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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.
…Stakeholders, community leaders queue behind Mbah, Tinubu, APC candidates
The tour of the 17 Local Government Areas (LGA) of Enugu State by the G-17 For Peter Mbah, a grassroots political mobilization group, came to a historic and colourful conclusion, weekend, as political leaders, party stakeholders, community leaders and teeming supporters trouped out in their thousands for the grand finale.
The event, which took place at the Nkanu East Local Government headquarters, Amagunze, also marked the conclusion of the inauguration of the movement’s 17 Local Government Executives, 260 Ward Executives and Polling Unit Canvassers across Enugu State.
Speaking at the event, Chairman of Nkanu East Local Government Council, Hon. Okechukwu Edeh, described G-17 as a foremost political support group in Enugu State, commending what he described as the group’s unmatched record of grassroots mobilization and candidates’ delivery.
Hon. Edeh, who doubles as the Chairman of the Association of Local Governments of Nigeria, ALGON, Enugu State, disclosed that all 17 Council Chairmamen in the state had embraced G-17’s model of mobilisation and assured that both himself and his successor would continue working closely with the movement to secure Governor Peter Ndubuisi Mbah’s reelection.
“As ALGON Chairman in Enugu State, I can confidently say G-17 has distinguished itself as a premier grassroots political support group in Enugu State. The structure, discipline and organisation we have witnessed across the 17 LGAs are remarkable.
“I will hand over office in September, but I will not hand over my commitment to Governor Peter Mbah. Together with my successor, we shall continue working with G-17 to ensure that Nkanu East exceeds the votes recorded in the 2023 election and delivers Governor Peter Ndubuisi Mbah, President Bola Ahmed Tinubu and all APC candidates come 2027,” he declared.
Citing Mbah’s numerous achievements in just three years, Hon. Edeh assured that Nkanu East had already lined up behind their performing governor and son.
“Nkanu East has already been converted. Nobody needs to tell us to vote for our performing son. We are prepared, we are waiting and we shall reward him with overwhelming votes,” he said.
He further revealed that Governor Peter Mbah’s transformational leadership inspired his own administration to embark on landmark projects, including the ongoing 200,000-capacity ultra-modern civic hall, over 13 kilometres of road, the completion of the Ugbawka-Nara Bridge, and several development projects spread across the 14 political wards of the local government.
In his remarks, Member representing Nkanu East State Constituency, Hon. Okey Mbah, described Governor Peter Mbah as the best Governor around and commended the Convener and BOT Chairman of G-17, Chief Chinedu Mbah, and his team for setting up a genuine and organic grassroots mobilisation for the governor’s reelection.
The APC Chairmanship Candidate for Nkanu East LGA, Engr. Mike Ogbuekwe, thanked the Convener for restoring G-17 to its original vision and purpose.
“The movement has returned to the hands of those who understand its purpose. What I have seen today confirms that G-17 is a truly grassroots-based political structure. I assure you that when elected, my administration will work closely with G-17 to ensure total victory for APC in 2027,” he pledged.
Also speaking, the Personal Assistant to the Governor of Enugu State and President of Tomorrow Is Here Movement (THM), Tony Okonkwo, commended G-17’s leadership for what he described as excellent grassroots political engineering.
“What G-17 is doing is commendable. Looking at this structure, I am convinced that the victory of APC candidates in 2027 is already assured.”
The Enugu State APC Chairman, Dr. Martin Chukwunweike, represented by the State Organising Secretary, Engr. Onyi Odibe; Deputy State Chairman, Peace Patrick; State Woman Leader, Mrs. Esther Edeh; and the South-East APC Women Leader, Dr. Oby Ajih, among others, commended leaders of G-17 for the great job done, saying Enugu is now eager to vote Mbah and APC back into power come 2027.
Delivering the keynote address, the Convener, Chief Chinedu Mbah, reminded the newly inaugurated executives that their inauguration represented a call to service rather than a ceremonial event.
“You have accepted responsibility. Your assignment begins immediately. Move from polling unit to polling unit, ward to ward and community to community, informing our people about the achievements of Governor Peter Mbah and President Bola Ahmed Tinubu. Victory is built from the grassroots,” he charged them.
The ceremony climaxed with the inauguration of the Nkanu East Local Government Executives, Ward Executives and Polling Unit Canvassers, who pledged to immediately commence intensive grassroots mobilisation across the 14 political wards of Nkanu East in preparation for the 2027 general election.
• One casualty recorded, three hospitalized
The Anambra State Government has sealed the site of the collapsed building at Oko in Orumba North Local Government Area of the state.
Commissioner for Physical Planning and Urban Development, Barr. Chijioke Ojukwu announced immediate closure of the site pending comprehensive investigations and structural integrity assessments.
He said preliminary findings indicated structural failure as the likely cause of the collapse.
While reaffirming government commitment to stricter enforcement of physical planning regulations and the elimination of unsafe construction practices, Ojukwu vowed that the incident would mark a turning point in enforcement of building regulations across the state.
He assured that owners and developers of defective or non-compliant structures would face sanctions, while ongoing projects would undergo stricter inspections.
On his part, Commissioner for Works, Arc. Okey Ezeobi, said technical investigations were ongoing to determine exact cause of the collapse.
He added that government had engaged a team of professionals to carry out a comprehensive structural evaluation.
Recommendations will be implemented
He assured residents that government would implement recommendations from the investigation to strengthen the state’s building control system.
Implementation will also prevent future occurrences while ensuring prosecution of culprits in accordance with the law.
The Commissioner for Health, Dr. Afam Obidike, said government immediately deployed medical personnel and ambulances to the scene to provide emergency care for the injured, while the Ministry of Health worked closely with other emergency response agencies throughout the rescue operation.
Obidike commended the swift and coordinated response of the Anambra State Government and emergency agencies, describing it as crucial to the rescue efforts and timely medical treatment of victims.
The Mayor of Orumba North Local Government Area, Rtd. Captain. Casmir Nwafor, praised the rapid intervention of the state government and emergency responders, noting that their coordinated efforts helped contain the situation and minimize further risks.
Nwafor urged developers, property owners, institutions, and residents to comply strictly with approved building regulations and safety standards, reaffirming the local government’s support for the enforcement of physical planning laws.
Running to safety
Eyewitnesses, Prince Ifeanyi Ezefunamba said the building, reportedly occupied by students of Federal Polytechnic Oko, collapsed at about 10:00 p.m. after occupants heard cracking sounds and evacuated.
One survivor, Miss Chioma Akabike narrowly escaped moments before the collapse, while rescue operations commenced immediately.
Also present during the inspection were officials of the National Emergency Management Agency (NEMA) headed by the Enugu State Head of Operations, Mrs. Priscilla Mbaekwe, the Nigeria Police Force, the Nigerian Red Cross Society, and the Anambra State Emergency Management Agency (SEMA).
Others include: the Anambra State Fire Service, and the Council for the Regulation of Engineering in Nigeria (COREN), who participated in rescue, security, and preliminary technical assessments.
As of the time of filing this report, one fatality had been confirmed, while three injured victims were receiving treatment at Chukwuemeka Odumegwu Ojukwu University Teaching Hospital (COOUTH) and St. Michael’s Hospital, Oko, as rescue operations continued.
The Minister of State for Petroleum Resources (Gas), Rt. Hon. Obongemem Ekperikpe Ekpo, on Saturday commended the Nigerian Content Development and Monitoring Board (NCDMB) for demonstrating that Local Content Policy could be a force for transforming lives and creating socio-economic value through community-focused interventions.
Speaking at the commissioning of a state-of-the-art Information and Communication Technology (ICT) Centre at IkaComprehensive High School, Ikot Akpan Anwa, Akwa Ibom State, the Minister said such a strategic investment in the area, with vast possibilities for research and online learning through diverse educational platforms, would bolster human capital development, digital literacy and sustainable community development.
The ICT Centre, built and equipped by the NCDMB, comprises a modern computer laboratory with 50 networked desktop workstations, an interactive smart board, projector, server room and Starlink high-speed Internet connectivity to support digital learning, research and computer-based examinations. Designed to accommodate up to 70 users, the facility also features air-conditioned learning spaces, a staff room, store and separate convenience facilities. Power reliability is supported by a 15kVA generator and a 15kVA solar power system with battery backup, complemented by a dedicated network infrastructure for seamless connectivity.
“This ICT Centre,” according to the Minister, “is far more than a building equipped with computers; it is an investment in the future of our children and a gateway to knowledge, innovation, creativity and opportunity.” Continuing, he noted that, “Nations that invest in the digital education of their young people today are the ones that will lead the world tomorrow.”
He said the initiative of the Board aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu by advancing access to quality education, youth empowerment, digital transformation and inclusive economic growth, as young Nigerians in rural communities acquire relevant digital skills and competencies to participate effectively in a technology-driven economy.
Representing the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, the Director, Corporate Services, Dr. Abdulmalik Halilu, stated that digital literacy and ICT capacity development remain a key component of the Board’s human capital development mandate aimed at building a skilled workforce for the Nigerian oil and gas industry and the broader economy. He noted that the facility would provide students with access to digital learning, research tools, artificial intelligence and global knowledge resources.
“This ICT Centre is more than a building; it is an investment in the future of our young people,” he stated, adding, “It represents our commitment to extending Nigerian Content objectives beyond industry into classrooms, where innovation, technology and skills development can empower the next generation.”
Halilu stressed that the project’s long-term success depends on collaboration among the Board, the school and the host community. He urged the community to take ownership of the facility and ensure its proper maintenance and sustainability for future generations.
“Our expectation is not simply to hand over a facility but to see measurable outcomes in the lives of the students who will use it. We therefore call on the school and the host community to safeguard this centre and ensure it continues to deliver value for many years to come.” He added.
Speaking on behalf of the project delivery team, the Managing Director of Standard Institute of Technology Limited, Engr. Alexander Nsidibe, expressed appreciation to NCDMB for the confidence placed in the company to deliver the project. He described the ICT Centre as a demonstration of the Board’s commitment to quality infrastructure development and human capital advancement. He pledged the company’s continued support for the facility’s maintenance for one year after handover, noting that the Centre would enhance students’ digital competencies and prepare them for productive life in industry.
In her welcome address, the Principal General of IkaComprehensive High School, Mrs. Nkom John Umoette, described the ICT Centre as a transformative intervention that would bridge existing digital access gaps. She noted that the school lacked an ICT facility, which constrained students’ exposure to digital learning and computer-based education.
She expressed appreciation to Rt. Hon. Ekpo and the NCDMB for making the project a reality, stating that the facility would equip students with essential digital skills, improve their preparedness for computer-based examinations, and create greater opportunities for academic excellence and future careers.
A representative of the community commended the Minister and the NCDMB for the delivery of the ICT Centre, noting that the facility would significantly improve access to digital learning and computer-based examinations. He recalled that students previously travelled to Uyo and neighbouring communities to register for and take examinations such as JAMB, incurring additional costs and facing logistical challenges.
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