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World Bank Warns Nigeria’s Social Protection Spending Has Minimal Impact on Poverty

A World Bank report has revealed that Nigeria’s low budgetary allocation to social protection has had virtually no effect on reducing poverty, with the country spending only 0.14% of its Gross Domestic Product (GDP)—far below the global average of 1.5% and the Sub-Saharan African average of 1.1%. Titled “The State of Social Safety Nets in […]