Palm Tree Plantation as a Panacea for Poverty and Unemployment Reduction in South-Western Nigeria: A Review

Abstract

Nigeria as a nation is endowed with both human and natural resources. These resources are enough to solve multifarious challenges such as poverty and unemployment. Unfortunately, the issue of poverty and unemployment in the country receives insufficient attention instead of being the government’s foremost priority in the recent time. Little attention is also paid to the exploration of palm tree plantation as a way forward for addressing the challenges of poverty and unemployment in the country. The present paper reviews literature that investigated palm tree plantation as a remedy to endemic or abject poverty and unemployment in the country. The conceptual framework is used to explore the significant impact of palm tree plantation on poverty and unemployment reduction in the country. The methodology of content analysis of relevant literature was applied. The research results indicated that there are potentials to be tapped in palm tree plantation as a solution to the prevalent poverty and unemployment in the South-western part of the country. The findings reiterated that palm tree plantation can make an essential contribution to the development of infrastructure such as roads, schools, and telecommunications among others. The paper revealed that there is a relationship between palm tree plantation and poverty and unemployment reduction in the South-Western Nigeria. However, the study also identifies the effect of palm cultivation, especially its impact on tropical rainforests. It is thereby suggested that palm tree plantation should be included as part of social intervention programmes. In addition, the government should constitute the Nigerian Palm Oil Board (NPOB) and initiate the Nigerian Palm Plantation Development Act (NPPA) in order to expand the agricultural investment in the country. It is further suggested that palm tree plantation should be used for infrastructural development, such as roads, schools, telecommunications etc. Lastly, Land Protect Act (LPA) should be effectively formulated and executed for safeguarding the socio-environment degradation emanating from palm tree plantation.

Qualitative perspectives of middle and high skilled workers on humanitarian crowdfunding for poverty reduction in selected organization of Islamic cooperation

“…Nonetheless, Organizations of Islamic Cooperation (OIC) should promote crowdfunding, especially by developing a consciousness of becoming investors and entrepreneurs who are conversant with Shari'ah compliance. In nut shell, this study has corroborated several studies that advocated for the usefulness of crowdfunding for solving the problem of poverty within the framework of Islamic legal system (Amuda and Hassan (2023); unemployment reduction (Amuda, 2022); financial and social efficiency through partnership programmes (Ali et al, 2023) and provision of social responsibility service (Pinto, 2023).…”

Empirical investigation of Islamic legal framework, crowd humanitarian funds and poverty reduction in selected Organization of Islamic Cooperation (OIC)

“…The finding of this study is also in consonance with previous studies that buttressed that crowdfunding is compliant with the Islamic legal framework as long as it is devoid of usury (Aderemi et al, 2021). It should be reiterated that there is an advocacy for crowd funding in the middle east (Adbeldayam et al, 2021) as well as considering it as an instrument for carrying out small projects in the Arab world (Amuna et al, 2017); crowd funding is found in the Malaysian regulatory framework (Abdullah, 2016); crowdfunding is an alternative funding in Nigeria (Aderemi et al, 2021) and Africa in general (Hoberg et al, 2017;Amuda, 2022).…”

“…, 2017); crowd funding is found in the Malaysian regulatory framework (Abdullah, 2016); crowdfunding is an alternative funding in Nigeria (Aderemi et al ., 2021) and Africa in general (Hoberg et al. , 2017; Amuda, 2022).…”