Nigeria income distribution statistics. What you see in this map is just the tip of the iceberg. In addition, we have data at the income bracket and age cohort level, which we refer to as consumer classes, available dating back to 2000. dollars compared to the previous year. worldbank. This translates to over 82. 25% in the third quarter of 2022 and 3. The value for Income share held by second 20% in Nigeria was 11. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. The growth of National Disposable Income became positive since Q4 of 2021, showing a better performance in Q3 & Q4 of 2022 relative to Q3 and Q4 of Lagos - Percentage Distribution of Household Livelihood Based on Income, Fairly rich Lagos - Percentage Distribution of Household Livelihood Based on Income, Rich Lagos - Percentage Distribution of Households that think Reduction of Poverty is Priority of Government, Yes Nigeria Table of Contents. 08% and 4. In other words, on average 4 out of 10 individuals in Nigeria has real per capita expenditures below 137,430 Naira per year. COVID-19 has increased inequality worldwide, as the poorest were The National Bureau of Statistics (NBS) recently released the “2019 Poverty and Inequality in Nigeria” report, which highlights that 40 percent of the total population, or almost 83 million people, live below the country’s poverty line of 137,430 naira ($381. In Nigeria 40. Growth howeve We would like to show you a description here but the site won’t allow us. 75) per year. This marks the lowest national gross income during the observed period. In contrast, WID. Nigeria can close the inequality gap. It reviews the spending, tax and labour policies and actions of 161 governments during 2020–2022. Nigeria - Income Distribution. World Bank, Poverty and Inequality Platform. 1% and 21. Jun 4, 2025 · The national gross income per capita in Nigeria decreased to 1,880 U. Poverty and Inequality in Nigeria 2019 : Executive Summary. 60 in 2018 and a minimum value of 7. Data for high-income economies are mostly from the Luxembourg Income Study database. For those planning to invest or expand in Nigeria, our Nigeria LGA income data is invaluable. More about the Economy of Nigeria. . 52% (year-on-year) in real terms in the fourth quarter of 2022, following a growth of 2. 46% and 2. Wealth inequality or wealth gap measures wealth distribution in a country. Nigeria is not a poor country yet millions are living in hunger. 5% of Nigeria’s youth were without a job. In 2016, between 12. The government must work with the international community to get food and aid to hungry people now. But it can’t stop there. 9 million Nigerians who are considered poor by national standards. The reason for the improvement in wealth distribution under the civilian rule is attributed to more politicians, their aides, and civil servants coming under the payroll of the government. National Disposable Income grew by 1. 60 as of 2018. Furthermore, we make projections from 2024 and onward. Nigeria Income Distribution. For more information and methodology, please see pip. May 27, 2025 · In contrast, WID. 98% in the fourth quarter of 2021. org. In the third quarter of 2021, Nigeria real GDP at basic prices grew by 4. 76% in Q3 and Q4 of 2021 respectively on a year-on-year basis in real terms. It is the difference between the richest Dec 28, 2019 · Nigeria - Income distribution Income share held by second 20%. Aug 25, 2022 · With this score, Nigeria is 11th in West Africa and 100th out of 163 countries globally. The reliability of Nigeria's national income statistics was limited by meager industry-wide information (especially for domestically consumed commodities), the questionable validity of data, and quantification based on subjective judgments by state officials. Income distribution. S. This allows us to release inequality estimates that are more reliable – from the bottom to the top of the distribution of income and wealth – and also that span over much longer periods. Mar 21, 2023 · Nigeria’s income inequality is 1 to 14 for the top 10% to the bottom 50% of the population and 1 to 37 for the top 1% to the bottom 50%. Nigeria has an income inequality of 1 to 14 for the top 10% to the bottom 50% of the population and 1 to 37 for the top 1% to the bottom 50%. world combines national accounts and survey data with fiscal data sources. We would like to show you a description here but the site won’t allow us. As the graph below shows, over the past 33 years this indicator reached a maximum value of 11. 03% on a year-on-year basis showing a steady improvement from the economic downturn in 2020. Nigeria’s Gross Domestic Product (GDP) grew by 3. 70 in 1996. The 2022 Commitment to Reducing Inequality (CRI) Index is the first detailed analysis published looking at governments’ policies and actions to fight inequality during the first two years of the pandemic. 98% in Q3 and Q4 of 2022 respectively, but recorded growth of -1. 1 percent of total population were classified as poor. acrta lqxd ndn tgrtlg wbbrrl zks ecoi apywiu rgqkaan zflaf