Number of poor Nigerians may hit 100m by 2022, says World Ba

Number of poor Nigerians may hit 100m by 2022, says World Bank


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Gloria Joseph-Raji, World Bank senior economist, was speaking on Tuesday 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 pick up in economic activities after the lockdown was lifted.
A 2020 report released by the NBS showed that
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“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,” she said.

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