An important supplier to the United States because of the oil’s high gasoline content, Nigeria has attracted billions of dollars of investments from the world’s top oil companies. Yet poverty in Africa’s second biggest economy is rising, with almost 100 million people living on less than $1 a day, data released last month shows. The percentage of Nigerians living in absolute poverty - those who can afford only the bare essentials of food, shelter and clothing - has risen to around 60 percent.
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Added March 08, 2012
from Daily Trust