World Bank Shock Prediction: 15 Million More Nigerians to Fall Into Poverty by 2027

IMF meetings,Fiscal policy,African economy 2025,Nigeria poverty crisis,Economic Development,Resource curse,World Bank report,Naija news,


The World Bank has issued a grim economic forecast, projecting that poverty levels in Nigeria will increase by 3.6 percentage points by 2027 - potentially pushing 15 million more Nigerians into extreme poverty. 


This alarming revelation comes from the Bank's Africa's Pulse report released during the IMF/World Bank Spring Meetings in Washington DC.


Key findings show:


  • Nigeria and DR Congo will bear the brunt of worsening poverty among resource-rich African nation



  • 80% of global extreme poor now live in Sub-Saharan Africa



  • Over-reliance on oil and weak fiscal structures are crippling Nigeria's progress



  • Non-resource-rich African nations are seeing faster poverty reduction


"Resource wealth combined with fragility results in 46% poverty rates - 13 points higher than stable resource-rich countries,"the report states. Experts urge immediate fiscal reforms to reverse this dangerous trend.



#WorldBank #NigeriaEconomy #PovertyCrisis #AfricanDevelopment #EconomicForecast #NaijaNews #IMF #SubSaharanAfrica



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