About 70 percent of Nigeria’s 150 million people live below the poverty line, the Daily Trust reported, citing Lamido Sanusi, governor of the Central Bank of Nigeria. The figure rose from 54 percent previously.
"There is little reason to believe that this wider diversion can be narrowed without much intensive effort." he said.It is estimated that 12 million out of the 150 million Nigerians are unemployed. 49.9 percent of youth within the age of 15 and 24 years residing in the urban areas have no job while 39.6 percent of their counterparts in rural areas are also not employed. Figures from the National Bureau of Statistics put the number of unemployed women in the urban areas at 22 per cent and those in the rural areas at 24 per cent.