Over N40 Million Nigerians Earn Less Than N200,000 Yearly – SERAP

According to a new analysis by the Socio-Economic Rights and Accountability Project (SERAP), 43 million Nigerians earn less than N200,000 per year.

According to the research, Nigerians are becoming poorer due to rampant and systemic corruption in ministries, departments, and agencies (MDAs).

It was discovered that budget fraud, procurement fraud, and fund theft, among other transgressions, had an impact on the delivery of education, water, and health services.

SERAP

“The Ignored Pandemic: How Corruption in the Health, Education, and Water Sectors is Plunging Nigerians Further into Poverty,” reads the paper.

“More than 27,453,154 persons in poverty earn less than 100,000 Naira per year, accounting for 48.90 per cent of the population. According to the report, more than 15,663,456 people, or 27.9%, earned between 100 and 200 thousand Naira each year.

According to the findings, 61 percent of persons living in disadvantaged areas lack a formal/senior secondary education; 57.30 percent of those living in such areas are between the ages of 18 and 35.

Many of the 36 states have no policies in place to aid those living in poverty or with little income gain access to health, education, or water.

President Muhammadu Buhari is urged in the report to present an executive bill to alter the 1999 Constitution [as amended] to acknowledge Nigerians’ socio-economic rights, particularly the right to a good standard of life.

It demands the Optional Protocol to the International Covenant on Economic, Social, and Cultural Rights to be ratified, which permits people whose socio-economic rights have been violated to use accountability mechanisms.

In other words, 10.70 percent made between 201 and 300 thousand Naira per year, while 12.50 percent made more than 300 Naira per year.

Furthermore, 65 percent of those living in poor neighbourhoods stayed in one- or two-bedroom apartments, and up to 4% of those living in poverty, or 2,245,657 people, have a physical disability.

Only 19% of residents in low-income areas have access to government-provided water. Water was obtained from streams or rivers by 23.96 percent of the poor, or 10,626,673 individuals; 10.51 percent obtained water from neighbours’ houses, and 1.54 percent obtained water from other sources.

Quantitative and qualitative research approaches were used in the survey. The assessment was based on data from the National Bureau of Statistics and included the country’s six geopolitical zones (NBS).

The states with the largest and lowest populations of persons living in poverty were chosen from each geopolitical zone.

According to the SERAP research, the Buhari administration should make the eligibility requirements for the National Social Register of Poor and Vulnerable Households, cash transfers, and other social programs public.

For the benefit of the majority of the population, the President was asked to enhance investment in public health, education, clean water, and other areas.

According to the research, budgetary allocations for the renovation of the National Assembly complex should be diverted to vulnerable residents such as women, children, people with disabilities, and the elderly.

“The National Assembly’s leadership should ensure that relevant parliamentary committees collaborate to launch independent public inquiries and fact-finding investigations into how public funds have been spent on education, healthcare, and water since the return of democracy in 1999,” the report recommended.

The report demanded that the NASS reveal inquiry findings into claims of corruption in MDAs, and it tasked relevant agencies with conducting additional investigation and prosecution.

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