US EditionNigeria's Poverty Rate Climbs to 63% Despite Easing Inflation - World Bank
World Bank reports Nigeria's poverty climbed to 63% or 140 million people in 2025, as household incomes failed to keep pace with easing inflation.
- On Tuesday in Abuja, the World Bank released its Nigeria Development Update, reporting that poverty climbed to 63% in 2025, affecting about 140 million people despite concurrent inflation easing.
- Although inflation eased significantly during the period, household incomes failed to keep pace. The report stated, "Household incomes have not grown fast enough to offset still-elevated inflation, and poverty has yet to begin declining."
- Beyond inflation, structural constraints limited poverty reduction. Lead Economist Fiseha Haile noted that agriculture, where over half the poor work, lagged services and industry, constraining income gains among vulnerable populations.
- Former Vice President Atiku Abubakar criticized the Tinubu administration through spokesperson Pfrank Shaibu, calling the poverty rise "regression on a monumental scale" and characterizing current reforms as failures.
- The World Bank projects poverty will decline to about 59% by 2028 if macroeconomic conditions stabilize and food prices remain lower, supported by inclusive, job-rich economic growth.
12 Articles
12 Articles
Your reforms are monumental regression — Atiku slams Tinubu over lNigeria's poverty level
Former Vice President Atiku Abubakar has expressed grave concern over the World Bank’s confirmation that 60 percent of Nigerians are living below the poverty line. In a statement by his spokesperson, Pfrank Shaibu, Atiku said it is unfortunate that “over 60 percent of Nigerians are now living below the poverty line, up from about 40 percent just a few years ago; this is not reform—it is regression on a monumental scale.” He noted that Nigeria’s …
W'Bank Report: Atiku Slams Tinubu Over '60% Nigerians Living Below Poverty Line'
Former Vice President Atiku Abubakar has expressed grave concern over the World Bank’s confirmation that notwithstanding what millions of Nigerians are already experiencing daily—”poverty is rising at an alarming rate under the administration of President Bola Ahmed Tinubu.” According to him, “over 60% of Nigerians now living below the poverty line, up from about 40% just a few years ago, this is not reform—it is regression on a monumental scale…
World Bank Report: Atiku Blames Tinubu’s Policies For 60% Poor Nigerians
A statement from the camp of former Vice President Atiku Abubakar has blamed President Bola Tinubu’s policies for recent findings by the World Bank which indicate a sharp rise in poverty levels across the country. In the statement signed by his media aide, Phrank Shaibu, the former vice president expressed “grave concern” over what he described as worsening economic conditions. “We note with grave concern the World Bank’s confirmation that… pove…
World Bank Report: Atiku faults Tinubu's policy direction
Former Vice President Atiku Abubakar on Friday expressed concern over rising poverty levels in Nigeria following a recent World Bank report, which placed the country’s poverty rate at 63 per cent.Atiku raised the concern in a statement issued in Abuja by his Senior Special Assistant on Public Communication, Phrank Shaibu.The chieftain of the African Democratic Congress criticised the economic policies of President Bola Tinubu, warning that worse…
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