Do we actually believe such information from world bank? This made me start thinking. Please read attentively to get educated it's worth it.

My grandfather lived all his life on "less than five dollar per day"- world bank definition of poverty.
But was my grandfather actually poor?
My grandfather owned a large farm, he cultivates yam, cassava, millet, cocoa, beans, groundnut, he has plantain and banana also.

From these produce, he and his family consume them without having to depend on spending money or buying food the excess he sells it and use it to buy one or two things in the house.

He also have a farm where he rare goats (not in large scale) have some few cattles and have a little chicken farm as his side hustle.

When he wants to take juice, he plucks from the mango tree, orange tree, tangerine trees in his compound and takes milk from his cattles to make yoghurt.

He had no need for money because he lives in his own house with 12 children and three wives and have all the products he needs.He trained all his children to school by selling 1 of his cattle each term.

He provided for all his family needs with just less than five dollar a day.
Can you conclude that this man is truly poor?

While a folk in the big city receives $8000 ( a fairly good amount for people living in naija) every year, while he finds it hard to provide meat, juice, foods for his children (4 kids) ontop all this, he doesn't even own a house.

Which of these men are poor? The one who lives on less than 5 Dollars a day, Or the one whose yearly income is $8000?

When the people living in developed world, hear that in Africa people are actually living on less than 5 dollars a day, you see their faces and they will feel bad and will say "Africans are really poor, starved and hungry"
While the man living on 5 dollars a day surprisingly he is living just fine. Many of you here live on 2k daily, that's 60k in a month, are you starved?

The currency in third world countries tends to be disproportionately undervalued in terms of its purchasing power and income.
Meaning earning $5 a day in Nigeria is more like earning $200 a week in the U.S.A.

It still thesame reason people travel abroad, and they believe they will become rich. The truth is they send like 200k to their family every month in Nigeria, and you in Nigeria will think they are rich . In actuality over there they are part of the lower middle class citizen. They are only taking advantage of the economic disparity with these two countries which I explained in the previous paragraph. Someone earning 400k every month here is better than someone earning $3000 every month in the U.S.A. lol someone wants to argue. The Nigeria man here can afford good home and even steady electricity, internet and can build a house in Nigeria, good medicals if he is without wife or kids; while a white man in the U.S.A can't afford a better home than the other or even medicals to treat himself with just $2500, if he sucks he might go into debt. He can't even afford to buy a house not to talkless of owning a truck to live in two lifetime.

Why the long post?
Making use of Western style opulence as a means or standard to measure poverty is not enough.
In Mongolia, you are a poor man if you have less than 200 cattles. Then if we use that in Nigeria. Almost all the people in the south east are poor.

So the question, are we truly the world poverty capital?

( OAM4J, Mynd44 )

Yes because 99.9% struggle to eat proper balance diet therefore look malnourished. That why in naija rite now if u woze somebody just one slap, that person can be admitted into the intensive critical care unit straight away and may not survive. because the bar is just remaining one percent (1%) and they are angry that they cannot recharge.

They look at your average index.
Have you been to the North before?
Ok, leave that one. Just go to Ojota and stand by the pedestrian bridge try to calculate or observe the average lifestyle of Nigerians then juxtapose it with what you have in Western countries.
On a daily basis Nigerians are dying in the Mediterranean Sea because of harsh economic situation.
Do you need a world Bank to tell you that the country for almost 8 years has been on reverse? Olorun o!

Okay, using the Nigeria's cultural definition of who's wealthy... How many of us can be said to live above the poverty line?

The farmers in the villages, can they even afford fertilisers?

Datboredberry:
Okay, using the Nigeria's cultural definition of who's wealthy... How many of us can be said to live above the poverty line?

The farmers in the villages, can they even afford fertilisers?

You did not read the post. But the farmers in the village eat just fine. Read the post

soundOsonic:


You did not read the post. But the farmers in the village eat just fine. Read the post

Days who? When was the last time you went to a small community?

anyone who wants to listen to World Bank in order to ascertain whether they are poor or rich, are simply deluded!

They believe so much in rituals and also practice religions blindly.

My grandfather lived all his life on "less than five
dollar per day"- world bank definition of poverty.
But was my grandfather actually poor?
My grandfather owned a large farm, he cultivates yam,
cassava, millet, cocoa, beans, groundnut, he has
plantain and banana also.
From these produce, he and his family consume them
without having to depend on spending money or
buying food the excess he sells it and use it to buy
one or two things in the house.

What is the market value of what your grandfather consumed daily? That you produced it or bought it doesn't make a difference.

soundOsonic:


You did not read the post. But the farmers in the village eat just fine. Read the post

Dey sai you poor and na food be your best argument? Oga leave talk.

CamusMidas:

Dey sai you poor and na food be your best argument? Oga leave talk.

Abi oo, so when person fall sick like malaria, na chopping food go make the person better

Why do followers think like their leaders self?

jmoore:


What is the market value of what your grandfather consumed daily? That you produced it or bought it doesn't make a difference.

Now that is the essence of this post. To educate you not to use the western opulence to measure who is poor. Now you are talking of market value trying to reduce it to numbers.

The essence of the post is to make you understand not to use the purchasing power of a person to know if he is poor, but rather focus on the standard of living of that individual.

An individual who eats well and live comfortably without spending money isn't poor.

Let me explain. In the university.

Someone with surplus food stuff but no money and someone with money that can only serve him one daily meal.
Out of the two, whom have a better standard of living?

tnerro1:


Abi oo, so when person fall sick like malaria, na chopping food go make the person better

Why do followers think like their leaders self?

You didn't read the post did you?

You are using someone in the 80's to
compare with someone in this present
generation.
$ 8,000 dollars in your grandfather time will buy
off is entire generation if brought to 9ja.

soundOsonic:


Now that is the essence of this post. To educate you not to use the western opulence to measure who is poor. Now you are talking of market value trying to reduce it to numbers.

The essence of the post is to make you understand not to use the purchasing power of a person to know if he is poor, but rather focus on the standard of living of that individual.

An individual who eats well and live comfortably without spending money isn't poor.

Let me explain. In the university.

Someone with surplus food stuff but no money and someone with money that can only serve him one daily meal.
Out of the two, whom have a better standard of living?

You are still missing the point. They didn't say 'spend' but 'live'.

jmoore:

You are still missing the point. They didn't say 'spend' but 'live'.

You na no dey reason too much.
If people live on less than 5 dollars a day. It means they can't spend more than 5 dollars. They can live or spend beyond their means.

Go and enlighten yourself more oga

soundOsonic:


You na no dey reason too much.
If people live on less than 5 dollars a day. It means they can't spend more than 5 dollars. They can live or spend beyond their means.

Go and enlighten yourself more oga

Someone that ate catfish from his farm and someone that bought catfish from market is same thing.

You are only focusing on SPENDING. Which makes your perspective myopic.

jmoore:

Someone that ate catfish from his farm and someone that bought catfish from market is same thing.

You are only focusing on SPENDING. Which makes your perspective myopic.

Oga it is not thesame thing at all.

You no understand my point. World bank is telling you they are not thesame.

World bank is telling you that the person wey chop catfish from farm is poorer than person wey buy am simply because he no spend money chop cat fish.
Now you have agreed they are thesame while world bank is saying they are not.
That's the idea of the post.