NewStats: 3,263,952 , 8,182,068 topics. Date: Monday, 09 June 2025 at 02:18 AM 34ih

The World Bank has projected that poverty in Nigeria will increase by 3.6 percentage points over the next five years, rising through 2027.


This is according to the Bank’s Africa’s Pulse report, released during the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, DC.

The report paints a troubling outlook for poverty reduction in Nigeria, highlighting that despite some recent gains in economic activity—particularly in the non-oil sector during the last quarter of 2024—structural issues related to resource dependence and national fragility are likely to hinder progress.

According to the World Bank, Nigeria, alongside other resource-rich and fragile countries in Sub-Saharan Africa, will experience a worsening poverty situation—unlike non-resource-rich countries, which are expected to see faster poverty reduction.

“Poverty in resource-rich, fragile countries—including large economies like Nigeria and the Democratic Republic of Congo—is projected to increase by 3.6 percentage points between 2022 and 2027,” the report stated.

The report underscores that Sub-Saharan Africa continues to have the highest extreme poverty rate globally, with a disproportionate concentration of the poor: In 2024, 80% of the world’s 695 million extreme poor lived in Sub-Saharan Africa.

Within the region, half of the 560 million extreme poor were located in just four countries.

In comparison, South Asia ed for 8%, East Asia and the Pacific 2%, the Middle East and North Africa 5%, and Latin America and the Caribbean 3%.

Resource-rich countries are expected to lag in poverty reduction due to slowing oil prices and weak fiscal structures. Conversely, non-resource-rich countries are benefiting from high agricultural commodity prices, which are fueling stronger growth despite fiscal pressures.


The report adds: “This follows a well-established pattern whereby resource wealth combined with fragility or conflict is associated with the highest poverty rates—averaging 46% in 2024, which is 13 percentage points higher than in non-fragile, resource-rich countries.”

In light of these projections, the World Bank recommends that Nigeria and similar economies focus on improving fiscal management and building a stronger fiscal contract with citizens to promote inclusive economic development and long-term poverty alleviation.

https://www.vanguardngr.com/2025/04/more-nigerians-will-become-poor-by-2027-world-bank/

Why not, when the chairman of impoverishment is on the presidential seat?

The richest people in Lagos when he was a governor were area boys and touts, and they all barely struggled to find money to drink shekpe and smoke ganja.

By 2027, people will be begging to be given 200 naira so they can vote the disaster again, the alternative is to go hungry again that day.

Dont expect anything to change, the man is a proper ekperime.

Under this calamitous Tinubu regime, yesterday was bad, today is worse, and the next two years appear bleak, with no hope, let alone renewed hope.

Back to the sender

Forward ever, backward never

The statistics that was released about Nigeria GDP was false

Btw, those who are going through extreme poverty have already invaded this thread. Very worrisome future for them

Ntooor

Tinubu is not progressing he is more interested in 2027.

Nothing new. It was under them that Nigeria have long taken over the inglorious title of the world's headquarters for extreme poverty.

Racoon:
Nothing new. It was under them that Nigeria have long taken over the inglorious title of the world's headquarters for extreme poverty.

Unfortunately, your likes have been crying the poverty and hardship more than the bereaved.

Make you guys tell us where that University of Hardship is located in your region. That's where you have been learning about hardship without experiencing it hence you can describe hardship than those who are experiencing it

Hardship but people lost almost trillions of naira to CBEX 😁😂

Bobloco:


The World Bank has projected that poverty in Nigeria will increase by 3.6 percentage points over the next five years, rising through 2027.

https://www.vanguardngr.com/2025/04/more-nigerians-will-become-poor-by-2027-world-bank/

It's alright, the Papal knight Peter Obí will win by a landslide in 2027 and make us all rich again.

Same thing he did in Anambra State.

MORE NIGERIANS WILL BECOME POORER BY 2027

wait oh is this projection by world Bank to happen before or after the 2027 election cycle? 🤔

🎶 on ya mandate 🎵 e go favor me ooooo 😀

Despite being over two years into President Tinubu's istration, the economic reality for most Nigerians continues to deteriorate. According to the World Bank, more Nigerians are projected to fall into poverty by 2027. This is not just a statistic—it’s a damning verdict on the current government's policies and priorities.

With inflation at record highs, naira depreciation, rising fuel and food costs, and dwindling purchasing power, the so-called "renewed hope" agenda is looking more like a deepening hardship for millions.

And Tinubulation is planning to continue beyond 2027 and some clowns are clapping for him

helinues:
Back to the sender

Forward ever, backward never

The statistics that was released about Nigeria GDP was false

Btw, those who are going through extreme poverty have already invaded this thread. Very worrisome future for them

Continue praying.

Na prayer China use develop.

Biggeststar01:


Continue praying.

Na prayer China use develop.

Continue cursing, just get to know say back to sender dey

World Bank should tell us what we don't know rather than telling us what we already know

helinues:


Poverty and penury no be better things. Even your thinking are not straight

Have you forgotten that na you people developed Lagos as you claimed only the Agbero was rich during president Tinubu as Lagos state governor

You can't express yourself in English and you keep quoting people.I just pity you

TrackerSK:
You can't express yourself in English and you keep quoting people.I just pity you

What radarada is this one talking about

That I can agree.And it is going to increase seriously in SW as thr governors are only working to see SW president get pleased.You can see they have the highest number of thr youths wasting here on obi who was successful before 30 yr.He was already a multi millionaire before ing politics. Many of them here are still living in thr parents houses and eating free food.They collect stipend at the end of the month from SW president to buy credit to still be accepted here.I really pity for many here

Streetinvestor2:
That I can agree.And it is going to increase seriously in SW as thr governors are only working to see SW president get pleased.You can see they have the highest number of thr youths wasting here on obi matter who was successful before 30 yr.He was already a multi millionaire before ing politics. Many of them here are still living in thr parents houses and eating free food.They collect stipend at the end of the month from SW president to buy credit to still be active here.I really pity for many here

Streetinvestor2:
That I can agree.And it is going to increase seriously in SW as thr governors are only working to see SW president get pleased.You can see they have the highest number of thr youths wasting here on obi who was successful before 30 yr.He was already a multi millionaire before ing politics. Many of them here are still living in thr parents houses and eating free food.They collect stipend at the end of the month from SW president to buy credit to still be accepted here.I really pity for many here

Bitterness is an option not a must

God

My only concern is the quietness from Rivers State since the SOE. It's not a normal silence.

My second concern is Shettima will be incharge soon. Medical holiday looming

Third concern is the defections that are too early. It won't go well as they planned.

Am I a prophet? Time shall tell.

🤣🤣🤣🤣🤣🤣

And more politicians ers from one region will commit suicide because of disappointment from their political Lord like this one below 👇👇👇

Nawao

helinues:
Back to the sender

Forward ever, backward never

The statistics that was released about Nigeria GDP was false

Btw, those who are going through extreme poverty have already invaded this thread. Very worrisome future for them

mannabbqrill do you during buharis era,where is he today?

helinues:
Back to the sender

Forward ever, backward never

The statistics that was released about Nigeria GDP was false

Btw, those who are going through extreme poverty have already invaded this thread. Very worrisome future for them

This follows a well-established pattern whereby resource wealth combined with fragility or conflict is associated with the highest poverty rates—averaging 46% in 2024