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India overtakes Nigeria as world’s poverty capital

Children from extremely poor background

India has upstaged Nigeria as the nation with the highest number of extremely poor people, latest data from the World Poverty Clock (WPC), has shown.

WPC defines extremely poor people as those living on less than $2 per day, and its recent update, considering the COVID-19 pandemic economic effect.

The World Poverty Clock is an online tool that monitors the progress against poverty globally and regionally and provides real-time poverty data across countries.

In 2018, Nigeria held the position with about 87 million people in extreme poverty, compared with India’s 73 million.

According to the new data, about 83 million Indians were plunged into extreme poverty in 2022, representing 6% of the country’s population which stands at 1.3 billion.

For Nigeria, WPC said 70 million people are living in extreme poverty, representing 33% of Nigeria’s over 200 million people.

In 2020, the National Bureau of Statistics (NBS), said more than 80 million Nigerians live in extreme poverty (on a dollar per day).

For Nigeria, 70 million people are living in extreme poverty, representing 33% of Nigeria’s over 200 million people.

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