Nigeria’s poverty crisis has worsened dramatically, with nearly two-thirds of the population now living below the poverty line, according to new findings from the World Bank. The report paints a stark picture of deepening economic hardship, even as inflation shows signs of easing.
The World Bank estimates that about 63 percent of Nigerians are now classified as poor, highlighting the widening gap between economic indicators and everyday realities for millions across the country. While recent data suggests that inflationary pressures are beginning to slow, the relief has yet to translate into improved living conditions for most households.
Economists say the persistence of high food prices, unemployment, and currency instability continues to erode purchasing power. For many Nigerians, basic necessities remain out of reach, forcing families to cut back on meals, healthcare, and education.
Rural communities and informal workers are among the hardest hit, with limited access to social safety nets worsening their vulnerability. Urban areas are also seeing rising hardship, as the cost of living outpaces income growth.
The World Bank has called for urgent policy measures to address structural challenges, including job creation, targeted social protection programmes, and efforts to stabilise the economy. Without decisive action, analysts warn that poverty levels could rise even further in the coming months.
Despite government efforts to implement reforms aimed at long-term growth, the immediate impact on citizens remains severe. The latest figures underscore the scale of the challenge facing Africa’s largest economy as it grapples with balancing macroeconomic stability and human welfare.
For millions of Nigerians, the reality is clear: easing inflation has not yet eased the struggle to survive.
