The World Bank says inflation pushed seven million Nigerians below the poverty line in 2020.
According to the report, the Nigerian economy in 2020 experienced a shallower contraction of -1.8 percent than had been projected at the beginning of the pandemic . Although the economy started to grow again, prices are increasing rapidly, severely impacting Nigerian households. The report acknowledged “notable government’s policy reforms aimed at mitigating the impact of the crisis and supporting the recovery; including steps taken towards reducing petrol subsidies and adjusting electricity tariffs towards more cost-reflective levels, both aimed at expanding the fiscal space for pro-poor spending.”
WorldBank Buhari put 152,452,000 Nigeria to Big Poverty's
WorldBank All they do is lies and deceit Terrorists HQNigerianArmy is compromised and headed by Terrorists NigeriaGov is BokoHaram! MBuhari is dead EndNigeriaNow EndTheGenocide BiafraExit OduduwaExit UN WSJ nytimes _AfricanUnion BBCAfrica SecBlinken CBCNews Europarl_EN
WorldBank It’s not the same WorldBank that is still borrowing the useless govt money to satisfy their hungry appetite.. mad people everywhere...
WorldBank Nigerian government will say poverty is caused due to covid19 and they will say...even it is happening in the USA. They only imitate USA problems and not USA development. It's a big shame
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As Food Prices Go Up And UpThe prices of foodstuffs have hit an all time high and more and more people are sliding into poverty, as they can no longer feed, not to talk of meeting Nigerian solution. Prices will go down if people stop eating food
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Food prices highest in Kogi, Ogun, Anambra in MayEdo, Sokoto and Ekiti recorded price deflation or negative inflation (general decrease in the general price level of food or a negative food inflation rate) within the period. Ekiti is there also
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