Turning the Corner: A New Compact between Nigeria's People and State

THE INTENSE COST OF LIVING PRESSURES HAVE INCREASED POVERTY Number of poor people in Nigeria Naira/ KG 1000 Naira/Litre Million 2021 #435 700 106 2022 #324 higher higher 104 104 900 600 2023 800 102 700 500 100 100 600 #238 higher 400 98 500 96 400 300 95 94 300 200 200 92 100 100 Petrol- 90 Maize Rice 2021 2022 2023 rhs NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP Source: NBS Source: World Bank's projections based on NLSS 2018-19 11 11

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