Saturday, June 20, 2026

Nigeria Development Update

June 28, 2023

Richer Nigerians lost more purchasing power than poorer households: World Bank Report

“Nigeria’s inflation is currently one of the highest rates in Sub-Saharan Africa.

RICH NIGERIANS, POOR NIGERIANS
June 28, 2023

FG should begin large-scale cash transfers to poor Nigerians to reduce subsidy removal hardships: World Bank

Nigeria’s economic growth weakened, and real gross domestic product (GDP) growth fell from 3.3% in 2022 to 2.4% year-on-year (y-o-y) in Q1 2023.

President Bola Tinubu, Yemi Osinbajo distributing cash in the market