BREAKING: StatiSense: Akwa Ibom and Rivers Lead South-South States in Multidimensional Poverty

Akwa Ibom and Rivers Lead South-South States in Multidimensional Poverty StatiSense, a data technology company, recently released a revealing report based on the 2022 Multidimensional Poverty Index from the National Bureau of Statistics (NBS).

The report sheds light on the distressing number of individuals living in multidimensional poverty within Nigeria’s oil-rich Niger Delta region, which includes states like Akwa Ibom, Rivers, Cross River, Edo, Delta, and Bayelsa. The figures underscore the pressing need to examine resource allocation and policy implementation in these states….CONTINUE READING

According to the report, Akwa Ibom, Rivers, and Cross River states are the most severely affected, with 5.08 million, 4.4 million, and 3.44 million people respectively living in multidimensional poverty. In Akwa Ibom, this represents over 71 percent of the estimated 5.451 million total population according to the National Population Commission (NPC).Similarly, in Rivers State, the 4.4 million people in multidimensional poverty make up 62.4 percent of the state’s estimated 7.47 million inhabitants. Cross River State also faces significant challenges, with 3.44 million people living in multidimensional poverty, accounting for a staggering 75.6 percent of the state’s population.

PAY ATTENTION:  I wanted to leave Nigeria two years ago – Kingibe, FCT senator-elect

While Edo and Delta States also struggle, their numbers are relatively lower compared to the aforementioned states. Edo has 1.4 million people living in multidimensional poverty, representing 35.4 percent of its estimated 3.9 million population, while Delta has 2.73 million people in poverty, just under 50 percent of its population.

The most concerning case emerges in Bayelsa State, where a shocking 2.61 million people live in multidimensional poverty, constituting a staggering 88 percent of the state’s estimated 2.9 million inhabitants. Despite receiving substantial funds from the federation account, including N87.13 billion in 2021, Bayelsa faces significant challenges in improving the living standards of its people.

The report highlights the scrutiny surrounding the 13 percent derivation funds, which are meant to benefit resource-rich regions from their natural resources. Many analysts and policymakers question why these funds have not effectively uplifted the living standards of the people in these states. Persistent poverty is exacerbated by the rising cost of living, amplified by increases in fuel prices and the depreciation of the national currency against major international currencies, particularly the US dollar.

PAY ATTENTION:  Kanye’s ‘wife’ Bianca ‘goes back to days of Adam and Eve’ with see-through tights

Stanley Nwani, an economics lecturer at Pan Atlantic University, Lagos, emphasized the urgent need for a comprehensive and multi-faceted approach to address multidimensional poverty in the region. He stressed the importance of transparent and accountable governance, responsible allocation and utilization of funds, investment in infrastructure, education, healthcare, and job creation to foster sustainable development. Community-driven development initiatives were also highlighted as essential, involving local communities in decision-making processes and development projects to maximize their effectiveness and relevance. Furthermore, sustainable economic diversification is crucial to reduce dependence on oil revenue and its vulnerability to fluctuations in global oil prices. Encouraging investment in sectors like agriculture, manufacturing, and tourism can create alternative income streams.

PAY ATTENTION:  BREAKING: Senator’s Aide Murdered In A Controversial Circumstance By Men Dressed In Police Uniform Around Berger Area of Lagos

Education and skill development were recognized as pivotal in poverty reduction, enabling individuals to access better job opportunities and improve their economic prospects. Lastly, strengthening social safety nets through effective welfare programs and support systems can provide a safety net for vulnerable populations, helping them cope with economic challenges and improve their well-being. In conclusion, the StatiSense report serves as a stark reminder of the deep-rooted multidimensional poverty affecting Nigeria’s oil-rich Niger Delta region.

Urgent action is required from policymakers, stakeholders, and communities to address the systemic issues contributing to poverty. Only through collective efforts and a commitment to sustainable development can these states realize their full potential and provide a brighter future for their citizens….CONTINUE READING