The findings, based on a projection by the World Poverty Clock and compiled by Brookings Institute, show that more than 643 million people across the world live in extreme poverty, with Africans accounting for about two-thirds of the total number.
In Nigeria, as with other countries on the continent, that figure is projected to rise.
“By the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there are today,” the researchers write.
Despite being the largest oil producer in Africa, Nigeria has struggled to translate its resource wealth into rising living standards.
But while the numbers of Nigerians falling into extreme poverty grows by roughly six people every minute, poverty in India continues to decrease.
At present, an estimated 5.3% of Indians or 71.5 million people, live below the poverty line.
Source: CNN