4.2% GDP growth insufficient to cut poverty – ActionAid
ActionAid Nigeria says the country’s 4.2% GDP growth in H1 2026 is not enough to reduce poverty, calling for double-digit growth and single-digit inflation Read More: https://punchng.com/4-2-gdp-growth-insufficient-to-cut-poverty-actionaid/
ActionAid Nigeria has criticized Nigeria's 4.2% GDP growth in the first half of 2026, stating it is insufficient to reduce poverty. The organization calls for double-digit economic growth, single-digit inflation, and greater accountability for rising government revenues. While the World Bank reports a 4.2% real GDP growth and a 69% increase in federation revenues between 2023 and 2025, ActionAid argues that stabilizing poverty is not the same as reducing it, as millions continue to struggle with rising living costs and declining purchasing power.
The Country Director of ActionAid Nigeria, Dr Andrew Mamedu, emphasizes that economic growth must translate into improved living conditions and that the true measure of progress is lifting Nigerians out of poverty.
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