World Bank Report: 60% of Nigerians in Poverty, Atiku Says

Atiku Abubakar, a chieftain of the African Democratic Congress (ADC) and former Vice President of Nigeria, has condemned the All Progressives Congress (APC)-led federal government following a World Bank report that states 60% of Nigerians are now living in poverty. He expressed grave concern over the report, highlighting that this figure has risen from 40% in recent years.

Abubakar attributed the increase in poverty to poorly conceived and harshly implemented policies, including the abrupt removal of fuel subsidies and chaotic currency devaluation. He criticized the Tinubu administration for failing to address the economic crisis, which has led to spiraling food prices and the collapse of small businesses.

Abubakar proposed a reform strategy that emphasizes careful sequencing of policies, social protection, job creation, and support for small businesses and agriculture. He argued that Nigeria cannot continue on a path that deepens poverty and called for leadership that restores dignity and prosperity for its citizens.