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The World Bank’s June 2021 77-page Nigeria Development Update instructs in particular federal economic policy formulators and implementors that “rising prices alone – even without incorporating the direct impact of COVID-19 on welfare – pushed an estimated seven million Nigerians below the poverty line in 2020.” The corollary is focus by the apex bank on attainment of the principal object which mandates it to “ensure monetary and price stability” that alone would have brought about the desirable outcome of successfully keeping seven million Nigerians (who were on or near the border line) from slipping into extreme poverty in 2020. x It should be quickly pointed out that apart from the attribution solely to inflation of the specific numerical size of affected Nigerians, the 2021 NDU report is actually the umpteenth verdict that the underlying heterodox fiscal and monetary preferences by successive federal administrations have been co

World bankNigeria developmentNigeria development updateEconomic recoveryGrowth planMedium term expenditure frameworkFiscal strategy paperBouncing backNigeria economic sustainability planBretton woodsFiscal responsibility actAppropriation actஉலகம் வங்கிநைஜீரியா வளர்ச்சிநைஜீரியா வளர்ச்சி புதுப்பிப்புபொருளாதார மீட்பு