Nigeria poverty rates have gone down significantly in the 2010s because of economic growth. The World Bank states Nigeria has had a 7.4% economic growth in July 2019 which has been their highest yet since the  gross domestic product rate decreased to 2%. While as of May 4, 2020, 40% of Nigerians live in poverty, this number still shows the growth of the developing country, with  a previously counted 61% of the population living in poverty in 2012. Having made their plans to reduce this number, Nigeria has presented a plan to the World Bank Group to lower this number tremendously. Government instability, which affects the rate at which citizens are employed, is the major reason for the poverty levels being higher in certain periods.