Poverty as a concept is diverse, assorted, and multidimensional; nevertheless, the basic poverty measurement either the income or consumption methodology is inadequate to explain the multiple deprivations experienced by the poor. Hence, this study aims to construct a multidimensional poverty index of households in Nigeria using Alkire and Foster methodology. Next, this study also examines the determinants of multidimensional poverty among households. Questionnaire was employed to collect data from 432 households, and logit regression is used to assess the determinants of multidimensional poverty. The results show the households is 37 percent impoverished in terms of multidimensional poor; particularly, the living standard dimension. The findings also show higher education results fosters the well-being of the households, on contrary to the high number of children. The results of this study suggest efficient policies regarding general infrastructural development and encouragement of higher educational attainment will greatly contribute to poverty reduction.

Past studies have tended to focus on measuring monetary poverty based on poverty line income; thus, this study aims to investigate the monetary poverty and the multidimensional poverty index (MPI) of 432 households in Niger State, Nigeria. Interestingly, the results indicate 13 per cent of those above poverty line income (non-poor) are found to be multidimensional poor. Hence, this paper suggests that the monetary measure of poverty should be complemented with multidimensional measure. The results of this study also show poverty is apparent in essential living standard and health among the households as spelled out by inadequate access to portable drinking water, poor sanitary facilities, electricity supply, primitive cooking fuel as well as limited access to improved health facilities. The results imply that effective policies towards general infrastructural development will greatly contribute to poverty reduction.

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This paper examines the response of consumer prices to the oil price shocks in Nigeria. The current oil price slump and its slowness to rise for giving hope to economic recovery pose a threat to many oil-backed economies, particularly Nigeria. As such, oil price and consumer price index are modelled, based on dynamic error-correction models, with aim to capture asymmetric response of consumer prices to a change in oil price. Quarterly time series data spanned from 2001Q1 to 2016Q4 were obtained and analyzed using dynamic co-integration method which allows for asymmetric adjustments. Our results revealed that three disaggregated consumer prices exhibit some degree of persistence to their long-run values, however, their responses are faster to a rise than to a fall in oil price. Correspondingly, aggregate price is found to be rigid downward, suggesting high prices of consumer commodities in Nigeria. This serves as a confirmation that low oil price is likely attributed to the high costs of basic consumer commodities in Nigeria, perhaps due to subsidy removal. We thus recommend that a credible price stabilization policy should be designed to curb the price-increasing effect that an oil price downturn may have on consumer commodities, such target should specifically focus on food and beverages, clothing, and energy prices.

The role of Innovation on small and medium enterprises (SMEs) growth is inevitable in any form of business organisation. Innovation has to do with a new idea, creative thought, and new imaginations of device of production of new product to add value to its customer. Innovation save as rebirth of product and reintroduce product in new look. This study have assess the impact of investment and technological innovation in growth of SMEs in Yobe State Nigeria. Structured questionnaire were used to gather the data, random sampling method were also adopted in surveying the 150 number of respondent. The finding shows significant relationship between innovation of product and production device and small and medium Growth, the result shows there is a relationship and the relationship is medium and positive. Moreover therefore there is impact of both investment and technological innovation on small and medium enterprises Growth The innovation has highly increase the growth of the enterprises. The study also recommend the government to consider and increase funds being allocated to grow the SMEs to make more innovations.