Nigeria, Conflict-Affected Economies Face Growing Extreme Poverty Crisis - World Bank    The World Bank has warned that extreme poverty is growing rapidly in Nigeria and 38 other economies affected by conflict and instability, worsening hunger and pushing development goals further out of reach. The bank made...

The International Monetary Fund (IMF) is advising the Federal Government of Nigeria to sustain its ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift the majority of citizens out of poverty. 

Rising Inflation Poses Risk To New Minimum Wage President Bola Tinubu has set up a committee to decide on the new minimum wage for Nigerian civil servants, however, concerns have been raised regarding the country’s rising inflation which is currently at 28.92%. Economists believe the implementation...

FG Targets 0.6% Poverty Rate, 6.3% Unemployment Rate The Federal Government says it targets to reduce the poverty rate to 0.6 per cent and the unemployment rate to 6.3 per cent by 2030 and 2050 agenda. The Minister of Budget and Economic Planning, Atiku Bagudu, said...

Nigeria’s Economic Growth Too Slow To Reduce Poverty - World Bank   The World Bank, yesterday, warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in the country. Meanwhile, the bank has retained its economic growth (Gross Domestic Product, GDP) forecast...

Experts Groan As Buhari Hands Over Struggling Economy   The current regime inherited a frail economy. Despite Nigeria’s economy growing by over six per cent in 2014, economic growth slowed to about three per cent by 2015 – reported as the lowest in the democratic era....