Tag: PwC

‘Over 140m Nigerians may become poorer by December’ – PwC

Aminu Imam
PwC on poverty

Poverty levels in Nigeria are expected to worsen significantly over the next two years, with as many as 141 million Nigerians, representing about 62% of the population, projected to be living in poverty by 2026, according to PricewaterhouseCoopers (PwC). The projection is contained in PwC’s Nigeria Economic Outlook 2026, released yesterday titled: ‘Turning Macro-economic Stability into Sustainable Growth’, which warns that recent policy adjustments aimed at stabilising the economy are yet to translate into tangible welfare gains for households. PwC noted that weak real income growth, combined with persistently high…

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‘Nigeria’s economic outlook uncertain despite CBN’s policies’ – PwC

Aminu Imam
PwC on 9ja economy

PwC, a professional tax and advisory firm, has stated that Nigeria’s economic outlook remains uncertain in spite of efforts made by the Central Bank of Nigeria (CBN) to ensure stability in the foreign exchange (FX) market, in order to attract investors. In its latest Nigeria Capital Market report, the PwC said that the rising inflationary trends and volatility in the country’s exchange rate is plaguing uncertainties to the FX market, dampening investors’ confidence. “Despite the hawkish stance by the CBN to maintain stability, Nigeria’s outlook is still quite uncertain as…

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