• About
  • Advertise
  • Contact
Friday, October 3, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Brace up for tougher months ahead – World Bank warns Nigerians

Vital News by Vital News
April 12, 2022
in Economy
0
Share on FacebookShare on Twitter

Abuja – The World Bank has predicted tougher months ahead as household real disposable incomes in Nigeria are expected to face an ‘exceptional squeeze’.

The World Bank’s Country Director for Nigeria, Shubham Chaudhuri, 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.

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.

RelatedStories

Gambari Urges Global Leaders To Act On Gulf Of Guinea Security To Unlock Africa’s Wealth

Why EFCC Must Unravel Alleged Financial Malfeasance, Misapplication In Yobe By Usman Machina

Economy Has Turned Around, There’s Light at The End Of The Tunnel – President Tinubu At Installation Of New Olubadan

Nigeria’s Rising Trade Surplus Shows Reforms Driving Real Diversification – TSF

“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 stated

Tags: bankmonthsTougherworld
Previous Post

Buhari orders release of 40,000 tons of grains to less privileged Nigerians

Next Post

Northern Elders ask Buhari to resign immediately over insecurity

Vital News

Vital News

RelatedStories

Gambari Urges Global Leaders To Act On Gulf Of Guinea Security To Unlock Africa’s Wealth
Economy

Gambari Urges Global Leaders To Act On Gulf Of Guinea Security To Unlock Africa’s Wealth

September 27, 2025
Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu
Crime

Why EFCC Must Unravel Alleged Financial Malfeasance, Misapplication In Yobe By Usman Machina

September 26, 2025
Economy Has Turned Around, There’s Light at The End Of The Tunnel – President Tinubu At Installation Of New Olubadan
Culture

Economy Has Turned Around, There’s Light at The End Of The Tunnel – President Tinubu At Installation Of New Olubadan

September 26, 2025
C-ISOWN Praises President Tinubu On Credible Delivery Of Social Welfare Programmes, Achievements In Nigeria
Economy

Nigeria’s Rising Trade Surplus Shows Reforms Driving Real Diversification – TSF

September 26, 2025
Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Business

Dangote Refinery Reviving Moribund Companies In Nigeria – Manufacturers

September 24, 2025
Next Post

Northern Elders ask Buhari to resign immediately over insecurity

Nigeria’s Crude Oil Production Dropped To 1.354m bpd In March – OPEC

We will accelerate social inclusion of older persons - NSCC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Gunmen burn 17 persons to death in Sokoto

4 years ago
Port Harcourt – Aba Train Service Takes Off With Free Ride

Port Harcourt – Aba Train Service Takes Off With Free Ride

1 year ago
Ademola Lookman Visits, Presents CAF Award To President Tinubu

Ademola Lookman Visits, Presents CAF Award To President Tinubu

4 months ago

JDPC Trains, Distributes Startup Kits To 72 Youths

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

Bandits Kidnap Police Officer In Kwara

Death Toll In Ibaji Boat Mishap Rises To 36

Arrest of 147 Terrorists In One Week, Confirms Tinubu Is Boosting Troops’ Morale – Group ‎

Fubara Sacks Commissioners, SSG, SAs, SSAs

2027 : Group Holds Awareness Walk In Kogi, Reaffirms Commitment To Vision, Leadership Of President Tinubu

Trending

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From  October 29
News

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29

by Vital News
October 2, 2025
0

The Kogi State Government says it will commence strict enforcement of ban on Zariagi, Osara and other...

Realnews Announces Theme, Date For It’s 13th Anniversary Lecture

October 2, 2025
Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji,  For Hard Work, Dedication

Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication

October 2, 2025
FG Cancels Independence Anniversary Parade

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

October 2, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Bandits Kidnap Police Officer In Kwara

October 2, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29 October 2, 2025
  • Realnews Announces Theme, Date For It’s 13th Anniversary Lecture October 2, 2025
  • Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication October 2, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In