How does extreme monetary poverty compare to multidimensional poverty? in Nigeria
Nigeria: How does extreme monetary poverty compare to multidimensional poverty? was 41.8% in 2022. ▼ Falling
How does extreme monetary poverty compare to multidimensional poverty? 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 how does extreme monetary poverty compare to multidimensional poverty? in Nigeria is 41.8%, measured in 2022.
Compared with earlier readings it is up 11.7% over ten years.
Over the whole period, how does extreme monetary poverty compare to multidimensional poverty? 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%.
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)
- 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)
- Tax revenue as share of GDP vs. income inequality 7.2% (2007)
- Gender Inequality Index 0.677 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 10.6% (2023)
- Lifespan inequality: Gini coefficient in women 0.2807 (2023)
- Lifespan inequality: Gini coefficient by sex 0.2807 (2023)
- Lifespan inequality: Gini coefficient in men 0.2825 (2023)
- Income inequality: Atkinson index 0.1863 (2023)
Frequently asked questions
- What is how does extreme monetary poverty compare to multidimensional poverty? in Nigeria?
- How does extreme monetary poverty compare to multidimensional poverty? 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 how does extreme monetary poverty compare to multidimensional poverty? recorded in Nigeria?
- The highest recorded value was 60.9% in 1996.
- What is the lowest how does extreme monetary poverty compare to multidimensional poverty? recorded in Nigeria?
- The lowest recorded value was 34.2% in 2018.
- How does Nigeria rank for how does extreme monetary poverty compare to multidimensional poverty??
- Nigeria ranks 11th out of 120 countries with data for 2022.
- Is how does extreme monetary poverty compare to multidimensional poverty? 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 How does extreme monetary poverty compare to multidimensional poverty?. 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.