Total shortfall from extreme poverty in Nigeria
Nigeria: Total shortfall from extreme poverty was 32.19 billion international-$ in 2021 prices in 2022. ▬ Flat
Total shortfall from extreme poverty in Nigeria, 1985–2022
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2022, total shortfall from extreme poverty in Nigeria stood at 32.19 billion international-$ in 2021 prices.
The figure is up 44.3% over ten years.
Over the whole period, total shortfall from extreme poverty in Nigeria peaked at 37.25 billion international-$ in 2021 prices in 1996 and was at its lowest, 18.92 billion international-$ in 2021 prices, in 1985.
That places Nigeria 1st out of 120 countries with data for 2022, putting it in the top 10%.
Total shortfall from extreme poverty in Nigeria, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1985 | 18.92 billion international-$ in 2021 prices | — |
| 1992 | 29.24 billion international-$ in 2021 prices | +54.6% |
| 1996 | 37.25 billion international-$ in 2021 prices | +27.4% |
| 2003 | 31.54 billion international-$ in 2021 prices | -15.3% |
| 2010 | 21.96 billion international-$ in 2021 prices | -30.4% |
| 2012 | 22.32 billion international-$ in 2021 prices | +1.6% |
| 2015 | 22.84 billion international-$ in 2021 prices | +2.4% |
| 2018 | 23.64 billion international-$ in 2021 prices | +3.5% |
| 2022 | 32.19 billion international-$ in 2021 prices | +36.2% |
Nigeria compared with similar countries
- Nigeria's 32.19 billion international-$ in 2021 prices is above the median for lower middle income countries, which is 746.36 million international-$ in 2021 prices, 43.1× the median. (29 countries reporting)
- Nigeria's 32.19 billion international-$ in 2021 prices is above the median for Sub-Saharan Africa, which is 3.29 billion international-$ in 2021 prices, 9.8× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 18.92 billion international-$ in 2021 prices | 18.92 billion international-$ in 2021 prices | 18.92 billion international-$ in 2021 prices | 1 |
| 1990s | 33.25 billion international-$ in 2021 prices | 29.24 billion international-$ in 2021 prices | 37.25 billion international-$ in 2021 prices | 2 |
| 2000s | 31.54 billion international-$ in 2021 prices | 31.54 billion international-$ in 2021 prices | 31.54 billion international-$ in 2021 prices | 1 |
| 2010s | 22.69 billion international-$ in 2021 prices | 21.96 billion international-$ in 2021 prices | 23.64 billion international-$ in 2021 prices | 4 |
| 2020s | 32.19 billion international-$ in 2021 prices | 32.19 billion international-$ in 2021 prices | 32.19 billion international-$ in 2021 prices | 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 total shortfall from extreme poverty in Nigeria?
- Total shortfall from extreme poverty in Nigeria was 32.19 billion international-$ in 2021 prices in 2022, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest total shortfall from extreme poverty recorded in Nigeria?
- The highest recorded value was 37.25 billion international-$ in 2021 prices in 1996.
- What is the lowest total shortfall from extreme poverty recorded in Nigeria?
- The lowest recorded value was 18.92 billion international-$ in 2021 prices in 1985.
- How does Nigeria rank for total shortfall from extreme poverty?
- Nigeria ranks 1st out of 120 countries with data for 2022.
- Is total shortfall from extreme poverty rising or falling in Nigeria?
- Over the last ten years it is up 44.3%. The long-run trend across the full record is flat.
- 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 Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.
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About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.