Presidency Disputes World Bank's Poverty Estimate for Nigeria, Calls Figure Exaggerated

The Presidency responded to the World Bank's report estimating 139 million Nigerians living in poverty, criticizing the figure as exaggerated and disconnected from the country's reality. President Bola Tinubu's Special Adviser, Sunday Dare, emphasized the need to contextualize the poverty estimate within a global framework.

The Presidency disputed the methodology used by the World Bank, stating that the figure does not accurately reflect the actual number of poor Nigerians. The statement aimed to clarify misconceptions and highlight the complexities of poverty measurement in Nigeria.