MORE NIGERIANS EXPECTED TO FALL INTO POVERTY BY 2027 – WORLD BANK. (PHOTO).
More Nigerians expected to fall into poverty by 2027 – World Bank Despite Nigeria’s resources-rich status, more of the county’s citizens are expected to sink into poverty by 2027, the World Bank Group has said. This is contained in the World Bank’s Africa Pulse report released at the ongoing Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, the United States. The report noted that sub-Saharan Africa has the highest extreme poverty rate globally, with a large share of the poor concentrated in a few countries. According to the Bretton Woods institution, about 80 percent of the world’s estimated 695 million extreme poor resided in the region in 2024, compared to 8 percent in South Asia, 2 percent in East Asia and the Pacific, 5 percent in the Middle East and North Africa, and 3 percent in Latin America and the Caribbean. “Within Sub-Saharan Africa, half of the 560 million extreme poor in 2024 resided in four countries,” the report highlight...
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