“Importantly, poverty in resource-rich, fragile countries (which include large countries like the Democratic Republic of Congo and Nigeria) is expected to increase by 3.6 percentage points over 2022–27, being the only group in the region with increasing poverty rates.” 

The World Bank has provided insight into the state of Nigerians amid various economic reforms embarked upon by the administration of President Bola Tinubu.

The World Bank has forecasted a bleak outlook for Nigeria, indicating that a greater number of Nigerians will fall into poverty under the incumbent administration led by President Bola Tinubu. In its April 2025 Africa’s Pulse report, the World Bank anticipated a 3.6 percentage point rise in poverty levels in Nigeria by 2027, coinciding with […]