The World Bank has delivered a brutal message to Nigeria: unless drastic changes are made, more Nigerians will fall into poverty by 2027. The warning comes in a new report that paints a stark picture of where the country is headed if current trends continue.
According to the World Bank, inflation, slow economic growth, food insecurity, and poor governance are combining into a dangerous cocktail. Millions are already struggling to survive, and without urgent intervention, the number of people living below the poverty line will explode in the next three years.
The report highlights deep structural problems. Despite being Africa’s largest economy on paper, Nigeria has failed to turn its wealth into real improvements for its citizens. Jobs are not being created at the pace needed to absorb the young, rapidly growing population. Public services like education, healthcare, and security are overstretched and underfunded. And the government’s reform programs, while ambitious on paper, have so far delivered little tangible relief to the masses.
What’s even more worrying is that poverty is no longer just a rural problem. Even in major cities like Lagos and Abuja, the cost of living crisis is forcing middle-class families into survival mode. The World Bank’s message is clear: without urgent, smart reforms, Nigeria is on a path where wealth will become even more concentrated in the hands of a few, while millions sink deeper into hardship.
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