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More Nigerians will be trapped in poverty because of increasing population
Nigeria’s uncontrolled population is becoming worrying as the prospects of poverty reduction in the near future is increasingly becoming a mirage. This was underscored last week at the virtual launch of the 2021 Macroeconomic Outlook of the Nigerian Economic Summit Group (NESG). The World Bank said at the forum that about 15 million to 20 million more Nigerians would be tipped into poverty by 2022. At present, about 100 million people, half the population of Africa’s biggest economy, are already living below the poverty line.
World Bank Senior Economist, Gloria Joseph-Raji, said that the impact of the COVID-19 pandemic on Nigerian economy was hard. Indeed, the country experienced its second and deepest recession in five years since the 1980s in 2020, evidently a fallout of the catastrophic drop in the prices of oil, the country’s main foreign exchange earner. “We consider Nigeria right now t ....

Gloria Joseph Raji , World Bank Senior Economist , National Bureau Of Statistics , World Bank , Presidential Economic Advisory Council , More Nigerians , Nigerian Economic Summit Group , Bank Senior Economist , National Bureau , Poverty Clock Report , Doyin Salami , குளோரியா ஜோசப் ராஜி , உலகம் வங்கி மூத்தவர் பொருளாதார நிபுணர் , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , உலகம் வங்கி , மேலும் நைஜீரியர்கள் , நைஜீரியன் பொருளாதார உச்சிமாநாடு குழு , வங்கி மூத்தவர் பொருளாதார நிபுணர் , தேசிய பணியகம் , பாவர்டீ கடிகாரம் அறிக்கை ,