As reported by Useni Rufai through his X handle @ruffydfire:
"The World Bank has raised a fresh concern over the rising poverty in Nigeria, saying that a staggering 75.5 per cent of rural dwellers live below the poverty line.
The World Bank stated this in its latest April 2025 Poverty and Equity Brief for Nigeria which was obtained yesterday.
It had, earlier last month in its Africa’s Pulse report, during the recently concluded Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC, declared that more Nigerians would become poor over the next five years, citing Nigeria’s structural economic weaknesses, dependence on oil revenues and national fragility as key barriers to meaningful poverty reduction."
This has raised lot's of questions on the actual motive of the World Bank to developing Countries, considering they gave the Federal Government the economic roadmap to govern Nigeria, and continued borrowing them funds without accountability. #worldbank #povertyinnigeria
