Nigeria’s poverty crisis has worsened significantly, with about 63 percent of the population now living below the poverty line despite recent signs of easing inflation, according to the World Bank. The latest assessment paints a troubling picture of Africa’s largest economy, where economic reforms and declining inflationary pressures have yet to translate into meaningful relief for millions of citizens struggling with the rising cost of living. The World Bank noted that while inflation has shown signs of moderation in recent months, the impact of earlier price shocks — particularly following…
Read MoreWorld Bank: 63% of Nigerians Now Living in Poverty Despite Lower Inflation
