Nigeria’s poverty rate is projected to rise sharply to 62 per cent by 2026, with about 141 million people expected to be living below the poverty line, according to PwC. “Poverty is projected to rise to 62 per cent (141 million people) by 2026, reflecting weak real income growth and lingering inflation effects,” PwC noted. With food inflation remaining elevated, these households are disproportionately exposed to price shocks. The report warned that rising poverty levels pose significant risks to Nigeria’s economic stability and growth prospects. Rising poverty, they warn, could also weaken domestic consumption, limit productivity growth, and place additional pressure on public finances.

Source: Punch January 07, 2026 06:07 UTC