Nigeria miss 2022 poverty reduction target – W’Bank
Di World Bank Group don talk say di estimated per capital income growth of 0.7 per cent for Nigeria and di rest of Sub-Saharan Africa for 2022 no dey enough to meet di challenging goals of poverty reduction and share prosperity for di medium to long term.
For new report wey dem “Africa’s Pulse: An analysis of issues shaping Africa’s economic future,” di Washington-based bank yarn say di poverty reduction trends, wey pandemic derail don dey even slower now.
According to di report, di pandemic cause lasting impact on long-term growth, and na di poorest pipo e affect pass.
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Di weak rebound of di Nigerian economy for di aftermath of di pandemic along with di setback from rising inflation no dey enough to undo pandemic-induced job and income losses.
Di World Bank say di rising inflation dey on di economic activity for Nigeria, and di upward trend in inflation following di post-pandemic period kon worst because of di war for Ukraine.
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