A new report released by the international consulting firm PricewaterhouseCoopers (PwC) has revealed that more than 140 million Nigerians are projected to fall into poverty in 2026.
According to the report obtained by Nigerian Post from RIF Hausa, the findings are based on the continued economic downturn and the rising cost of living currently facing Nigeria.
The report, contained in the Nigerian Economic Outlook, indicates that over 60 percent of the country’s population could be affected. This highlights the scale of the threat poverty poses to Nigeria’s economic stability and social wellbeing.
PwC identified key factors contributing to the situation, including rising inflation, high unemployment rates, and the depreciation of the Naira in the global market.
The report further stated that many Nigerians are struggling to afford basic necessities such as food, healthcare, and education.
However, economic experts have warned that unless urgent measures are taken, the growing poverty crisis could worsen insecurity and social instability across the country. They emphasized the need for the government to strengthen job creation policies, promote industrial growth, and expand social welfare programs.
Additionally, the report called on the government and other stakeholders to collaborate in developing strategies that will ease the hardship faced by citizens and ensure that economic growth directly benefits the common people.
