₦airaland Forum

About 139 million Nigerians are currently living in poverty, according to The World Bank.

This is just as the bank said the country’s economy has started to show signs of stability from ongoing reforms.


Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja on Wednesday, the World Bank Country Director for Nigeria, Mathew Verghis, commended the government for implementing bold economic reforms but warned that the benefits have yet to reach most citizens.



“Over the last two years, Nigeria has tremendously implemented bold reforms — notably around the exchange rate and petrol subsidy,” Verghis said.


“These policies have laid the foundation for transforming Nigeria’s economic trajectory for decades to come.”

Verghis acknowledged that the reforms are beginning to yield macroeconomic results, including rising revenues, improving debt indicators, stabilising the foreign exchange market, growing reserves, and a gradual decline in inflation.


“Growth has picked up, revenues have risen, debt indicators are improving, the FX market is stabilising, reserves are rising, and inflation is finally beginning to come down. These are big achievements, and many countries would envy them,” he said.

Despite these gains, the World Bank warned that millions of Nigerians are yet to feel any real improvement in their daily lives.

“In 2025, we estimate that 139 million Nigerians live in poverty,” Verghis disclosed. “The challenge is clear: how to translate the gains from the reforms into better living standards for all.”

The new NDU report, titled “From Policy to People: Bringing the Reform Gains Home,” outlines a three-point strategy to help Nigeria bridge the gap between economic stability and social welfare — taming inflation, improving public spending efficiency, and expanding social safety nets.


Verghis emphasised that food inflation remains one of the biggest threats to reform success and public confidence.

“Food inflation affects everybody, but particularly the poor, and it has the potential to undermine political support for reforms,” he cautioned.
“Tight monetary policy is important, but it must be complemented by structural reforms to address deep-seated supply and market constraints.”

He further stressed the importance of efficient resource use and inclusive programs that cushion the impact of economic adjustment.

“These are not abstract ideas — they are practical steps that can turn macro-stability into better livelihoods,” Verghis said.


The World Bank, he added, remains committed to supporting Nigeria through policy advice, technical assistance, and financing aimed at ensuring that the gains of reform “reach every household, not just the headlines.”

https://dailytrust.com/139m-nigerians-living-in-poverty-world-bank/

Who counted them. They will just sit in their offices and be dishing out figures with boldness like they counted the poor to ascertain their numbers. Foolish people

To those who will believe this, how many of their family members are amongnst

It has favoured me and my family

From "Sai Baba" to "Emilokan", Nigerians have not caught a break..
Two power hungry upstarts formed a "gang of thieves" and called it a political party....
A country has never known peace ever since ..

To think that these two, who intentionally brought this untold misery to the whole country, are seen as the best in their two respective regions, is absolutely nonplussing ..
Even as we speak, inspite of their administrations being nothing but monumental failures, their ethnic henchmen are still queuing up behind them singing their praises .., dead or alive..

Stockholm syndrome!

Personally there's no need of prices of commodities to come down, what needs to go up is individual earnings, I don't know how this can happen, but one way is to stop the steady flow of revenue derived from raw materials from flowing to Europe and the rest of the world.
Let all the looters of scarce resources be granted amnesty to repatriate all their looted funds back to Nigeria, on the condition that they can only keep 10% of their corrupt funds. These money returned can be used to fund projects based on the parastatal where the money was looted from.

I am not among the 139m in Jesus name.

Nlfpmod, you will not be poor.

Which investor will come to such a place where 139million citizens are under multidimensional poverty?

139 million Nigerians are poor, but Emilokan Tinubu add another 40 million people, bringing the number to a total
179 Millionen Nigerians are living in poverty
10 Years of the APC government destroyed Nigeria

helinues:
To those who will believe this, how many of their family members are amongnst

Because Boko Haram, Iswap and bandits have not attacked you, therefore terrorists don't exist in Nigeria?

helinues:
To those who will believe this, how many of their family members are amongnst

Political bigotry has destroyed your thinking faculty. So because you have food to eat means there's no hunger in the country?

139 is small about 190 million Nigerians are struggling stay afloat, majority of whom were givers and lenders to the poor

PerfectStranger:
Political bigotry has destroyed your thinking faculty. So because you have food to eat means there's no hunger in the country?

He has the same mindset as Marie Antoinette…Queen of France! Tell him poor Nigerians no see bread to chop, and he’d probably answer back ‘well, let them eat okpa!’