An analysis of Nigeria’s Multidimensional poverty index by ActionAid Nigeria has revealed that about 65 percent of poor people, that is 86 million people live in the northern part of the country, while 36 percent, nearly 47 million people live in the South.
The analysis indicated the poorest states in the country to include Sokoto, Bayelsa, Jigawa, Kebbi, Gombe, and Yobe, but cannot determine which of these states is the poorest.
The organisation disclosed this at the launch of its report on Austerity Measure, poverty and Gender Inequality in Nigeria in Abuja, saying Nigeria’s Multidimensional Poverty Index (MPI) for 2022 found that 63% of the population, amounting to approximately 133mn Nigerians, are multidimensionally poor.
Analysing the report, the Country Director of ActionAid Andrew Mamedu noted that Poverty and inequality do not just happen; they result from economic, social, and political decisions made by the state and citizens.
He said “The critical policy decisions reflected in the key macroeconomic indicators show the rate and trend of poverty and inequality. Extant Nigerian negative indicators on gross domestic product (GDP) growth, inflation, interest rate, unemployment, debts, and deficits, among others, can only lead to one direction, increased poverty.”
Mamedu further stated that the underlying cause of the current spate of poverty is rooted in the heavy burden of austerity measures, imposed as part of broader macroeconomic policies.
He disclosed that based on their research, from 2010 to 2020, Nigeria’s debt stock ballooned by over 300%, reaching a staggering ₦31 trillion by the end of 2020 , and as of March 31st, 2024, debt stock stands at USD 91,463.99, an equivalent of N121, 670.49. trillion consuming 74% of government revenue and leaving little for vital sectors such as education, healthcare, and social protection.
He pointed out that keeping large numbers of people excluded from access to economic resources, employment, healthcare, adequate food, clean water and sanitation, education, skills, and technology, will result in a reduction of future productive human potential.
He stressed that well-designed and sustained investments in areas such as maternal and child health, education, and social protection would yield significant dividends for society.
“Conversely, no society can expect to achieve sustained economic and social progress while significant numbers of its population often disproportionately women and girls – are poorly nourished, in poor health, and lack the education and/or skills needed for their own and their families’ development,” he stated
The Minister of Budget and National Planning Atiku Bagudu who was represented by the Director of Microeconomic Philip Okwonkwo wondered if poverty and inequality could be tackled at the same time.
He maintained that the issue of poverty is a global phenomenon as it is not unique to Nigeria and Africa alone and harped on the need for stakeholders to collaborate to empower the poor people in society.
