Nigeria’s path to shared prosperity is currently challenged by macroeconomic volatility and fluctuating terms of trade, which directly strain the fiscal resources needed for social protection. When global oil prices shift or exchange rates fluctuate, they erode the purchasing power of the very funds meant to protect our most vulnerable citizens.
However, recent data reveal that social safety nets can act as a vital shock absorber, preventing millions from falling into permanent poverty during these turbulent cycles.

Using data from a NISER study, this policy brief outlines how the Renewed Hope Agenda can  remain resilient and protect 50 million Nigerians from falling into permanent poverty, regardless of global market shifts.