Nigeria’s growing economic strain has returned to the spotlight following fresh data cited by former Anambra State governor Peter Obi, who says a majority of the population is now living below the poverty line amid mounting social and governance challenges.
In a statement issued on Sunday, Mr Obi said about 141 million Nigerians—roughly 62 per cent of the population—are currently living in poverty, citing recent World Bank figures. He linked the trend to what he described as prolonged political preoccupation with power contests and party control, while key socio-economic indicators continue to deteriorate.
According to the data referenced by the former governor, the number of Nigerians living in poverty rose from about 81 million in 2019 to an estimated 139 million by 2025. He said the situation worsened sharply between 2023 and 2024, when the poverty headcount increased from 115 million to 129 million, adding about 14 million people within a single year.
Mr Obi further noted projections suggesting that by 2026, the figure could rise to approximately 141 million, representing an additional 26 million people pushed into poverty over a three-year period. He said low-income households remain particularly exposed, with food accounting for as much as 70 per cent of their spending, making them vulnerable to inflation and price fluctuations.
He also drew attention to Nigeria’s human development indicators, stating that while countries such as India, Bangladesh and Indonesia recorded notable improvements by 2025, Nigeria remained within the low human development category, with an index of 0.53.
Separately, Mr Obi commented on reports that members of Nigeria’s senior national football team, the Super Eagles, are yet to receive agreed match allowances. He described the situation as a reflection of challenges in meeting basic obligations, particularly at a time when the team has continued to record positive results.
Reacting to the reports, Mr Obi said the issue highlighted broader concerns about national priorities, noting that while significant public funds are often committed to large-scale projects or financial write-offs, relatively modest obligations to athletes remained unsettled.
He said the matter extended beyond sports, adding that the ability of a country to honour its commitments contributes to its credibility at home and abroad.
