The World Bank has predicted that by the end of 2022, around 95.1 million Nigerians will slip into the extreme poverty line due to the stagnation of the country’s economy, occasioned by poor policies of the government.
In a report published on Tuesday entitled ‘A Better Future for All
Nigerians: 2022 Nigeria Poverty Assessment,’ the World Bank said the
Nigerian economy has been stagnated since 2015.
The World Bank report further revealed that the COVID-19 pandemic
had pushed over five million more Nigerians into poverty by 2022,
The report stated that with real per capita GDP growth being negative in
all sectors in 2020, poverty is projected to have deepened for the current
poor, while those households that were just above the poverty line prior
to the COVID-19 crisis would be likely to fall into poverty.