Rising Inflation Pushed 7million Nigerians Below Poverty Line – W/Bank
The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020.
This was contained in a press statement titled ‘Critical reforms needed to reduce inflation and accelerate the recovery,...
NBS: COVID-19 Pushes Households Further Below Poverty Line
There are indications that the Coronavirus (COVID-19) pandemic has pushed households further below the poverty line, due to the increase in unemployment rate resulting from the impact of the pandemic.
In its COVID-19 Impact Monitoring round 5, September...
‘Over 82.9m Nigerians Currently Living Below Poverty Line’
With over 82.9million Nigerians currently living below the poverty line, there is a need to urgently tackle poverty to get the economy back on track, according to ActionAid Nigeria.
The Country Director, Actionaid, Ene Obi, also said unemployment...
Shrinking Of Economy: Experts Warn Of Mass Poverty, Predict Recession In Q3
The Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, has said that the Nigerian economy will slide into a technical recession in the third quarter of 2020.
Rewane who spoke with one of our...
World Bank: Coronavirus Crisis Could Push 60million People Into Extreme Poverty
The coronavirus pandemic could push as many as 60 million people into extreme poverty, the World Bank said on Tuesday.
The warning suggests deepening pessimism among economists about the scale and duration of the fallout...
18 States Worse Hit By Poverty - AfDB
Poverty rate in more than half of the 36 states of the nation is above the national average of 69 per cent, the African Development Bank has said.
The bank said this in its African Economic Outlook 2020...
