Food inflation to plunge 141 million Nigerians into poverty by 2026 - World Bank

NAME: Imoh-okpomoh Obrian Uzoyah.
MATRIC: 240912135
Course: Online journalism(MCM 201)

The World Bank has projected that “inflationary pressure, particularly food prices,” will plunge about 141
million Nigerians into poverty by 2026.
The international organisation made this projection in its Nigeria Development Update report for October
2025, published on Wednesday.
Nigeria’s economy “growth is still timid,” the World Bank said, adding, “Remaining inflationary pressure,
particularly from food prices, is expected to further push poverty up.”
It added, “The poverty rate is projected to reach 62 per cent in 2026, 141 million poor Nigerians, before
stabilising and slightly reducing to 61 per cent in 2027.”
This projection suggests two million people will plunge into poverty in addition to the 139 million
Nigerians already living in poverty.
The World Bank said many households continue to face hardship, with poverty and food insecurit