Nigeria Faces Rising Poverty and Malnutrition Crisis

A report from PiggyVest indicates that three out of five Nigerians earn below ₦100,000 monthly, reflecting a troubling economic landscape where many struggle to save. Co-founder and COO Odun Eweniyi notes that discretionary expenses are hard to cut, leading to a weakened savings culture.

The report highlights that 40% of Nigerians do not save, with a bleak outlook for emergency funds. Oxfam International's country director, John Makina, emphasizes that 133 million Nigerians face hunger daily, attributing this to extreme inequality and the concentration of wealth among a few individuals.

The report also reveals that two-thirds of households cannot afford healthy food, leading to malnutrition, particularly among children. It stresses that without addressing the root causes of malnutrition and poverty, the situation will worsen, as many citizens live in dire conditions with inadequate access to basic services like education and healthcare.