139 Million Nigerians in Poverty: Government Urged to Shift Focus
Today, October 17, 2025, marks the International Day for the Eradication of Poverty. Unfortunately, Nigeria's situation is quite dire, with approximately 139 million people living in poverty, according to a recent World Bank report. This number has increased from 87 million in 2023, when President Bola Tinubu assumed office.
The government's economic policies have been criticized for worsening poverty, with many Nigerians struggling to afford basic necessities due to inflation, food insecurity, and a high cost of living. The removal of fuel subsidies and the liberalization of the exchange rate have been touted as fiscal reforms, but they have also led to increased hardship for many citizens.
Expectations from the Government
Nigerians expect their government to prioritize policies that address the root causes of poverty, such as:
- Improved healthcare: Investing in healthcare infrastructure to reduce the country's low life expectancy (54.9 years) and high mortality rates.
- Food security: Implementing policies to ensure access to affordable food, addressing the 76% production loss for tomatoes, 25% for maize, and 34% for catfish due to lack of reliable power.
- Economic diversification: Reducing dependence on oil exports and promoting other sectors, such as agriculture and technology.
- Social safety nets: Establishing effective social protection programs to support vulnerable populations.
- Transparency and accountability: Ensuring that government policies and spending are transparent, accountable, and focused on the welfare of citizens.
The Way Forward
To address poverty, the Nigerian government must shift its focus from mere economic stabilization to people-centered policies. As World Bank Country Director Mathew Verghis emphasized, "Nigeria has made substantial progress on macroeconomic stabilization, but now it's time to bring the reform gains home
Ultimately, the government must prioritize the welfare of its citizens, ensuring that economic growth translates into improved living conditions, better healthcare, and a more dignified life for all Nigerians.
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