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Nigeria launches new indicators to measure the impact of reforms on poverty and income

Nigeria launches new indicators to measure the impact of reforms on poverty and income

The article discusses the Nigerian government's plan to deploy indicators for measuring poverty, income, and inequality, with the aim of evaluating the impact of economic reforms that began in 2023. These indicators include assessing multidimensional poverty reduction, increases in real per capita income, and declines in inequality levels. This step comes after criticisms regarding the delayed reflection of reforms on household conditions, despite initial improvements in revenues and efforts to strengthen economic stability. Currently, 63% of the population lives below the poverty line and faces rising living costs, while the economy grapples with challenges such as persistent inflation and corruption. The Ministry of Finance will be responsible for releasing these indicators, though no specific date has been set for their publication.

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