The Ã¢€œNigeria Poverty Profile Report 2010Ã¢€™Ã¢€™ from the National Bureau of Statistics (NBS), was recently presented at a news conference and the... (1) Comment
"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
OMOTAYO, J. A. Lagos, NIGERIA February 20, 2012
If 10%, 20% and 40% high income earners use 43%, 59% and 80% of total expenditure, that will be a good news for me. I think Nigeria will be like America with such a distribution. I may not know whether the sampling is biased to favour the government. All I know is that only 469 members of the National Assembly or 0.00028% of the population get N0.51bn out of N4.5bn or 11.33% of federation budget.
The presidency alone is on N1.0bn/yr or N2.74million (i.e. $16,604.40) peq day on food. The presidency consumes equivalent of 16,604 consumption levels of those living on $1/day. My Arithmetic (not Statistics) puts the above at 1/16,604 or 0.006%. The year 2004 benchmark is itself a biased one.
Why not May 1999 when democracy started? Why not year 2002 to make the duration a decade? I leave the rest for others to judge. God save Nigeria.