Poor Nigerians May Hit 100m by 2022 — World Bank.
The World Bank has projected that the number of poor people in Nigeria will increase by 20 million by 2022.
on Tuesday, Gloria Joseph-Raji, World Bank senior economist, was speaking at the launch of a 2021 macroeconomic outlook report by the Nigeria Economic Summit Group (NESG). Quoting the monthly COVID-19 impact survey carried out by the National Bureau of Statistics, Joseph-Raji, said most households have remained in an economically precarious situation despite the pickup in economic activities after the lockdown was lifted.
A 2020 report released by the NBS showed that 82.9 million Nigerians were living in poverty in 2019.
“The pace of recovery is highly uncertain”.
“We actually consider Nigeria right now to be at a critical junction in the sense that the achievement of its development goal of lifting 100 million people out of poverty by 2030 was already challenging even before COVID-19 struck, and then COVID-19 has made this even more challenging and more urgent.
“So, with slower growth and fewer jobs, and then coupled with high inflation, our estimates are that the number of the poor will increase by about 15 to 20 million people by 2022 from the about 83 million people in 2019. And the 2019 numbers are from the Nigeria Living Standards Survey of 2018/2019,” she said.
During his performance, Kizz Daniel, the well-known Nigerian singer and songwriter, was pleasantly surprised by a heartwarming and romantic gesture… Read More
Rapper Odumodublvck recently recounted a touching anecdote about Olamide's benevolence during an online video session with his supporters. He commended… Read More
A Nigerian woman took to social media to express her dissatisfaction after being served a small portion of porridge at… Read More
A Nigerian father has taken to social media to share that his two-year-old daughter has consumed a staggering 212 cans… Read More
Pere Egbi, a former participant of Big Brother Naija, has responded to actress Etinosa Idemudia's accusations of unpaid debt by… Read More
A viral video circulating on TikTok captured the moment when a group of Ugandan graduates from Elite High School made… Read More
This website uses cookies.