NBS Begins Survey to Measure Poverty Rate

  • NBS Begins Survey to Measure Poverty Rate

The National Bureau of Statistics will from next Thursday commence the National Living Standard Survey, which among other indices, will show the level of poverty among Nigerians.

The Statistician-General of the Federation, Dr Yemi Kale, said this on Thursday at a one-day stakeholders’ sensitisation workshop in Keffi, Nasarawa State.

The last time the poverty survey was conducted was in 2010 when it was revealed that 112.51 million Nigerians were living in relative poverty conditions.

Relative poverty is defined by comparing the living standards of people living in a given society within a specified period of time.

Kale said the 2018 survey was aimed at measuring the level of poverty and welfare at both the national and sub-national levels of government.

The NBS boss explained that the outcome of the survey would help guide the government in coming up with adequate policies that would be used to address the level of poverty in the country.

He said the survey, to be done over a one-year period, would cover about 22,000 households across the country.

Kale stated that the survey was not being done in response to the recent report by the Brookings Institution, which indicated that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million.

He also explained that the survey had no political undertone as widely being speculated.

Kale said, “Among the plethora of socio-economic variables and indicators it provides, it is from this exercise that we derive statistically sound indicators for measuring poverty and inequality in Nigeria. It also serves as a major source of data for the 2030 Sustainable Development Agenda for tracking Nigeria’s attainment, or otherwise, of the Sustainable Development Goals.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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