Despite the rising cost of living spreading rapidly across the country, Nigerians paid 24% more for one litre of Premium Motor Spirit (PMS) or petrol in September.
According to the World Bank’s latest report on Nigeria, 129 million Nigerians currently live below the poverty line. The Nigeria Development Update report, released on Thursday in Abuja, highlighted that this figure represents a significant increase from 40.1% in 2018 to 56% in 2024.
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