According to a new report released by the World Poverty Clock, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018.
The World Poverty Clock tracks poverty estimates in about 99.7 percent of the countries in the world, using data obtained from the International Monetary Fund, World Bank, United Nations, and the governments of these countries. Using this data, it estimates the rate at which poverty is being reduced globally, and also how many more people are becoming extremely poor in these countries.
The report states that extreme poverty in Nigeria is growing by six people every minute, the highest number in the world.
The report pointed out that at the end of May (2018), Nigeria had an estimated 87 million people in extreme poverty, compared to India’s 73 million.
The report further stated that in Africa, D.R Congo may soon overtake India as number two, while Africa may be home to additional 3.2 million people living in extreme poverty by the end of 2018.