Implausible Deniability on Nostr: ...
IMF REFORMS PUSH 56% TO POVERTY IN NIGERIA
A World Bank report indicates that the reforms pushed by the IMF in Nigeria have exacerbated poverty levels. Since taking office, President Bola Tinubu has implemented measures aimed at 'economic revival' and attracting investors, such as removing fuel subsidies and liberalizing the Naira. However, these reforms have led to skyrocketing energy prices and the highest inflation in 30 years, at 30%. As a result, the poverty rate has surged from 40.1% in 2018 to 56% in 2024, with 129 million Nigerians now living in poverty.
Published at
2024-10-23 02:49:07Event JSON
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"content": "https://image.nostr.build/fee5380a24d63bfaa5a7152d1ab548b5889b0cf17ed0b6f12d29c247fc7bc294.jpg\n\nIMF REFORMS PUSH 56% TO POVERTY IN NIGERIA \n\nA World Bank report indicates that the reforms pushed by the IMF in Nigeria have exacerbated poverty levels. Since taking office, President Bola Tinubu has implemented measures aimed at 'economic revival' and attracting investors, such as removing fuel subsidies and liberalizing the Naira. However, these reforms have led to skyrocketing energy prices and the highest inflation in 30 years, at 30%. As a result, the poverty rate has surged from 40.1% in 2018 to 56% in 2024, with 129 million Nigerians now living in poverty.",
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