The World Bank has revealed that 87% of poor Nigerians live in the northern part of West Africa’s most populous country, Concise News reports.
According to a report released on January 28, 202o by the Bretton Wood institution titled, ‘Advancing social protection in a dynamic Nigeria’, it added that the south-south region recorded the most significant drop in poverty between 2011 and 2016.
According to the World Bank, poverty in the northern region of the country has been increasing especially in the north-west zone.
“Poverty in the northern regions of the country has been increasing especially in the north-west zone. Almost half of all poor lived in the north-west and the north accounts for 87 percent of all poor in the country in 2016.
“Poverty rates in the southern zones were around 12 percent with little variation across zones. The south-south zone saw the most significant drop in poverty from 2011-2016. Poverty was significantly higher in rural areas of the country in 2016.
“An estimated 64 percent of all poor lived in rural areas and 52 percent of the rural population lived below the poverty line in 2016. In contrast, the poverty rate in urban areas remained stable at 16 percent between 2011 and 2016.”
Comparing Nigeria to the rest of the West African region, the World Bank said poverty reduction has been less responsive to economic growth.