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Poverty remains a serious problem in Nigeria; women are among those mostly affected and are often deprived in many ways. This paper uses the multidimensional approach to examine poverty levels among women in Ibadan South West Local Government Area, Oyo State. Primary data was obtained from a sample of 393 women across the population density areas on socio-economic characteristics and poverty indicators (health, education and standard of living). The Alkire-Foster multidimensional approach was used to estimate the multidimensional poverty index (MPI) for the sampled women. The weights assigned to these poverty dimensions were generated using the multiple correspondence analysis. The MPI for each woman were categorized as abject poor (deprived in at least two dimensions), moderate poor (deprived in one dimension) and non-poor (not deprived in any dimension). The mean age of the women was 30.8±6.7 years. One-third of the respondents were mostly artisans (30.0%) and traders (26.5%), and 52.2% had completed secondary education. About 23.0% of women were deprived in education, 61.0% in health and 70.4% in standard of living. Based on location, the study indicated that the women in the medium and high density areas are mostly deprived in the different dimensions of poverty. When the poverty cut off K= 1, poverty incidence is 94% and 51.7% of the women were multidimensional poor as against 28% poverty incidence and 19.6% poor women when k=3 using the Alkire-Foster Multidimensional methodology. This implies that when women are deprived in at least one dimension; 51.7% are multidimensional poor. More than half of the respondents (51.0%) were categorized as moderately poor, 26.0% were abject poor while 23.2% were non-poor. This study revealed high poverty levels among women in Ibadan South West Local Government Area. Deprivation in standard of living and health in the three areas could be improved upon through the concerted effort of the government with appropriate ministries by initiating more productive and empowerment programs to improve their purchasing power and disseminating educative information that will improve their nutritional status through health talks to reduce the level of multidimensional poverty in urban locations respectively. [ABSTRACT FROM AUTHOR]