THE World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years.
The President, Major General Muhammadu Buhari (retd.), was first elected into the office of president of Nigeria in 2015.
According to the Washington-based bank, the number of poor Nigerians is projected to hit 95.1 million in 2022.
It said this in its report titled, ‘A Better Future for All Nigerians: 2022 Nigeria Poverty Assessment’.The report further revealed that the COVID-19 pandemic pushed over five million more Nigerians into poverty by 2022.
According to the report, about 90 million Nigerians are expected to be poor by 2022. However, due to the pandemic, the projection increased to 95.1 million Nigerians.
The report read, “The COVID-19 crisis is driving up Nigeria’s poverty rate, pushing more than 5 million additional people into poverty by 2022.-The Punch