By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: 13 Million Nigerians at Risk of Falling Below Poverty Line in 2025 – Report
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | 13 Million Nigerians at Risk of Falling Below Poverty Line in 2025 – Report

News

13 Million Nigerians at Risk of Falling Below Poverty Line in 2025 – Report

Olaitan Sodiq
Olaitan Sodiq
Published: June 14, 2025
Last updated: June 14, 2025
2 Min Read
Share
13 Million Nigerians at Risk of Falling Below Poverty Line in 2025 – Report | Daily Report Nigeria
SHARE
  • A report by PricewaterhouseCoopers International Limited (PwC) warns that rising inflation, high interest rates,

  • The naira depreciation may push an additional 13 million Nigerians below the national poverty line by 2025.

  • Nigeria’s headline inflation rate stood at 34.80% as of December 2024, with the manufacturing sector facing severe challenges due to macroeconomic issues.

A recent report by PricewaterhouseCoopers International Limited (PwC) has revealed that Nigeria’s worsening inflation and high cost of living may drive an additional 13 million people below the national poverty line by 2025.

The report, titled ‘2025 Nigerian Budget and Economic Outlook,’ highlights the country’s economic headwinds, including rising inflation, high interest rates, and naira depreciation.

According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 34.80% as of December 2024.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The President of the Manufacturers Association of Nigeria (MAN), Chief Francis Meshioye, noted that the manufacturing sector faced severe challenges in 2024 due to macroeconomic issues such as high inflation, soaring interest rates, and the depreciating naira.

READ ALSO: Nigerians to Decide on Death Penalty Abolition – Deputy Speaker

Despite these challenges, the Central Bank of Nigeria (CBN) is projecting economic growth of 4.17% in 2025, driven by ongoing reforms and stabilizing inflation.

Governor Olayemi Cardoso stated that inflation, currently at 34.8%, is expected to decline as reforms begin to yield positive results.

The CBN also expects foreign exchange reserves to rise gradually, supported by increased oil production.

FG Announces $600m Annual Electricity Subsidy for Nigerians

The Federal Government has announced plans to introduce an annual electricity subsidy of $600m for all customers from 2025 to 2027, as part of efforts to reform the power sector.

According to Nigeria’s Energy Compact document, the initiative is part of the National Energy Compact and aligns with Nigeria’s broader electrification and clean energy transition plans.

Continue Reading Here
For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:NigeriansPoverty line
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Ganduje Accuses Peter Obi Of Libel, Inciting Death Threats Against Morka
APC Confirms Ganduje’s Resignation, Appoints Acting Chairman
Politics
Super Falcon’s Goalie Chiamaka Nnadozie Joins Brighton in WSL Move | Daily Report Nigeria
Super Falcon’s Goalie Chiamaka Nnadozie Joins Brighton in WSL Move
Sports
BREAKING: APC Chairman Ganduje Resigns
Politics
Speed Darlington in Trouble as NAPTIP Declares Him Wanted For Alleged Rape, Cyberbullying | Daily Report Nigeria
Speed Darlington in Trouble as NAPTIP Declares Him Wanted For Alleged Rape, Cyberbullying
Entertainment
Super Eagles' Striker Taiwo Awoniyi Extends Forest Deal Until 2028 | Daily Report Nigeria
Super Eagles’ Striker Taiwo Awoniyi Extends Forest Deal Until 2028
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Massive Surrender of Terrorists Shows We Are Winning War Against Insurgency - Irabor | Daily Report Nigeria
News

Massive Surrender of Terrorists Shows We Are Winning War Against Insurgency – Irabor

June 13, 2025
Militants Threaten to Unleash Major Attacks on Nigeria's Oil, Gas Installations
News

Militants Threaten to Unleash Major Attacks on Nigeria’s Oil, Gas Installations

June 13, 2025
MAHA 2023: Omo-Agege, Waive, Guwor Emerge Best Performing Lawmakers
News

MAHA: Omo-Agege, Waive, Guwor Emerge Best Performing Lawmakers

June 15, 2025
Twitter’s Founder, Liable For EndSARS Losses - Lai Mohammed | Daily Report Nigeria
News

Twitter’s Founder, Liable For EndSARS Losses – Lai Mohammed

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?