Extreme monetary poverty and multidimensional poverty over time in Nigeria
Nigeria: Extreme monetary poverty and multidimensional poverty over time was 41.8% in 2022. ▼ Falling
Extreme monetary poverty and multidimensional poverty over time in Nigeria, 1985–2022
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for extreme monetary poverty and multidimensional poverty over time in Nigeria is 41.8%, measured in 2022.
Compared with earlier readings it is up 11.7% over ten years.
Over the whole period, extreme monetary poverty and multidimensional poverty over time in Nigeria peaked at 60.9% in 1996 and was at its lowest, 34.2%, in 2018.
That places Nigeria 11th out of 120 countries with data for 2022, putting it in the top 10%.
Extreme monetary poverty and multidimensional poverty over time in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1985 | 51.1% | — |
| 1992 | 55.2% | +8.0% |
| 1996 | 60.9% | +10.4% |
| 2003 | 51.1% | -16.1% |
| 2010 | 38.5% | -24.7% |
| 2012 | 37.4% | -2.7% |
| 2015 | 35.8% | -4.5% |
| 2018 | 34.2% | -4.4% |
| 2022 | 41.8% | +22.3% |
Nigeria compared with similar countries
- Nigeria's 41.8% is above the median for lower middle income countries, which is 9.7%, 4.3× the median. (29 countries reporting)
- Nigeria's 41.8% is above the median for Sub-Saharan Africa, which is 38.8%, 1.1× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 51.1% | 51.1% | 51.1% | 1 |
| 1990s | 58.0% | 55.2% | 60.9% | 2 |
| 2000s | 51.1% | 51.1% | 51.1% | 1 |
| 2010s | 36.5% | 34.2% | 38.5% | 4 |
| 2020s | 41.8% | 41.8% | 41.8% | 1 |
Countries ranked near Nigeria
More poverty & inequality data for Nigeria
- Number of income/consumption surveys in the past decade available via the World Bank 2 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 4.48 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 1,558 kg per hectare (2024)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2024)
- Cereal yield vs extreme poverty, annual growth rate 0.607 % change on previous year (2024)
- Tax revenues vs income inequality, gaps filled 7.17 (2007)
- Tax revenue as share of GDP vs. income inequality 7.2% (2007)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2007)
Frequently asked questions
- What is extreme monetary poverty and multidimensional poverty over time in Nigeria?
- Extreme monetary poverty and multidimensional poverty over time in Nigeria was 41.8% in 2022, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest extreme monetary poverty and multidimensional poverty over time recorded in Nigeria?
- The highest recorded value was 60.9% in 1996.
- What is the lowest extreme monetary poverty and multidimensional poverty over time recorded in Nigeria?
- The lowest recorded value was 34.2% in 2018.
- How does Nigeria rank for extreme monetary poverty and multidimensional poverty over time?
- Nigeria ranks 11th out of 120 countries with data for 2022.
- Is extreme monetary poverty and multidimensional poverty over time rising or falling in Nigeria?
- Over the last ten years it is up 11.7%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Extreme monetary poverty and multidimensional poverty over time. Statizoid updates them automatically from the source API.
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About this data
Percentage of population living in households with an income or consumption below $3 per day.