Africa is considered the poorest continent in the world, but while poverty in Africa has generally declined, the number of poor has continued to increase, according to the World Bank.
As of today, one in three Africans, that is 422 million people, live below the global poverty line, representing more than 70 per cent of the world’s poorest people.
Although more Africans have begun escaping extreme poverty than are falling (or being born) below the poverty line, for the first time since the start of the Sustainable Development Goals (SDGs), as of March 2019, the pace of this net poverty reduction is currently very small with only 367 people per day.
In Nigeria, over 90 million people are considered extremely poor, according to the World Poverty Clock, which makes up 46.5 per cent of the country’s population, which means that about half of the country’s population live on less than a US dollar (N360) a day.
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