Economic Growth & Poverty in Nigeria: Part 2 of 2
This is the second in a two-part series on measuring and understanding economic growth and poverty in Nigeria, presenting findings from EPAR Technical Report #327. Nigeria became Africa’s largest economy in 2014. As Nigeria’s Gross Domestic Product (GDP) per capita grew by nearly 70% between 1992-2009, poverty rates fell by 6%. However, while the proportion of impoverished Nigerians decreased slightly, the population grew by 54.3%, increasing the absolute number of Nigerians below the poverty line.