Connect with us

Poverty has reduced in Nigeria - World Bank

Piroll

Published

on

Follow
NAIJA NEWS: Poverty has reduced in Nigeria - World Bank [New Naija News] » Naijacrawl
Photo: Naijacrawl

The World Bank has recently unveiled significant findings that underscore the transformative impact of improved internet access on poverty reduction and economic development in Nigeria and Tanzania.



In a brief titled "Digital transformation drives development in Africa," the World Bank reported a notable seven per cent reduction in extreme poverty over three years due to enhanced internet coverage in these two African nations.

The report also highlighted a parallel increase of 8 per cent in both labour force participation and wage employment as a direct result of expanded internet access. The findings, based on a flagship report from 2023, emphasized the crucial role that digital connectivity plays in shaping socio-economic outcomes.

Andrew Dabalen, the World Bank Chief Economist for Africa, emphasized the untapped potential of mobile internet usage in driving inclusive growth on the continent. He remarked, "The minimal usage of mobile internet is a lost opportunity for inclusive growth in Africa. Closing the uptake gap would increase the continent’s potential to create jobs for its growing population and boost economic recovery in a highly digitalized world."


The brief also shed light on the remarkable 115 per cent increase in internet users across sub-Saharan Africa over the past five years (2016-2021). This surge in connectivity has played a pivotal role in fostering economic growth, spurring innovation, and generating job opportunities in the region.

However, despite these positive trends, the brief highlighted that sub-Saharan Africa's digital infrastructure coverage, access, and quality still lag behind other regions. While 84 per cent of people in the region had access to 3G service by the end of 2021, only 22 per cent were actively using mobile internet services. The gap between coverage and usage is similarly substantial for broadband, with 61 per cent of people in sub-Saharan Africa having access to broadband but not utilizing it.

As the region grapples with this digital divide, the report underscores the need for concerted efforts to bridge the gap between internet coverage and usage, unlocking the full potential of digital connectivity for sustained economic growth and poverty alleviation.

Click Here To Comment




Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

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

Naija News

BUHARI ASKED US TO FOCUS ON NORTHERN NIGERIA WORLD BANK PRESIDENT

emmanuelibu

Published

on

NEWS: BUHARI ASKED US TO FOCUS ON NORTHERN NIGERIA WORLD BANK PRESIDENT [New Naija News] » Naijacrawl
Photo: Naijacrawl
The President of the World Bank Group, Jim Yong Kim, said on Thursday that the bank had concentrated on the northern region of Nigeria in line with President Muhammadu Buhari’s request.Kim and the Managing Director, International Monetary Fund, Christine Lagarde, who spoke at separate press conferences in Washington DC, United States, also advised Buhari to invest in things that would enhance economic growth.Kim said, “You know, in my very first meeting with...
Continue Reading

Naija News

FG to unveil humanitarian fund for poverty alleviation – Edu

Victorious

Published

on

NAIJA NEWS: FG to unveil humanitarian fund for poverty alleviation – Edu [New Naija News] » Naijacrawl
Photo: Naijacrawl
According to Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, the government will soon announce the Humanitarian funds to help 133 million Nigerians escape poverty.She revealed this in an interview with Channels Television on Friday.According to The Daily Post, on Monday, Edu declared that the government would help 133 million Nigerians escape poverty.When asked how she intended to achieve the target, she explained that she would unveil h...
Continue Reading

Naija News

We’ll lift 133m Nigerians out of poverty – Minister, Edu

Victorious

Published

on

NAIJA NEWS: We’ll lift 133m Nigerians out of poverty – Minister, Edu [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Federal Government intends to help 133 million Nigerians escape poverty, according to Dr. Betta Edu, the new Minister of Humanitarian Affairs and Poverty Alleviation.Edu revealed this to the heads of the ministry's agencies on Monday after the start of the new work week.She claims that the FG can only accomplish this by implementing various interventions and initiatives to fight poverty.“What is most important is that we will keep our focus on lifting 133 millio...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.