Nigeria Poverty Assessment 2022 slide image

Nigeria Poverty Assessment 2022

POVERTY REDUCTION IN NIGERIA WAS STAGNATING EVEN BEFORE COVID-19, IN PART DUE TO THE STRUCTURE OF ECONOMIC GROWTH 50 Estimated poverty trends in Nigeria, 2010-2019 Poverty headcount rate (percent) 30 20 10 3425222515 40 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 -Back-cast ◆ Survey-to-survey imputation 2018/19 NLSS official poverty rate Note: Estimates exclude Borno. Poverty rate calculated using the international poverty line of 1.90 USD 2011 PPP per person per day. Further details on back-casting and survey-to-survey imputations provided in Lain, Schoch, and Vishwanath (2022). Back-casting and imputations required due to lack of comparability between the 2009/10 HNLSS and the 2018/19 NLSS. Source: GHS, 2018/19 NLSS, and World Bank calculations. NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP • . Specialized statistical techniques suggest that poverty declined slowly in the first half of the 2010s, but this reversed after the 2016 recession hit When Nigeria was growing, richer Nigerians appeared to benefit more; their fortunes waxed and waned with economic growth more than the fate of the poor This begs a key question: why might living standards be delinked from growth in Nigeria? Could the labor market influence the structure of growth? 6
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