This paper empirically assessed vulnerability to poverty at the household level using a two-period
panel data set obtained from 150 households sampled from two local government areas within
Ibadan Metropolis. Data were analysed using descriptive statistics, poverty indices and probit
regression analysis. Analysis of the socio-economic characteristics and their relationship with
vulnerability to poverty revealed that large-sized households headed by men who were old,
widowed, self-employed, uneducated or who had only primary school education and no access to
any form of credit, were more vulnerable than other households. The estimated probit regression
model showed that marital status and tertiary education status of respondents reduced
vulnerability to poverty while primary education status and household size enhanced households
vulnerability to poverty