The World Bank says more than half the people in African countries south of the Sahara, including Nigeria, are living in multidimensional poverty.

This comes from their “2024 Key Development Challenges” report, which shows how the world is failing to reduce poverty.When the World Bank measures poverty, they look at three things: how much money people have (less than $2.15 per person per day), their education, and whether they have basic services like electricity and water.

From their findings, 40% of people in the region face extreme weather events, and nearly everyone there is at high risk from climate impacts.. To help with these problems, the World Bank recently raised $23.7 billion, which will create $100 billion in cheap loans to help 78 countries between 2025 and 2028.

https://businessday.ng/business-economy/article/over-50-of-nigerians-sub-saharan-africans-are-multidimensionally-poor-world-bank/