an additional 42 million have become poor, increasing the poverty rate to about 46% in 2024.
Over 133 million people are living in multidimensional poverty, despite government efforts to reduce hardship.
Multidimensional poverty means being deprived of wellbeing in several ways. It goes beyond income.
