World Bank Report: Only 44% of Nigeria's Social Benefits Reach the Poor

The World Bank's latest report on Nigeria's social safety net programs indicates that only 44% of benefits actually reach the poor, despite half of the beneficiaries being classified as poor. The inefficiencies are attributed to large structural issues in benefit allocation, with a lack of adequate targeting and sustainability for vulnerable populations.

The report suggests the need for comprehensive reforms in Nigeria's social protection framework, including better coordination among federal and state agencies. Analysts recommend integrating real-time data to improve household targeting and shield vulnerable Nigerians from the adverse effects of ongoing economic reforms, especially as the economy shows early signs of stabilization.