by Staff writer
Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, according to a new report by the World Poverty Clock.
Nigeria has a population of 198 million with 87 million people living in extreme poverty.
India has a population of 1.3 billion with 73 million living in extreme poverty.
According to World Bank, extreme poverty is defined by the as earning less than a $1.25 a day, as measured in 2005 international prices.
The World Bank estimates that 1.44 billion people live in extreme poverty around the world.
That means more than 6% of the world’s extreme poor currently live in Nigeria.
