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Nigeria's poverty rate forecast to rise by 3.6% by 2027, linked to poor fiscal management.
The World Bank's Africa Pulse report forecasts that poverty in Nigeria will rise by 3.6 percentage points by 2027, primarily due to the country's fragile fiscal management and reliance on natural resources.
Despite being resource-rich, Nigeria is expected to see an increase in poverty rates, with over 106 million people living in extreme poverty.
The report suggests that improving fiscal management and creating a stronger fiscal contract with citizens could help mitigate this trend.
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Se pronostica que la tasa de pobreza de Nigeria aumentará en un 3,6% para 2027, vinculada a una mala gestión fiscal.