According to the BBC, poverty Nigeria (used $1 a day threshold) has risen by 6.2 percentage points in the past 8 years.
The NBS admitted there was a paradox at the heart of Nigeria, as the economy was going from strength to strength, mainly because of oil production, yet Nigerians were getting poorer.
What isn’t clear yet (I’ve yet to see the report – would be helpful if someone else wants to comment) is whether or not the NBS’s analysis has any caveats which could be driving this story (differences in sampling, definitions of poverty) etc. I’m also assuming the data was constructed prior to the very recent price hike.
These concerns aside, good god – Nigeria’s been growing at around 6% a year for the past few years and is rich enough to be considered lower-middle income. I think I just felt a disturbance in the force, one shaped like Andy Sumner.