Publication: A Better Future for All Nigerians: Nigeria Poverty Assessment 2022
Loading...
Date
2022
ISSN
Published
2022
Author(s)
Editor(s)
Abstract
This poverty assessment lays out the broad development challenges that Nigeria faces, which constrain the country’s poverty reduction. The discussion provides the backdrop for the detailed analysis presented in later parts of the report. First, the introductory section links Nigeria’s macroeconomic performance with its prospects for poverty reduction, emphasizing that the country may be struggling to stimulate inclusive growth: that is, growth that would benefit Nigerians across the welfare distribution. Second, the section examines the proliferating climate and conflict shocks that Nigeria faces, which further complicate poverty reduction. Third, the section describes how the “double shock” of COVID-19 has affected Nigeria, through both health and economic impacts and discusses the recent acceleration in inflation. Finally, this introduction considers Nigeria’s data landscape, explaining how new microdata offer vital insights into the country’s pathways out of poverty.
Link to Data Set
Citation
“World Bank. 2022. A Better Future for All Nigerians: Nigeria Poverty Assessment 2022. © World Bank. http://hdl.handle.net/10986/37295 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Impact of COVID-19 on Financial Reporting in Latin America and the Caribbean(Washington, DC:, 2022)The COVID-19 pandemic represents the largest economic shock the world economy has witnessed in decades, causing a collapse in global activity. Nevertheless, there are signs that global activities are stabilizing, and have picked up in many large emerging markets and developing economies (EMDEs). Global growth is set to reach 5.6 percent in 2021, however, growth will be uneven and concentrated in a few major economies, with most of the EMDEs lagging behind. The Latin America and the Caribbean (LAC) region has been one the most severely affected in economic and social terms. Its estimated decline in GDP exceeds both that of advanced and developing economies. This study on the impact of COVID-19 on financial reporting in LAC was conducted with the following objectives: (i) Analyze whether the financial impact of COVID-19 is reflected in the financial reports of a sample of countries of the LAC region; (ii) assess whether the balance sheet of the countries included in the sample can convey the long-term fiscal sustainability of the government, reflecting the fiscal risks associated with the financial performance and financial position of the government in the context of the COVID-19 pandemic; and (iii) determine whether the notes to the financial statements are being used to present the financial information in a transparent manner by explaining materially large figures and significant changes caused by the COVID-19 pandemic.Publication Ethiopia Local Economic Development (LED) Pilot Report(Washington, DC: World Bank, 2025-03-05)The Ethiopia Local Economic Development (LED) Pilot in Kebri Beyah Woreda, implemented from February 2023 to December 2024, aimed to move beyond traditional fragmented economic development to foster a collaborative and integrated ecosystem for economic growth at the woreda level in Ethiopia. The pilot was conceptualized as part of a broader effort to operationalize recommendations from a 2023 World Bank paper on LED in Ethiopia aimed at accelerating local economic growth and inclusive post-COVID-19 recovery, particularly in refugee-hosting areas. The pilot, a collaboration between the World Bank, the Ministry of Agriculture’s Development Response to Displacement Impacts Project (DRDIP), and the Kebri Beyah woreda government, sought to improve coordination among various LED actors by establishing a multistakeholder institutional platform for continued coordination on woreda-level LED and by fostering sustainable livelihood activities for communities and refugees living in Kebri Beyah. The LED pilot provided the opportunity to test and refine the transformative LED approach in Ethiopia for the first time. This report captures and shares the methodologies - including the operational toolkit, best practices, and lessons learned from the pilot project, and additionally details proven approaches for improving coordination among LED partners, establishing effective public-private partnerships, enhancing last-mile service delivery, and increasing access to finance for local Ethiopian communities. Moving forward, this pilot report can be used as a reference document to guide subsequent replication and scale-up of the transformative LED approach, which has the potential to significantly enhance sustainable and inclusive economic growth in Ethiopia.Publication Europe and Central Asia Economic Update, Fall 2021(Washington, DC: World Bank, 2021-10-05)Although global economic activity is recovering and output in Europe and Central Asia (ECA) is expected to grow in 2021, containing COVID-19 remains a challenge in the region. Enterprise survey data for the emerging and developing countries in the region show that COVID-19 had a profound and heterogeneous impact on firms. Smaller, younger, and female-run businesses were hit harder and had greater difficulty recovering. But the crisis also played a cleansing role and economic activity in ECA appears to have been reallocated toward more productive firms during the crisis, particularly in countries with more competitive markets. Firms with high pre-crisis labor productivity experienced significantly smaller drops in sales and employment than firms with low pre-crisis labor productivity and were also more likely to adapt to the crisis by increasing online activity and remote work. Many governments in ECA implemented broad policy support schemes to address the initial economic fallout from the crisis. Overall, this government support was more likely to go to less productive and larger firms, regardless of the level of their pre-crisis innovation. As economies enter the economic recovery phase, it will be important for policy makers in all countries to phase out broad policy support measures as soon as appropriate and focus on fostering a competitive business environment, which is key to a strong recovery, resilience to future crises, and sustainable, long-term economic growth.Publication Vietnam Macro Monitoring, December 2022(World Bank, 2022-12)This brief discusses the economic development of Vietnam for the month of December 2022.The two drivers of economic growth, exports and domestic demand, are moderating. Softer external demand has weighed on Vietnam’s exports. The post-covid consumption rebound also appears to be fading and tighter domestic financial conditions and rising inflation could affect domestic demand going forward. Reflecting weaker external demand, growth of industrial production moderated to 5.3 percent (y/y) in November, the lowest rate since February 2022. CPI inflation reached 4.4 percent (y/y) in November, compared to 4.3 percent recorded a month earlier, with food and housing being two major contributors. Credit growth fell from 16.5 percent (y/y) in October to 15.0 percent (y/y) in November as domestic financial conditions tightened after the State Bank of Vietnam raised key policy interest rates in September and October. The Vietnamese dong gained slightly in value in November 2022 although the dong’s appreciation is one of the smallest compared to major currencies and currencies of its neighbors. As of end November, the national budget registered a 12.1 billion surplus (about 3 percent of GDP). With global financing conditions expected to remain tight and weakening external demand, Vietnamese monetary authorities could consider allowing further flexibility in the exchange rate to absorb changes in the external environment. Fiscal and monetary policy coordination will be critical to ensure price stability in light of accelerating domestic core inflation. A more prudent and prioritized expenditure strategy could focus on ensuring investments in human capital and resilient and green infrastructure to help bolster economic potential and resilience.Publication Senegal Economic Update, December 2014 : Learning from the Past for a Better Future(Washington, DC, 2014-12)Gross domestic product (GDP) growth was a disappointing 3.5 percent in 2013. It remained largely unchanged compared to 2012, reflecting a decline in cereal production and stagnation in the industrial sector. Services continue to drive the economy. The economic outlook for 2014 was more positive, but poor rainfall and the Ebola outbreak have forced downward revisions in GDP growth projections, now expected to reach 4.5 percent. The plan Senegal emergent aims to break with this trend, with a welcome focus on higher economic growth. However, its ambitions may exceed available resources and will likely depend on accelerated reforms and a strong private sector response. This first economic update begins with an overview of the macroeconomic situation in Senegal, starting with a review of 2013 before examining the initial results of 2014. After a brief look at the challenges posed by unemployment and poverty, the report turns to an assessment of the growth strategy. It presents analysis of past performance since 1990 in order to understand better what needs to be done differently. The report concludes with a few recommendations.
Users also downloaded
Showing related downloaded files
Publication Lebanon Economic Monitor, Fall 2022(Washington, DC, 2022-11)The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon’s economy, the Lebanese Pound continues to depreciate sharply. The sharp deterioration in the currency continues to drive surging inflation, in triple digits since July 2020, impacting the poor and vulnerable the most. An unprecedented institutional vacuum will likely further delay any agreement on crisis resolution and much needed reforms; this includes prior actions as part of the April 2022 International Monetary Fund (IMF) staff-level agreement (SLA). Divergent views among key stakeholders on how to distribute the financial losses remains the main bottleneck for reaching an agreement on a comprehensive reform agenda. Lebanon needs to urgently adopt a domestic, equitable, and comprehensive solution that is predicated on: (i) addressing upfront the balance sheet impairments, (ii) restoring liquidity, and (iii) adhering to sound global practices of bail-in solutions based on a hierarchy of creditors (starting with banks’ shareholders) that protects small depositors.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.Publication Classroom Assessment to Support Foundational Literacy(Washington, DC: World Bank, 2025-03-21)This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.Publication World Development Report 2006(Washington, DC, 2005)This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.Publication The Journey Ahead(Washington, DC: World Bank, 2024-10-31)The Journey Ahead: Supporting Successful Migration in Europe and Central Asia provides an in-depth analysis of international migration in Europe and Central Asia (ECA) and the implications for policy making. By identifying challenges and opportunities associated with migration in the region, it aims to inform a more nuanced, evidencebased debate on the costs and benefits of cross-border mobility. Using data-driven insights and new analysis, the report shows that migration has been an engine of prosperity and has helped address some of ECA’s demographic and socioeconomic disparities. Yet, migration’s full economic potential remains untapped. The report identifies multiple barriers keeping migration from achieving its full potential. Crucially, it argues that policies in both origin and destination countries can help maximize the development impacts of migration and effectively manage the economic, social, and political costs. Drawing from a wide range of literature, country experiences, and novel analysis, The Journey Ahead presents actionable policy options to enhance the benefits of migration for destination and origin countries and migrants themselves. Some measures can be taken unilaterally by countries, whereas others require close bilateral or regional coordination. The recommendations are tailored to different types of migration— forced displacement as well as high-skilled and low-skilled economic migration—and from the perspectives of both sending and receiving countries. This report serves as a comprehensive resource for governments, development partners, and other stakeholders throughout Europe and Central Asia, where the richness and diversity of migration experiences provide valuable insights for policy makers in other regions of the world.