The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty.
It released the report on Thursday in Abuja as headline inflation rises, forcing millions of Nigerians into hunger.
According to global financial body, the over 129 million Nigerians represented a sharp rise from 40.1 percent in 2018 to 56 percent in 2024.
The World Bank report read, “with growth providing too slow to outpace inflation, poverty has risen sharply. Since 2018, the share of Nigerians living below national poverty line 16 is estimated to have risen sharply from 40.1 percent to 50.6 percent.
-9News Nigeria.
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