In a 2022 article, Bloomberg estimated that nearly two-thirds of Nigeria’s 200 million people now live on less than $2 a day, quoting data from the National Bureau of Statistics.
This data suggests that almost 133 million Nigerians, or 63% of Nigeria’s 200 million population, are “multi-dimensionally poor”. In the past few years, the level of poverty and economic hardship in the country has more than doubled.
Across the country, the majority of Nigeria’s population suffers simultaneously from multiple economic challenges, including a lack of access to clean energy, housing, health care, water and sanitation. This has pushed many Nigerians to devise creative ways of providing for those needs and reducing the burden of living expenses.