The United Nations (UN), in collaboration with the Oxford Poverty and Human Development Initiative, in its latest report on the Global Multidimensional Poverty Index, found that despite efforts to reduce poverty, about 1.1 billion people around the world suffer from severe multidimensional poverty. I made it clear that I live in poverty.
The report also found that 534 million people in sub-Saharan Africa live in extreme poverty, compared to 389 million in Asia.
A United Nations report that analyzed data from 81 countries found that 25 countries had halved their Multidimensional Poverty Index (MPI) in just 15 years.
“The findings give researchers hope that SDG 1 zero poverty can be achieved by 2030. Among them are India, China, Cambodia, Morocco, Vietnam, Congo, Honduras and Indonesia. , Serbia, etc.”
“India has proven to be a remarkable case, lifting 415 million people out of poverty between 2005 and 2021. China has around 6,900 million people have been lifted out of poverty, and Indonesia’s MPI has decreased by 8 million in five years.” On average, countries have been able to cut poverty levels in half in 12 years,” the report added.
However, the report noted that the lack of data after the COVID-19 pandemic limited our understanding of the impact of the pandemic on poverty levels in the 110 countries for which data were collected.
Pedro Conceicao, Director of the Human Development Reporting Office, said the impact of the COVID-19 pandemic on education has derailed progress made by countries to reduce multidimensional poverty.
“As we reach the midpoint of the 2030 Agenda for Sustainable Development, we see steady progress in multidimensional poverty reduction even before the pandemic.
“However, the negative impact of the pandemic on aspects such as education could be significant and have long-lasting effects.
“There is a need to intensify efforts to identify the most adversely affected aspects, and to intensify data collection and policy efforts to get poverty reduction back on track,” he said.
The report also found that data collected from Nigeria, Cambodia, Peru and Mexico in 2021 and 2022 showed a decline in MPI despite the pandemic.
Per Second News reported that the number of extremely poor Nigerians was put at 71 million, according to 2023 data from the World Poverty Clock.
Also, the National Bureau of Statistics (NBS) states in its 2022 Multidimensional Poverty Index survey that 63 percent of people living in Nigeria live in Nigeria. 133 million people are poor in many ways.
The World Bank also said in its Macro Poverty Outlook for Nigeria released in April 2023 that about 13 million Nigerians will fall below the national poverty line by 2025.