The Ă˘€śNigeria Poverty Profile Report 2010Ă˘€™Ă˘€™ from the National Bureau of Statistics (NBS), was recently presented at a news conference and the... (1) Comment
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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.