HomeGeneral and News updates27.4m Nigerians earn less than ₦100K per annum –SERAP report

27.4m Nigerians earn less than ₦100K per annum –SERAP report

The Social Economic Rights and Accountability Project has stated that over 27 million Nigerians earn less than ₦100,000 per annum.

 SERAP’s Deputy Director, Kolawole Oluwadare,disclosed this in a statement entitled ‘How corruption is plunging Nigerians further into poverty’ on Thursday.
The statement, which was culled from a report presented on Thursday titled, ‘The Ignored Pandemic: How Corruption in the Health, Education and Water Sectors is Plunging Nigerians further into poverty’,  said budget fraud and other illegal actions are responsible for the ‘failure of service delivery’ to the Nigerian people.
The 61-page report launched today at the Radisson Blu Hotel, Ikeja, Lagos, also discloses that, “Corruption contributes to poverty and consequential suffering of people living in poor neighbourhoods.”
“Budget fraud, procurement fraud, embezzlement of funds among other illegal actions, lead to failure in the delivery of services, including education, water and health. People living in poor neighbourhoods have suffered so much that they consider poor service delivery as being good enough.

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“57.3 per cent of people living in poor neighbourhoods were youths between 18 and 35 years old. Poor people are victims and not perpetrators of corruption in the health, education and water sectors.
“48.90 per cent of people living in poverty, that is, more than 27,453,154 (twenty-seven million, four hundred and fifty-three thousand, one hundred and fifty-four) earned less than ₦100, 000. 27.9 per cent, that is more than 15,663,456 (fifteen million, six hundred and sixty-three thousand, four hundred and fifty-six) earned between ₦100, 000 and ₦110, 000 per annum.
“10.70 per cent earned between ₦201, 000 and ₦300, 000 per annum. 12.50 per cent earned more than 300 Naira per annum. 65 per cent of people living in poor neighbourhoods stayed in either one-bedroom or two-bedroom accommodation. Up to 4 per cent of people living in poverty, that is, about 2,245,657 (two million, two hundred and forty-five thousand, six hundred and fifty-seven) had physical disabilities,”the report reads.
In light of this reality, SERAP urged the President, Major General Muhammadu Buhari (retd.) “to promptly propose an executive bill to amend the Nigerian Constitution of 1999 (as amended) to recognize Nigerians’ socio-economic rights, including the rights to an adequate standard of living, education, quality healthcare, and clean water as legally enforceable human rights.



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