According to the World Poverty Clock created by Vienna-based World Data Laboratory, over 91 million Nigerians are now living below one United States dollar a day as of February 13, 2019.
The report indicates that least three million Nigerians have slipped into extreme poverty between November 2018 and February 2019.
In June 2018, the Brookings Institution projected that Nigeria had overtaken India as the poverty capital of the world, with 86.9 million extremely poor people.
According to the Brookings Institution, the number of Nigerians living in extreme poverty has grown to 91.16 million, with six people falling into poverty every minute.
The development further confirmed by the British Prime Minister, Theresa May, when she said Nigeria had become home to the largest number of very poor people in the world. She put the figures at 87 million.
“Much of Nigeria is thriving, with many individuals enjoying the fruits of a resurgent economy, yet 87 million Nigerians live below $1 and 90 cents a day, making it home to more very poor people than any other nation in the world,” May had said.
Presently, India has 48.7 million people living in poverty from the 73 million recorded in June 2018. By implication, India has pulled out a minimum of 24 million people from poverty in less than eight months.