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Population growth to worsen Nigeria s poverty situation ― World Bank
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Inflation pushed 7 million Nigerians into poverty in 2020 – World Bank
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Nigeria: Covid-19 - 10 9 Million More Nigerians to Fall Into Poverty By 2022 - World Bank
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3 min read
A new report has predicted an estimated number of 11 million Nigerians will fall into poverty as a result of Covid-19 by 2020.
The report states that the category of Nigerians expected to fall into this line are a large share of urban dwellers who depend on service-sector, non-farm business income.
“Before the COVID-19 crisis, the poverty rate was forecast to remain virtually unchanged, with the number of poor people set to rise to 90.0 million by 2022 due to natural population growth. Yet the poverty rate is now forecast to rise to 45.2 per cent by 2022, with 100.9 million people living in poverty.”
World Bank: 10 9 million more Nigerians to fall into poverty by 2022
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