News
Presidency rejects World Bank report claiming 139 million Nigerians live in poverty
The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which estimated that 139 million citizens were living in poverty, describing the figure as “unrealistic” and detached from the country’s economic realities.
President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, said in a post on his official X handle on Wednesday that the poverty figures must be “properly contextualised” within the limits of global poverty measurement models.
“While Nigeria values its partnership with the World Bank and appreciates its contributions to policy analysis, the figure quoted must be properly contextualised. It is unrealistic,” Dare said.
The Presidency explained that the 139 million figure was derived from the global poverty line of $2.15 per person per day, set in 2017 using Purchasing Power Parity, and should not be mistaken for an actual headcount of poor Nigerians.
It noted that when converted to nominal terms, the $2.15 benchmark equals about N100,000 per month at current exchange rates, which is well above Nigeria’s new minimum wage of N70,000.
“There must be caution against interpreting the World Bank’s numbers as a literal, real-time headcount. The estimate is derived from the global poverty line of $2.15 per person per day, a benchmark set in 2017 Purchasing Power Parity terms. If converted nominally, that figure equals about $64.5 per month, or nearly N100,000 at today’s exchange rate, well above Nigeria’s new minimum wage of N70,000. Clearly, the measure is an analytical construct, not a direct reflection of local income realities.
“Poverty assessment under PPP methodology uses historical consumption data (Nigeria’s last major survey was in 2018/19) and often overlooks the informal and subsistence economies that sustain millions of households. The government, therefore, regards the figure as a modelled global estimate, not an empirical representation of conditions in 2025. What truly matters is the trajectory, and Nigeria’s is now one of recovery and inclusive reform,” the statement added.
According to the former minister, poverty estimates under the PPP methodology rely on historical consumption data, often overlooking the vast informal and subsistence economies that sustain millions of Nigerian households. The government, therefore, considers the World Bank’s estimate as “a modelled global projection, not an empirical representation of living conditions in 2025.”
He stressed that what truly matters is not the static figure but the direction of change. It said Nigeria’s economy is now on a recovery and reform trajectory, driven by policies designed to ensure inclusive growth and social protection.
It noted that the current administration had expanded a number of welfare and intervention programmes aimed at cushioning the impact of recent reforms, while laying the groundwork for long-term prosperity.
Among the key initiatives Dare highlighted are, “Conditional Cash Transfers: Expanded to reach up to 15 million households nationwide, with verified digital enrolment through the National Social Register. Over N297 billion has been disbursed since 2023 to poor and vulnerable families. Renewed Hope Ward Development Programme: A major new initiative targeting all 8,809 electoral wards, delivering micro-infrastructure, livelihoods, and social services directly at the community level.
“National Social Investment Programmes: Strengthened components such as N-Power, GEEP micro-loans (TraderMoni, MarketMoni, FarmerMoni), and Home-Grown School Feeding to protect jobs, encourage small enterprise, and keep children in school. Food Security Initiatives: Distribution of subsidised grains and fertilisers, mechanisation partnerships, and the revival of strategic food reserves to curb inflationary pressure on staples.
“Renewed Hope Infrastructure Fund: Financing critical energy, road, and housing projects to lower living costs and stimulate local employment, National Credit Guarantee Company: Expanding affordable credit to small businesses, women, and youth entrepreneurs through risk-sharing mechanisms with commercial banks.”
The Presidency maintained that the Tinubu administration was tackling Nigeria’s poverty challenge by addressing the structural distortions that have constrained productivity and inclusive growth for decades.
It cited ongoing reforms such as fuel subsidy removal, exchange rate unification, and the fiscal reallocation of funds toward productive sectors, describing them as “painful but necessary choices” to fix the root causes of poverty rather than its symptoms.
“Even the World Bank itself has acknowledged that these reforms are already restoring macroeconomic stability and growth momentum,” the statement added, referencing recent remarks by World Bank officials acknowledging signs of economic recovery under the Tinubu administration.
The government emphasised that economic recovery alone is not enough unless it translates into real welfare gains for ordinary Nigerians.
According to the statement, the administration’s medium-term priority is to ensure that macroeconomic stability leads to affordable food, quality jobs, and reliable infrastructure.
Investments are being ramped up in agriculture, manufacturing, and power reliability, including new gas-to-power projects and skill development hubs expected to boost job creation and reduce living costs.
“Nigerians should begin to feel more visible improvements in food prices, income, and purchasing power as these programmes mature,” the statement said.
The Presidency added that the administration is consolidating its social protection architecture by integrating all welfare programmes under a unified, data-driven framework to enhance transparency and accountability.
This integration includes expanding the National Social Register and scaling up existing NSIP schemes, ensuring that “no vulnerable community is left behind.”
The Presidency concluded by reaffirming President Tinubu’s commitment to building “a resilient and inclusive economy” where growth directly improves living standards.
“Nigeria rejects exaggerated statistical interpretations detached from local realities. The government remains focused on empowering households, expanding opportunity, and laying the foundation for a fairer, more prosperous nation,” the statement concluded.
Earlier on Wednesday, the global lender expressed concern that despite Nigeria’s recent economic stabilisation efforts, about 139 million Nigerians are now living in poverty, warning that the country risks losing hard-won reform gains if policies are not translated into tangible improvements in citizens’ welfare.
The World Bank Country Director for Nigeria, Mathew Verghis, disclosed this at the launch of the October 2025 Nigeria Development Update titled, “From Policy to People: Bringing the Reform Gains Home.”
Verghis, in his address, commended Nigeria’s bold reforms in the exchange rate and petroleum subsidy regimes, describing them as “foundational” steps that could reshape the country’s long-term economic trajectory
“Over the last two years, Nigeria has commendably implemented bold reforms, notably around the exchange rate and the petrol subsidy. These are the foundations on which the country has the opportunity to build a programme that can transform its economic trajectory,” he said.
He likened the current reform window to the historic policy shifts seen in countries like India in the early 1990s, noting that such rare opportunities must be seized decisively or risk being lost.
According to him, the reforms are already yielding results, growth is picking up, revenues have risen, debt indicators are improving, the foreign exchange market is stabilising, reserves are climbing, and inflation is gradually easing.
“These results are exactly what you need to see in a stabilisation phase. These are big achievements, and many countries would envy them,” he noted.
However, the World Bank chief cautioned that these macroeconomic improvements had yet to translate into improved living conditions for ordinary Nigerians.
“Despite these stabilisation gains, many households are still struggling with eroded purchasing power. Poverty, which began to rise in 2019 due to policy missteps and external shocks such as COVID-19, has continued to increase even after the reforms. In 2025, we estimate that 139 million Nigerians live in poverty,” he revealed.
The new figure indicates a sharp increase from 129 million recorded in April 2025 and 87 million in 2023, reflecting the deepening hardship among households despite ongoing economic reforms.
Two persons sustained gunshot injuries on Wednesday during an attempted arrest by police officers at the River Niger Head Bridge, Onitsha, Anambra State, causing panic and disrupting vehicular and pedestrian movement in the area.
The incident, which occurred around noon, caused gridlock along the busy Onitsha-Awka Expressway, as a confrontation reportedly broke out between the security operatives and some hoodlums.
Eyewitnesses near the scene said the victims were shot during the confrontation and later became unconscious before they were rushed to a nearby hospital.
One of the sources said, “The incident occurred this afternoon. It arose from a confrontation between the police officers and the victims. They were being stopped by the officers for questioning. In an attempt to arrest them, they resisted the arrest and the police fired some shots at them.
“The incident resulted in heavy skirmishes around the Bridgehead Market as people scampered to safety. The area remained in chaos until the arrival of another batch of police team. The victims were later rushed to a nearby hospital.”
Confirming the incident, the spokesperson for the Anambra State Police Command, SP Tochukwu Ikenga, said the incident occurred when the suspects allegedly resisted arrest, resulting in gunshot injuries.
Ikenga said the Commissioner of Police, Nnanna Oji Ama, had visited the scene and addressed the crowd, adding that an investigation had commenced to ascertain the circumstances surrounding the incident.
According to him, the CP subsequently visited the victims at the hospital, where he assured them of the command’s support and pledged to personally ensure that their medical expenses were covered.
He said, “The Commissioner of Police, Anambra State Command, CP Nnanna Oji, while addressing the crowd in Onitsha over the incident arising from a confrontation during an attempted arrest, stated that the immediate priority of the Command is to ensure that the victims recover fully.
“The incident occurred when suspects allegedly resisted arrest, resulting in gunshot injuries. The Commissioner of Police subsequently visited the victims at the hospital, where he assured them of the Command’s support and pledged to personally ensure that their medical expenses are covered.
“The CP further ordered a thorough and impartial investigation into the circumstances surrounding the incident, particularly the events leading to the discharge of the firearm.
“He stressed that the investigation will establish the facts and ensure that appropriate action is taken based on its findings.
“The Commissioner of Police appealed for calm and urged members of the public to remain peaceful and allow the investigation to run its course.”
Ikenga reiterated the command’s commitment to professionalism, accountability, respect for human life and the rule of law.
“Meanwhile, traffic and human movement around the Head Bridge area have been de-escalated, with free flow of vehicular and human movement now restored,” he added.
Three churches in Lagos State have been shut down by the Lagos State Environmental Protection Agency (LASEPA) over noise pollution as part of an enforcement exercise targeting 11 establishments in Agege and Mushin.
The affected churches are Holy Temple of Christ on Ayetoro Street, behind NIPCO Filling Station, Mushin; Christ Covenant Gospel Church, Western District, along Ikorodu Road, Fadeyi, Mushin; and Christ Apostolic Church, Oye Iyanu, located at Mushin Road, Church Bus Stop, Itire.
LASEPA carried out the enforcement operation on Tuesday after the affected establishments had received warnings and notices over environmental violations.
The agency said the establishments were given opportunities to correct the problems but failed to meet the required standards.
The shutdown of the three churches was linked to noise pollution, with the agency maintaining that religious activities and other operations must comply with environmental regulations to protect residents and maintain peace within communities.
LASEPA also sealed Akorohunfayo Central Mosque on Akorohunfayo Street, Fadeyi, Mushin, over noise pollution.
Other establishments affected included Biolarique Bakery Academy on Mushin Road, Mushin, which was sealed for failing to comply with the agency’s directives.
Tiles & Marbles on Silver Street, Olorunsogo, Mushin, was also shut over air pollution.
Five scrap yards operating in Agege and Mushin were equally sealed.
The facilities were accused of various environmental offences, including failure to provide evidence of an E-Waste Permit, environmental pollution and non-compliance with directives issued by LASEPA.
The affected scrap yards are Abubakar Scrap at Pipeline, Ifako-Ijaiye, Agege; Benjamin Scrap Yard on Ladoje Street, Oko Oba, Agege; Starlas and Sons Scrap Yard, also on Ladoje Street, Oko Oba, Agege; Jamin Scrap Yard at Jungle Bus Stop, Iju Road, Agege; and a Scrap Yard on Olu Aina Street, Daleko, Mushin.
LASEPA General Manager, Dr Babatunde Ajayi, said the agency would continue to monitor establishments across Lagos and enforce environmental regulations where operators fail to comply.
He urged religious organisations, business owners, facility operators, scrap dealers and other residents to obtain the necessary permits, follow environmental rules and take steps to prevent activities that could affect public health or the wellbeing of people living around their facilities.
The agency said further monitoring and enforcement exercises would continue across Lagos as part of efforts to maintain a cleaner and safer environment.
Governor Peter Mbah of Enugu State has approved the appointment of 23 Special Advisers and Senior Special Assistants to support his administration in various areas of governance.
The appointments, contained in a Public Service Announcement signed by the Secretary to the Enugu State Government, Prof. Chidiebere Onyia, on Wednesday, August 19, 2026, take effect immediately.
Nine of the appointees were appointed Special Advisers, while 14 were appointed Senior Special Assistants.
Among those appointed as Special Advisers are Hon. Chukwudi Ezinwa, Labour Union and Association Matters; Hon. Sunday Nnamani (Orlando), Special Duties; Mr. Williams Chukwu, Agriculture; Prince Afam Agana, Infrastructure Compliance; and Humphrey Onyima, Investment Strategy and Public Relations.
Others are Hon. Tony Ugwu, Rural Development; Chief Ernest Nweze, Party Coordination and Mobilisation; Hon. Emeka Onunze, Monitoring and Evaluation; and Mr. Robinson Odo (mni), Labour and Productivity.
Those appointed as Senior Special Assistants include Pastor Kenneth Asogwa (Ebube Muonso), Heritage and Community Relations; Pastor Tochukwu Ogbodo, Social Engagement; Barr. Lucky Chukwu, Public Affairs; Belonwu Nnaji, Cultural Orientation; and Hon. Steve Odo, Tourism.
Also appointed are Hon. Francis Ikewette Ede, Public Communication; Mr. Sunny Okafor, General Duties; Hon. Chinedu Okwu Otaka, Social Orientation and Mobilisation; Otaba Cosmas Ikechukwu, Protection of Public Utilities; Pius Okeagu, Assets Management; and Rt. Hon. Innocent Emeka Ugwu, Inter-Party Affairs.
The remaining appointees are Mrs. Eucharia Offor, Human Resource Management; Mr. Kenneth Oforma, Policy and Communication; and Kelvin Ede, Research and Strategy.
The state government said the appointments are effective immediately.
The new appointments are expected to strengthen the administration’s capacity across key sectors, including agriculture, infrastructure, investment, labour, rural development, public communication, tourism, human resources and community relations.
The full statement:
ENUGU STATE GOVERNMENT
OFFICE OF THE SECRETARY TO THE STATE GOVERNMENT
PUBLIC SERVICE ANNOUNCEMENT
The Governor of Enugu State, His Excellency, Dr. Peter Ndubuisi Mbah, has approved the appointment of the following persons as Special Advisers (SPAs) and Senior Special Assistants (SSAs):
1. *Hon. Chukwudi Ezinwa* — Special Adviser on Labour Union and Association Matters
2. *Hon. Sunday Nnamani (Orlando)* — Special Adviser on Special Duties
3. *Mr. Williams Chukwu* — Special Adviser on Agriculture
4. *Prince Afam Agana* — Special Adviser on Infrastructure Compliance
5. *Humphrey Onyima* — Special Adviser on Investment Strategy and Public Relations
6. *Hon. Tony Ugwu* — Special Adviser on Rural Development
7. *Chief Ernest Nweze* — Special Adviser on Party Coordination and Mobilisation
8. *Hon. Emeka Onunze* — Special Adviser on Monitoring and Evaluation
9. *Mr. Robinson Odo (mni) — Special Adviser on Labour and Productivity*
10. *Pastor Kenneth Asogwa (Ebube Muonso)* — Senior Special Assistant on Heritage and Community Relations
11. *Pastor Tochukwu Ogbodo* — Senior Special Assistant on Social Engagement
12. *Barr. Lucky Chukwu* — Senior Special Assistant on Public Affairs
13. *Belonwu Nnaji* — Senior Special Assistant on Cultural Orientation
14. *Hon. Steve Odo* — Senior Special Assistant on Tourism
15. *Hon. Francis Ikewette Ede* — Senior Special Assistant on Public Communication
16. *Mr. Sunny Okafor* — Senior Special Assistant on General Duties
17. *Hon. Chinedu Okwu Otaka* — Senior Special Assistant on Social Orientation and Mobilisation
18. *Otaba Cosmas Ikechukwu* — Senior Special Assistant on Protection of Public Utilities
19. *Pius Okeagu* — Senior Special Assistant on Assets Management
20. *Rt. Hon. Innocent Emeka Ugwu* — Senior Special Assistant on Inter-Party Affairs
21. *Mrs. Eucharia Offor* — Senior Special Assistant on Human Resource Management
22. *Mr. Kenneth Oforma* — Senior Special Assistant on Policy and Communication
23. *Kelvin Ede — Senior Special Assistant on Research and Strategy*
The appointments take effect immediately.
Signed:
Prof. Chidiebere Onyia
Secretary to the Enugu State Government
Wednesday, 19th August, 2026
-
News16 hours agoBREAKING: Gunmen attack Adeleke’s convoy in Osogbo shortly after receiving Certificate of Return
-
International20 hours ago
Canada invites 1,000 candidates to apply for permanent residence
-
Uncategorized20 hours ago
2027: Obi unfolds agenda as campaigns begin
-
News1 day ago
Why I won’t apologise to Okpebholo — Davido
-
News1 day ago
Access Bank asks court to recover N1.3bn stolen by Yahoo Boys
-
News18 hours ago
Even if Tinubu appoints Seyi as INEC chairman, he’ll be defeated in 2027 — Dalung
-
News14 hours ago
Two shot as police attempt to arrest suspects in Anambra
-
News1 day ago
NDLEA busts cocaine cartel, arrests social media influencer KC Luxury in Lagos
