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Investor Presentaiton

HIGH INFLATION MEANS THAT MORE NIGERIANS BECAME POOR Not only did poverty increase, but food insecurity rose too Inflation pushed an estimated 4 million more Nigerians into poverty in the first 5 months of 2023... Number of poor people (millions) 95 90 90 4 million additional Nigerians falling into poverty 4 ...and average prices of locally produced staples have increased faster than average inflation What does N1000 buy? April 2022 April 2023 Yam 1.7 tubers 0.9 tuber 85 55 Bread 2.3 loaves 1.8 loaves 80 89.8 89.8 75 70 Start of 2023 Kerosene 1.7 liters May 2023 K PE Pá K NIGERIA Source: World Bank estimates based on NBS data THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP Source: NBS 0.9 liter K 10

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