Sunday, July 27, 2025
  • REPORT A STORY
  • PRIVACY POLICY
  • CONTACT
WITHIN NIGERIA
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)
No Result
View All Result
WITHIN NIGERIA
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)
No Result
View All Result
WITHIN NIGERIA
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE

Poor Nigerians will reach 100 million by 2022 — World Bank

by
December 11, 2020
in National
Reading Time: 1 min read
A A
0
Share on FacebookShare on Twitter

Due to the impact of the COVID-19 pandemic on the country’s economy, the World Bank has projected that the number of poor Nigerians will increase from the present 90 million to about 100 million by 2022.

World Bank made this known on Thursday, saying that by 2022, about 11 million more Nigerians were expected to fall into poverty due to the COVID-19 crisis.

The World Bank also put the financing portfolio approved by its board for Nigeria at about $11.5bn.

The bank disclosed this during its Nigeria Development Update virtual event, which had the theme ‘Rising to the challenge: Nigeria’s COVID-19 response’. In his presentation at the event, an economist with the bank, Marco Hernandez, stated that before the COVID-19 pandemic, about two million Nigerians were expected to fall into poverty in 2020 as population growth outpaced economic growth.

READ ALSO

TRIBUTE: Muhammadu Buhari, ex-Nigerian leader and the political king of North

Three Events Former President Buhari Will Be Remembered For As He Passes On

Tinubu’s ₦38 Trillion Loan Sparks Fear as Nigeria’s Debt May Rise to ₦182 Trillion

How the IPOB sit-at-home order killed over 700 people in four years

TRIBUTE: Peter Rufai: Nigerian Prince who jettisoned Royal trappings for football

“With the COVID-19, the recession is likely to push an additional 6.6 million Nigerians into poverty in 2020, bringing the total newly poor to 8.6 million this year.This implies an increase in the total number of poor in Nigeria from about 90 million in 2020 to about 100 million in 2022. Northern states are more likely to be affected,” he said.

RELATED STORYPosts

National

TRIBUTE: Muhammadu Buhari, ex-Nigerian leader and the political king of North

by Sodiq Lawal Chocomilo
July 15, 2025
President Muhammadu Buhari
Analysis

Three Events Former President Buhari Will Be Remembered For As He Passes On

by Caleb Ijioma
July 14, 2025

Discussion about this post

JUST IN

Truck crushes five persons to death in Anambra

by Afolabi Hakim
9:12 Jul 27, 2025

The accident, which was caused by a brake failure, involved a Mercedes-Benz…

WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • WHO IS WITHIN NIGERIA?
  • CONTACT US
  • PRIVACY
  • TERMS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

No Result
View All Result
  • HOME
  • FEATURES
  • NEWS
  • ENTERTAINMENT
  • FACT CHECK
  • MORE
    • VIDEOS
    • GIST
    • PIECE (ARTICLES)

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName