World Bank warns Nigerians to expect tougher months ahead
by TrendFlow
on April 11, 2022 • 11:11 am50
SHOW LOVE BY SHARING ⬇️👇
The World Bank has predicted tougher months ahead as household real disposable incomes in Nigeria are expected to face an “exceptional squeeze”.
Shubham Chaudhuri, the World Bank country director for Nigeria who disclosed this in Abuja indicated that the COVID-19 crisis in the country exacerbated pre-existing structural distortions (including trade distortions, such as 2019’s border closure), which were already driving up prices and eroding purchasing power before the pandemic.
“This in turn explains the near-stagnation in household real disposable incomes that have preceded the exceptional squeeze expected this year,” Chaudhuri said.
“However, the extent to which the ongoing Russia-Ukraine war would drive the economy further into poverty as well as permanently making it less productive is still unknown,” he added.
Read also: World Bank bans Nigeria’s tech firm, MD from its contracts over bribery
The World Bank, in its latest report titled ‘Nigeria Poverty Assessment 2022’, said many primary effects of the pandemic had been more economic-related rather than health-related, partly due to Nigeria’s pre-crisis conditions.
“In the more recent stages of the Covid-19 crisis, even though economic activity began to recover, inflation started to accelerate especially for food items that are crucial for consumption among the poor and vulnerable,” it said.
The post World Bank warns Nigerians to expect tougher months ahead appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
DON'T FORGET TO SHOW LOVE BY SHARING ⬇️👇
habibarh
- May 9, 2022 at 9:57 amSeen
isaiah163
- May 8, 2022 at 5:06 pmNice
Mubaraklag
- May 5, 2022 at 12:54 amUnpleasant
Esther344
- Apr 18, 2022 at 10:30 pmK
afeezhamzat
- Apr 18, 2022 at 7:55 amGod save us
Chinecherem74
- Apr 18, 2022 at 1:02 amHmm
Pizzypen
- Apr 17, 2022 at 6:56 pm🤔
Adanne
- Apr 17, 2022 at 3:09 ammay God help us
Sarah2
- Apr 15, 2022 at 4:19 amOK
Wilsonbaze33
- Apr 13, 2022 at 2:20 pmNigeria 🇳🇬 done get nickname ooh my God
Olubunmi
- Apr 13, 2022 at 11:51 amGod will sustain us
Ekaybobo
- Apr 13, 2022 at 12:31 amOk
Naira3467
- Apr 12, 2022 at 9:21 pmK
Ayo1
- Apr 12, 2022 at 12:31 pmHelp
Oluwagbemiga
- Apr 12, 2022 at 11:58 amHmmmm
May God help
Sammy550
- Apr 12, 2022 at 11:43 amOk
P1A2U3L4
- Apr 12, 2022 at 10:33 amLols
faithfat
- Apr 12, 2022 at 10:19 amOk
Olagunju Funmilayo Grace
- Apr 12, 2022 at 6:58 amOk
Dylan Rooney
- Apr 12, 2022 at 3:24 amView
Mrsbimps
- Apr 12, 2022 at 1:22 amWe should oo
Emmynaija
- Apr 11, 2022 at 11:24 pmBut was ooo did anyone offend Nigeria because the suffering is what one cannot talk for long🤔
Basit886
- Apr 11, 2022 at 7:40 pmWahala
Nicky
- Apr 11, 2022 at 7:14 pmSeen
Wilson
- Apr 11, 2022 at 5:58 pmOk
Kjlo
- Apr 11, 2022 at 5:22 pmSeen
essentials
- Apr 11, 2022 at 5:00 pmGod will help us out
Laya
- Apr 11, 2022 at 4:45 pmSeen seen
Keylajk
- Apr 11, 2022 at 4:30 pmSeen
Kaykayakilo
- Apr 11, 2022 at 4:11 pmSeen seen
Danjikilo
- Apr 11, 2022 at 3:56 pmSeen
Alexander1111
- Apr 11, 2022 at 3:12 pmHmmmmm this kind news weak me …. With God on our side…. We are saved
Jilabokilo
- Apr 11, 2022 at 2:53 pmSeen
Anonymous
- Apr 11, 2022 at 2:47 pmOk
Naddankilo
- Apr 11, 2022 at 2:36 pmSeen
Akilomani
- Apr 11, 2022 at 2:22 pmSeen seen
moses625
- Apr 11, 2022 at 2:20 pmOkay
Ynnekkia
- Apr 11, 2022 at 2:07 pmSeen
Akilok
- Apr 11, 2022 at 1:54 pmSeen
Kekeki
- Apr 11, 2022 at 1:43 pmSeen
Hindeniel
- Apr 11, 2022 at 1:23 pmSeen
Anaebo chinenye vivian
- Apr 11, 2022 at 1:07 pmOk
Emmyshem
- Apr 11, 2022 at 12:49 pmCorrect
Kilodany
- Apr 11, 2022 at 12:48 pmSeen
Boluwatifegold
- Apr 11, 2022 at 12:45 pmReally
Folukemi1234
- Apr 11, 2022 at 12:45 pmGodforbid
Ehisdeakill
- Apr 11, 2022 at 12:25 pmSeen
Dekeakilo
- Apr 11, 2022 at 12:21 pmSeen seen
folorunsho10
- Apr 11, 2022 at 12:02 pmOk
Sirkrisd
- Apr 11, 2022 at 11:36 ammay God help us in dis tough situation
« | »
Looking for something? Search below
Home | Recent Posts | Pages
Useful Links
Information
Connect With Us
Copyright © 2021 - www.trendflow.com.ng