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.
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