India overtakes nigeria

India has surpassed Nigeria as the nation with the highest number of extremely poor people. The World Poverty Clock (WPC) said this in its recent update, considering the COVID-19 pandemic Author: March 9, 2022 7:44 PM India has surpassed Nigeria as the nation with the highest number of extremely poor people. The World Poverty Clock (WPC) said this in its recent update, considering the COVID-19 pandemic economic effect. The World Poverty Clock is an online tool that monitors the progress against poverty globally and regionally and provides real-time poverty data across countries. According to its data, extremely poor people are those living on N800 per day (less than $2 per day). Read more: TheCable » Failed to load news. That's still only 6% of India's population and 33% of Nigeria. India is a regional military superpower and one of the largest economies. Comparing it with Nigeria is foolish. Wow Modi Ji, we all were expecting India to surpass other Nations in terms of SPI/GDP but it's astounding to see India surpassing in terms of Population n Poverty !! shouldn't be a surprise to see an other addition of P - Privatisation !! That’s exactly the goal! Drag a developing nation back to dark ages of hindu superstition and social evil practices. This is just the beginning, soon child marriages and sati will be reinstated, female infanticide decriminalised and Lower castes thrown out of schools! 29th and 30th position. Interchanging. its absolutely lies. You sure say this news ...

India has overtaken the Netherlands as Nigeria’s major export trading partner in the second quarter of 2018, according to the National Bureau of Statistics (NBS). The NBS had ranked the Netherlands as the country’s leading export trading partner in Q1 2018, having recorded N963.5 billion in value of exported commodities. But the latest Foreign Trade Statistics by the bureau showed that 16.19 percent of the Nigeria’s Q2 2018 export trade worth N722.6 billion was moved to India against N457.6 billion worth of commodities exported to the Netherlands in the review quarter. It said other major export destinations of the country include Spain, South Africa and United States with value of commodities at N426.1 billion or 9.6 percent, N359.8 billion or 8.1 percent and N306.5 billion or 6.9 percent respectively. “In the reviewing quarter, mineral products accounted for N4,275.3 billion or 95.8% of the total export from Nigeria. This category of export was dominated by Crude Oil exports which contributed N3,728.4 billion or 83.5% of total exports,” it added. Read also: Chinese firm to begin construction of Mambilla project early 2019 According to the statistics bureau, the total value of Nigeria’s merchandise trade dropped from N7.21 trillion in Q1, 2018 to N6.57 trillion in the second quarter of 2018. It said the contraction of total trade in the reviewing quarter was mainly driven by the decline in both imports and exports. “The trade balance in Q2, 2018 was a surplus of N2,356.60...

• New data from the World Poverty Clock revealed that India has surpassed Nigeria as the nation with the highest number of extremely poor people. • According to the new data, India now has 83 million people living below the U.N. estimated poverty line in 2022. • For Nigeria, over 70 million people currently live in extreme poverty, representing 33 per cent of the country’s population. In 2018, Nigeria surpassed India as the world's poverty capital, with around 87 million people living in extreme poverty, compared with India’s 73 million. However, according to the WPC, the latest statistics of Nigerians living in extreme poverty was pegged at (70,677, 758) representing 33 per cent of the population. The real-time poverty data tool showed that 53 per cent of the Nigerians currently living below the U.N. estimated poverty line are residents in the rural areas. Furthermore, the statistics also showed that males were slightly more affected by extreme poverty in Nigeria than their female counterparts, with the figure standing at around 35 million for males and 34 million for females. In Africa, Nigeria leads the pack as the country with the highest people living below the poverty line followed by the Democratic Republic of Congo which has an estimated 67 million poor citizens. In third place is Madagascar with over 21 million poor citizens, followed by Angola with around 18 million poor citizens. Thanks for signing up for our daily insight on the African economy. We bring you da...

According to the new data, about 83 million Indians have been plunged into extreme poverty in 2022, representing six per cent of the country’s population which stands at 1.3 billion. For Nigeria, WPC said 70 million people are living in extreme poverty, representing 33 per cent of Nigeria’s over 200 million people. In 2020, the National Bureau of Statistics, NBS, said more than 80 million Nigerians live in extreme poverty (on a dollar per day).

PAUL OHIA ABUJA: India has overtaken the US to become The moving of the US to the second position is seen as a major development for Nigerian and Indian trade relations, given that the US had remained the country's largest export market since 1964. In a broader context, the NBS data also reveals that during the quarter, India-Nigeria bilateral trade reached USD 5.15 billion in the first quarter or within 0.5 per cent of the US which, for the moment, retains the top-spot. NBS put the total value of Nigeria's exports in the first quarter of 2012 at about USD 30 billion, showing that exports to India reached USD 4.2 billion, compared to USD 3.7 billion credited to the US in the period under review. Nigeria's export to India is mostly crude oil and cashew nuts while India exports pharmaceutical goods, machinery, electronics and rice. The US was trailed by the Netherlands with USD 2.9 billion, followed by Spain with USD 2.4 billion and Brazil which recorded USD 2 billion. High Commissioner to Nigeria Mahesh Sachdev said it is indicative of a trend of consistent robust growth. "If this growth persists, India can be expected to emerge as Nigeria's largest trading partner in the next quarter. Interestingly, Nigeria was India's 14th largest trading partner last year." he added. Sachdev said an important take-away from this data-set is the trade deficit of USD 3.7 billion that India had with Nigeria. "This figure is obviously too high to be sustainable. Consequently, both sides need...

The last 30 years have seen dramatic reductions in global poverty, spurred by strong catch-up growth in developing countries, especially in Asia. By 2015, some 729 million people, 10% of the population, lived under the $1.90 a day poverty line, greatly exceeding the Millennium Development Goal target of halving poverty. From 2012 to 2013, at the peak of global poverty reduction, the global poverty headcount fell by 130 million poor people. Meagan Dooley Former Senior Research Analyst - This success story was dominated by China and India. In December 2020, China declared it had In other parts of the world, poverty trends are disappointing. In Latin America, poverty fell rapidly at the beginning of this century but has been rising since 2015, with no substantial reductions forecast by the end of this decade. In Africa, poverty has been rising steadily, thanks to rapid population growth and stagnant economic growth. Exacerbated by a pandemic-induced rise in poverty of 11%, African poverty shows little signs of decline through 2030. Jasmin Baier and Kristofer Hamel Wednesday, October 17, 2018 These trends point to the emergence of a very different poverty landscape. Whereas in 1990, poverty was concentrated in low-income, Asian countries, today’s (and tomorrow’s) poverty is largely found in sub-Saharan Africa and fragile and conflict-affected states. By 2030, sub-Saharan African countries will account for 9 of the top 10 countries by poverty headcount. Sixty percent of the glo...

India has surpassed Nigeria as the nation with the highest number of extremely poor people. The World Poverty Clock (WPC) said this in its recent update, considering the COVID-19 pandemic economic effect. The World Poverty Clock is an online tool that monitors the progress against poverty globally and regionally and provides real-time poverty data across countries. According to its data, extremely poor people are those living on N800 per day (less than $2 per day). In 2018, Nigeria held the position with about 87 million people in extreme poverty, compared with India’s 73 million. According to the new data, about 83 million Indians have been plunged into extreme poverty in 2022, representing 6 percent of the country’s population which stands at 1.3 billion. For Nigeria, WPC said 70 million people are living in extreme poverty, representing 33 percent of Nigeria’s over 200 million people. In 2020, the National Bureau Of Statistics (NBS) said more than 80 million Nigerians live in extreme poverty (on a dollar per day).