Over 700,000 People In Oyo Are Living In Extreme Poverty, Earn N383 Per Day

In Oyo state, about 770,756 of the population are considered poor, living on N383.03 per day.

This figure represents 9.83 percent of the population, estimated to be around 7.8 million.

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The National Bureau Of Statistics (NBS) revealed this in its latest Poverty Index Report for 2019 released during the week after 10 years.

The report, InsideOyo.com gathered that Oyo state ranked fourth among the states with a low poverty rate, before Lagos (4.50), Delta (6.02), and Osun (9.32).

According to the Bureau, 40.1 percent of Nigeria’s total population was poor, meaning that an average of four out of 10 individuals in Nigeria have real per capita expenditures below N137, 430 per year.

This translates to over 82.9 million Nigerians who are considered poor by national standards.

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Oyo State governor, ‘Seyi Makinde, has been lauded for the impact of his administration on the Internally Generated Revenue fortunes of the state since he assumed office in 2019, with the state currently ranked among the top 10 states in total revenue generation. Executive Chairman of the Federal Inland Revenue…

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