Index to Nigerian Newspapers

How Nigerian can tackle poverty by World Bank

To address poverty in Nigeria, the World Bank recommends creating wage jobs through macroeconomic stability, growth, and private sector development. Over the next 10 years, about 12 million people are expected to enter the labor market, making job creation crucial. The Bank also suggests policies to improve productivity in farm and non-farm enterprises, which would offer short-term relief. The Central Bank of Nigeria’s monetary policy must remain tight until inflation is controlled, while reforms in fuel pricing and exchange rates are steps toward macroeconomic stability. These reforms, though challenging in the short term, aim to restore Nigeria’s economic potential.

Abdulwahab Las | Economy | New Telegraph | Friday, October 18, 2024