World Bank lists Nigeria among 39 nations facing rising poverty, hunger due to conflict
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The World Bank has listed Nigeria among 39 countries where poverty and hunger are deepening as a result of conflict and instability.
In a report released on Friday, the bank said the economies, a mix of low- and middle-income countries, span all global regions. Among them are Afghanistan, Burkina Faso, Cameroon, Ethiopia, Libya, Mali, Nigeria, Sudan, Ukraine, and Zimbabwe.
The report, which assesses the economic impact of conflict and fragility in the post-COVID-19 era, revealed that 21 of the 39 countries are experiencing active conflict.
According to the findings, extreme poverty is rising more rapidly in these countries, taking a severe toll on economic development, worsening hunger, and derailing progress toward key development goals.
Since 2020, the report noted, the average per capita GDP of these economies has declined by 1.8 per cent annually, in contrast to a 2.9 per cent growth rate recorded in other developing countries.
The report partly reads: “This year, 421 million people are struggling on less than $3 a day in economies afflicted by conflict or instability—more than in the rest of the world combined.
“That number is projected to rise to 435 million, or nearly 60% of the world’s extreme poor, by 2030.”
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