Nigeria: More Nigerians to Sink Into Poverty By 2027 - World Bank

Nigeria: More Nigerians to Sink Into Poverty By 2027 - World Bank

"Importantly, poverty in resource-rich, fragile countries (which include large countries like the Democratic Republic of Congo and Nigeria) is expected to increase by 3.6 percentage points over 2022-27, being the only group in the region with increasing poverty rates."

In its latest economic report on the MENA region, published in April 2025, the World Bank warns about a worrying reality: 83% of Moroccan companies operate in informality. This figure, one of the highest in the region, illustrates the magnitude of the structural challenges that hinder the full expression of the kingdom's economic potential. ... This article Private economy hampered by informality, according to the World Bank, appeared first on D…

World Bank Projects Increased Poverty in Nigeria by 2027

The World Bank has forecasted a rise in poverty levels in Nigeria by 2027, projecting an increase of 3.6 percentage points over a five-year period. This was revealed in its latest Africa Pulse report, released during the ongoing Spring Meetings of the IMF and World Bank in Washington, DC. Despite some economic growth, especially in Nigeria’s non-oil sector in the final quarter of 2024, the report warns that Nigeria’s status as a resource-rich ye…

World Bank gives reasons Nigerians will be poorer by 2027

The World Bank has provided insight into the state of Nigerians amid various economic reforms embarked upon by the administration of President Bola Tinubu.

10 African Countries Still Battling the Most Poverty

In 2025, millions of Africans are still navigating life under intense economic pressure. According to the latest data from the International Monetary Fund (IMF), several African countries continue to rank among the lowest in the world in terms of GDP per capita (measured by purchasing power parity). But behind the numbers are complex stories of conflict, … The post 10 African Countries Still Battling the Most Poverty appeared first on Business E…

World Bank Poverty Report: Time for Urgent Action

The latest projection by the World Bank, forecasting a 3.6 percentage point rise in poverty in Nigeria by 2027, signals a deepening socioeconomic crisis that cannot be ignored. Development Diaries reports that the World Bank, in its Africa’s Pulse report 2025, states that despite some recent gains in economic activity, especially in the non-oil sector during the last quarter of 2024, structural issues related to resource dependence and national …