About 139 million Nigerians live in poverty, according to the World Bank.
Despite the country’s economy showing signs of stability due to bold reforms, including exchange rate adjustments and petrol subsidy changes, these benefits have not yet reached most citizens.
World Bank Country Director for Nigeria, Mathew Verghis, noted improvements in macroeconomic indicators, such as rising revenues and stabilising inflation, but emphasized that many Nigerians still do not experience tangible improvements in their daily lives.