Nigeria development update: Nigeria's choice
Nigeria’s economy needs to grow faster to reduce poverty. Despite favorable global oil prices, “business as usual” economic management is not delivering desired outcomes and, even if a crisis is avoided in the near-term, long-standing policy and institutional challenges are persisting and severely constraining the economy. This hinders the prospects of the vast majority of the country’s people, at least 80 million of whom live in extreme poverty. Whether to continue down this path, or to instead chart a new course and rise to its tremendous potential, is Nigeria’s choice. This is the theme of the latest World Bank Nigeria Development Update (NDU): “Nigeria’s Choice”.