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Nigeria Poverty Rate Hits 63% in 2025 Despite Inflation Easing — World Bank   Poverty in Nigeria rose to 63% in 2025 even as inflation slowed significantly, highlighting weak transmission of macroeconomic improvements to household welfare, according to a new report by the World Bank. The development was contained in the World Bank’s Nigeria Development Update released in Abuja on Tuesday, titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development.” The report showed a steady increase in poverty rates, rising from 56% in 2023 to 61% in 2024, before reaching 63% in 2025. This translates to roughly 140 million people living below the poverty line. The World Bank noted that the worsening poverty trend occurred despite a sharp decline in inflation over the same period. Data referenced in the report indicated that Nigeria’s headline inflation fell from 34.8% in December 2024 to 15.15% in December 2025, while food inflation dropped from 39.84% to 10.84%. Despite...