World Bank Warns 139 Million Nigerians Remain Poor Despite Reforms

The World Bank has raised concerns over Nigeria's economic reforms, highlighting that despite efforts to combat poverty through policies, 139 million Nigerians still live in poverty. The country's economic stability and stronger currency have not translated into tangible benefits for ordinary citizens, as job scarcity and high prices persist.

Mathew Verghi, the World Bank country director for Nigeria, emphasized the need for more impactful reforms that directly benefit the people, especially in addressing inflation and food price hikes. The report underscores the widening gap between economic indicators and the reality faced by Nigerians, urging the government to focus on policies that improve the lives of its citizens.