₦airaland Forum

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

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.”

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

139 million people constitute more than 60% of the population of Nigeria. I think the most important thing that keeps Nigeria in relative peace is that religious leaders sell us false hope, giving our politicians the leeway to loot with reckless abandon.

should we tell World bank the exact figure? It's either world bank dey biased with the figure or the person wey count am not sabi count. Abeg the person wey do this counting shouldn't do the paternity fraud counting sha because we know say over 60% of men dey father children wey no be their own for this part of the world.

What do I even know sef aside enlightening my fellow men nationwide with the good news of DNA test

Not just ordinary poverty... Abject poverty

They also thrive in mental & religious poverty.

They're the number 1 werey in the world!

That's it Nigerians are suffering

Understatement..way above in tiefnnubu government.

Lies.... 🤥




Tinubu has eradicated poverty to the bearable minimum...




They just about 100thousand poor people in the whole Nigeria 🇳🇬 currently

Wahala be like wetin again

More than that 139million...

APCgovernmentdon deny am sef, sets of denialists

It's a lie
Not up to 10 people are living in poverty since tinubu the master economist took over

The sad thing here is that a vast majority of these people are blindly defending the government that put them in poverty.

No wonder for the mass denial of visas as they see Nigerians as trying to escape from their poverty and hell fire

That's an upgrade from where Buhari left it


Tribe and religion won't feed beggars all over your street, only competent leadership can do it

The number should be more than that. At least, the number should 239m people are living in abject poverty.

hmmm.

It is well, it is well, with my soul

That's almost 70% of our population.

...And this is a conservative figure that doesn't really tell the facts. The real number is definitely worse.


APC's legacy is not good at all!

Hmmm! but our statistics say otherwise, perhaps somebody is lying.

Let me look at what our FDI says.

State Governors and other wicked politicians are the ones eating the proceeds from economic reform.
Very corrupt people.

A country where some people collect 20k to down play their poverty.

They fight over who is the most superior tribe over justice and fair play.

A country where the rich are getting richer while the poor suffer terribly.

World Bank hails Nigeria’s progress: poverty up, hunger up, optimism up (in Washington). These charlatans called worldbank love Nigerian reforms because they fix numbers, not lives. Macro recovery, micro misery.

Those are the poor masses they are going to tax

We've been hearing this not today and nothing has been done or doing about it

He pass 139 guys..

Above 200 million self.

Na only politicians and family , old money (old thief) dey enjoy the whole dividends.

Us like this, even statistic, we never see chop...

And the 139m will pay more tax next year from their poverty

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

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


APC ooooo


BUHARI WAS A DISASTER ...

But..

TINUBU IS A DISASTER PROMAX, COLOSSAL DISGRACE AND A HUGE MISTAKE

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


If i talk now eeeeee

ChrisIntegral:
State Governors and other wicked politicians are the ones eating the proceeds from economic reform.
Very corrupt people.

How can 36 governors who share 27% of the jointly owned federation account be the wicked politicians eating the proceeds of economic reform?

What of the president who alone has 53% of the revenue?

Do you now see who is the most wicked politician and most corrupt person