The World Bank’s Macro Poverty Outlook for Nigeria warns that population growth outpacing poverty reduction will push 13 mln people below the poverty line by 2025, with inflation and security concerns among the major contributors. The underperformance of the oil sector, which accounts for 90% of total exports, since 2020, coupled with a fiscal deficit estimated at 5% of GDP in 2022, has kept public debt at over 38% of GDP and pushed the debt service to revenue ratio from 83.2% in 2021 to 96.3% in 2022. Additionally, the current account balance recorded a deficit of 0.3% of GDP in Q1-Q3 2022.