Connect with us
Padiwise Banner

Breaking News

Internet Exposure Reduced Nigeria’s Poverty By Seven Per Cent — World Bank

Published

on

The World Bank has disclosed that improved access to internet over three years led to a seven per cent reduction in extreme poverty in Nigeria.

In a new brief titled, “Digital transformation drives development in Africa,” the World Bank noted that the exposure has also led to an eight per cent increase in labour force participation and wage employment.

“In 2023, a World Bank flagship report found that in Nigeria and Tanzania, extreme poverty declined by about seven per cent after three or more years of exposure to internet coverage, while labour force participation and wage employment increased by up to eight per cent,” it read.

Andrew Dabalen, World Bank Chief Economist for Africa, was quoted in the brief as saying, “The minimal usage of mobile internet is a lost opportunity for inclusive growth in Africa. Closing the uptake gap would increase the continent’s potential to create jobs for its growing population and boost economic recovery in a highly digitalised world.”

Over the past five years (2016-2021), according to the report, sub-Saharan Africa experienced an extraordinary 115 per cent increase in internet users, a change that has been instrumental in spurring economic growth and fostering innovation.

“The region’s digital infrastructure coverage, access, and quality still lag other regions. At the end of 2021, while 84 per cent of people in SSA lived in areas where 3G service was available, and 63 per cent had access to 4G mobile coverage, only 22 per cent were using mobile internet services.

“The gap between coverage and usage is similarly large for broadband, with 61 per cent of people in sub-Saharan Africa living within the broadband range but not using it.”

Bosun Tijani, Minister of Communications, Innovation and Digital Economy, recently disclosed that Nigeria’s cost of data was still one of the cheapest in the world.

However, he lamented that many operators are not willing to lay fibre in many parts of the countries outside the major cities because it would be unprofitable.

The post Internet Exposure Reduced Nigeria’s Poverty By Seven Per Cent — World Bank appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.

Disclaimer: We sell any type of script/themes/plugins, we also offer web design/developement, graphics design, SEO, Social media followers, VTU Platform and more. visit our contact page to get in touch with us or WhatsApp (+234) 08114313795.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Entertainment

Entertainment2 weeks ago

Truck Drivers Jobs In Canada With Visa Sponsorship

Truck Drivers Jobs In Canada With Visa Sponsorship   This is a great opportunity for aspiring truck drivers! Explore the...

Entertainment2 weeks ago

American Visa Lottery Sponsorship Program: What You Need To Know

American Visa Lottery Sponsorship Program: What You Need To Know   Welcome to a comprehensive guide on the American Visa...

Entertainment2 weeks ago

Cleaning Jobs in USA with Visa Sponsorship – APPLY NOW

Cleaning Jobs in USA with Visa Sponsorship – APPLY NOW   Check out cleaning jobs in the USA with visa...

Entertainment2 weeks ago

U.S. Visa Sponsorship Opportunities in 2024/2025 – Apply Now

U.S. Visa Sponsorship Opportunities in 2024/2025 – Apply Now   Explore career opportunities in the U.S. with evolving international talent...

Entertainment2 weeks ago

Fully Funded University of Miami Stamps Scholarship 2024/2025

If you are looking for scholarships, then you should check out an exciting opportunity for aspiring scholars! The University of...

Entertainment2 weeks ago

Mechanic Jobs in the USA with Visa Sponsorship – APPLY NOW

Mechanic Jobs in the USA with Visa Sponsorship – APPLY NOW   Welcome to a world of opportunity for mechanics...

Entertainment2 weeks ago

Graphic Designer Jobs in USA with Visa Sponsorship – APPLY NOW

Explore exciting opportunities in the field of graphic design with visa sponsorship in the USA. Dive into a world of...

Entertainment2 weeks ago

Accounting Jobs in the USA with Visa Sponsorship – APPLY NOW

Welcome to an unparalleled opportunity for individuals aspiring to build a rewarding career in accounting in the United States with...

Entertainment2 weeks ago

Bartender Jobs in the USA with Visa Sponsorship – APPLY NOW

Bartender Jobs in the USA with Visa Sponsorship – APPLY NOW   Welcome to an extraordinary opportunity for those with...

Entertainment2 weeks ago

CoyleR – Big Part

CoyleR Big Part Mp3 Download CoyleR come out with another hit song title Big Part is made available here for...