In recent times, the conversation around poverty reduction in Nigeria has intensified. While the President has repeatedly urged state governors to take decisive steps to tackle poverty, the real test lies not in the rhetoric but in the visible transformation of citizens’ lives.
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...
