Tag: Poverty
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17.9m Nigerians Fall Into Poverty As Country Records World’s Biggest Increase – Report
By Opeyemi Adelakun Nigeria recorded the world’s largest increase in the number of people living in multidimensional poverty, with 17.9 million more citizens affected between 2021 and 2024, according to the 2026 Global Multidimensional Poverty Index. The report, published on Monday by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development…
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Opinion: Nigeria Doesn’t Have Cheap Fuel — We Have Expensive Poverty
By George Omagbemi The argument that Nigerians enjoy “cheap” petrol because pump prices are below the global average misses the most important question: affordable for whom? Fuel prices cannot be judged by pump prices alone. They must also be measured against income and purchasing power. Nigeria’s statutory minimum wage remains ₦70,000 monthly, although implementation varies…