Abstract

The biggest issue confronting Nigeria today is extreme poverty. Currently according to a new report by the World Poverty Clock shows Nigeria has overtaken India as the nation with the most extreme poor people in the world. India has a population seven times larger than Nigeria’s. The struggle to lift more citizens out of extreme poverty is an indictment on successive Nigerian governments which have mismanaged the nation’s vast oil riches through incompetence and corruption. At the end of May 2018, our trajectories suggest that Nigeria had 86.9 million people in extreme poverty almost 50 percent of the nation’s estimated 195 million population, thought to be living on less than $1.90 a day, compared with India’s 73 million.