The World Bank has estimated that improved access to internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania.
This was disclosed in a new brief titled, “Digital transformation drives development in Africa,” noting that the exposure has also led to an increase of 8 per cent in labour force participation and wage employment.
The World Bank said, “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.”
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