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27m Nigerians earn less than N100,000 per year

A report by the Socio-Economic Rights and Accountability Project (SERAP) says 27 million Nigerians earn less than N100,000 per year.
The organisation, on Thursday, launched the report titled โ€˜The Ignored Pandemic: How Corruption in the Health, Education, and Water Sectors is plunging Nigerians into povertyโ€™.
According to the report, 56 million Nigerians live in poverty and 57.20 percent of them are mostly self-employed.
The report said โ€œ65% of people living in poor neighbourhoods stayed in either one-bedroom or two-bedroom accommodationโ€, adding that four percent of people living in poverty have physical disabilities.
Touching on the availability of water, the report said 79 percent of people living in poverty did not get water from the government, 50.14 percent relied on personal wells or boreholes for water supply while 23.96 percent got water from streams or rivers; 10.51 percent got water from neighboursโ€™ houses, and 1.54 percent received water from other sources.
The report said factors such as budget fraud, procurement fraud, embezzlement of funds, and other illegal activities in the water, education, and health sectors have continued to deny quality service to Nigerians.
The report added that 61 percent of people living in poor neigbourhoods ranged between having no formal education and senior secondary education.
Elijah Okebukola, the senior research fellow at the Anti-Corruption Academy of Nigeria (ACAN), said the report covered two states each from the six geopolitical zones in the country.

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