<\/p>\n
A new report has shed light on the economic vulnerability of Nigerian households, showing significant disparities in poverty risk across the country\u2019s six geopolitical zones. The data, compiled by the Global Multidimensional Poverty Index (GMPI) in collaboration with the Oxford Poverty and Human Development Initiative (OPHI) and published by Statisense, highlights the percentage of households in each region that are considered vulnerable to poverty in 2023.<\/p>\n
According to the report, the North Central zone<\/strong> tops the list with 22.58%<\/strong> of households identified as being at risk of falling below the poverty line. This is closely followed by the North East<\/strong>, where 21.47%<\/strong> of households are vulnerable, reflecting the ongoing socio-economic challenges and insecurity that have plagued the region.<\/p>\n In the South South<\/strong>, often regarded as Nigeria\u2019s oil-rich zone, 19.44%<\/strong> of households remain vulnerable to poverty. Despite the region\u2019s resource wealth, many communities continue to struggle with underdevelopment and economic instability.<\/p>\n The South West<\/strong>, home to some of Nigeria\u2019s largest urban economies including Lagos, showed a vulnerability rate of 17.18%<\/strong>, while the North West<\/strong> recorded 13.61%<\/strong>, indicating relatively lower levels of economic fragility compared to the northern and southern counterparts.<\/p>\n Surprisingly, the South East<\/strong> had the lowest poverty vulnerability rate<\/strong> at 11.47%<\/strong>, suggesting a more resilient household economic structure in the region, possibly attributed to widespread entrepreneurship and remittances from the diaspora.<\/p>\n The findings have prompted renewed calls from economists and development experts for region-specific economic policies<\/strong> that address the unique challenges of each zone. Analysts warn that failure to tailor social protection programs and job creation strategies to local realities could deepen existing inequalities.<\/p>\n Speaking on the data, a development economist noted, \u201cThese figures reflect not just income disparities but multidimensional poverty \u2014 including lack of access to education, healthcare, and proper living standards. The North Central and North East in particular need urgent, focused interventions.\u201d<\/em><\/p>\n The federal and state governments are being urged to review their poverty alleviation strategies and increase investments in infrastructure, education, and health \u2014 especially in high-risk zones. With Nigeria battling rising inflation and a growing youth population, the stakes are high for sustainable economic recovery and inclusive growth.<\/p>\n As 2024 approaches, stakeholders believe these poverty indicators should serve as a guiding compass for policy formulation, resource allocation, and donor support, ensuring no region is left behind in Nigeria\u2019s fight against poverty.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" A new report has shed light on the economic vulnerability of Nigerian households, showing significant disparities in poverty risk across the country\u2019s six geopolitical zones. The data, compiled by the Global Multidimensional Poverty Index (GMPI) in collaboration with the Oxford Poverty and Human Development Initiative (OPHI) and published by Statisense, highlights the percentage of […]<\/p>\n","protected":false},"author":1,"featured_media":27921,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,346,366],"tags":[],"class_list":["post-27918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-culture","category-economy"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/27918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/comments?post=27918"}],"version-history":[{"count":2,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/27918\/revisions"}],"predecessor-version":[{"id":27924,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/27918\/revisions\/27924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/27921"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=27918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=27918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=27918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Experts Call for Regional Economic Policies<\/h3>\n
Federal and State Government Interventions Needed<\/h3>\n