In 2021 an estimated 698 million people, or 9% of the global population, are living in extreme poverty. Between 2019 and 2020, the number of people living in extreme poverty increased by an estimated 50 million due to the Covid-19 pandemic and resulting global economic downturn. The number of people living in extreme poverty is estimated to have fallen during 2021 as the global economy has started to recover, but there remains an estimated eight million more people living in poverty today than there were in 2019.
In 2022, around 12 percent of the world population is in extreme poverty, with the poverty threshold at 1.90 U.S. dollars a day, lived in Nigeria. Multiple factors are linked to increased poverty. Regions with critical situations of employment, education, health, nutrition, war, and conflict usually have larger poor populations. Consequently, poverty tends to be more prevalent in least-developed and developing countries worldwide.
For similar reasons, rural households also face higher poverty levels. In 2022, the extreme poverty rate in Africa stood at around 50 percent among the rural population, compared to 10 percent in urban areas. Together with poverty, malnutrition is also widespread in Africa. Limited access to food leads to low health conditions, increasing the poverty risk. At the same time, poverty can determine inadequate nutrition. Almost 40 percent of the global undernourished population lived in Africa in 2020.
Treasure foundation born out of love for humanity and a burning desire to give, intends to be a got to refuge for every struggling individual and bridge the gap of lack. We intend to reach out to as many people in need as possible, targeting remote villages with no means.