How Buhari administration pushed 7 million Nigerians into extreme poverty in 2020 – World Bank
How Buhari administration pushed 7 million Nigerians into extreme poverty At least 7 million Nigerians were pushed into poverty in 2020, according to the World Bank. In the latest Nigeria Development Update (NDU), titled “Resilience through Reforms”, the World Bank said in 2020, the Nigerian economy experienced a shallower contraction of -1.8% than had been projected at the beginning of the pandemic (-3.2%). “Although the economy started to grow again, prices are increasing rapidly, severely impacting Nigerian households.” “As of April 2021, the inflation rate was the highest in four years. Food prices accounted for over 60% of the total…