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Investor Presentaiton

THE NEAR-TERM ADDED PRESSURE ON HOUSEHOLD FINANCES MAKES IT CRITICAL TO ACCOMPANY THE REFORMS WITH A SOCIAL COMPACT Including temporary cash transfers to help shield poor and vulnerable households. The current coverage of social protection programs (SPPs) is low at 19 percent of the population 7.1M additional Nigerians would be pushed into poverty by inflation in the absence of any compensation Expected income loss per month per household 20,000 Economically insecure Others 18,000 16,000 14,000 12,000 10,000 Poor 8,000 6,000 4,000 2,000 0 1 2 3 456 Consumption deciles 7 8 9 10 INVEST in a social protection system that can provide timely, targeted and temporary support to HHs experiencing a shock (like the increase in PMS prices due to subsidy removal) . Currently: Nigeria spends only 0.7% percent of GDP on social safety nets (SSA: 1.2%) 19% of the population covered (SSA: 25%) Social benefits: • Human capital investment Education outcomes Health outcomes Economic benefits: Trust in the government Support for and therefore sustainability of reform efforts NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP Source: 2018/19 NLSS and World Bank estimates. 30 30
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