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3 results for “poverty”

IMF Urges Nigeria to Raise Spending Quality and Revenue as Growth Forecast Brightens

The IMF says Nigeria's improving growth outlook is not easing poverty fast enough, pressing for better-targeted spending and a broader revenue base.

Tunde Balogun2 hrs ago3 min read

Economy

Nigeria's Poverty Rate Rises to 38.7% as Global MPI Tops 1.2 Billion People

Nigeria's poverty rate rose to 38.7% in 2024 from about 33% in 2021, according to the 2026 Global Multidimensional Poverty Index, which recorded the first global rise since 2010.

Tunde Balogun3 min read

Economy

IMF Warns Nigeria's Fast Growth Is Failing to Lift Millions Out of Poverty

The IMF has warned that Nigeria's improving economic indicators are not reaching the poorest households, questioning whether the country's reforms are creating shared prosperity.

Tunde Balogun3 min read