Poverty drivers and Nigeria’s development: Implications for policy intervention

Abstract

Several policies and programmes have been put in place to address the issue of poverty both in developing and developed countries of which Nigeria is not exempted. This study using data from World Development Indicators (WDI) for the period of 1992-2016 examined the key principles influencing poverty rate in Nigeria and their implications for policy interventions. The result of the Autoregressive Distributed Lag (ARDL) model using several equations showed that unemployment increases poverty by approximately 1.4, 1.5 and 3.3 percent in the short run while inflation reduces poverty by approximately 0.08 percent in the short run. This implies that unemployment causes poverty while inflation, public resources devoted to austerity programmes and economic growth reduces poverty in the short run.The study recommends that government should put in place adequate measures and conducive environment to encourage more business operations in the country.

Non-inclusive Growth Among Rural Households in Nigeria: A Micro Level Analysis of Income Growth and Equitable Distribution of Resources

“…Reduction in poverty is about improving the living standards of human beings, especially the poor. In the past two decades, Africa is one of the developing worlds that have recorded an increasing number of people that are poor and living with a lower earning than the global poverty line of $1.25 per day [6,3]. Alleviation of poverty is at the focal point of the strategy conversation in each public organization, global association and non-governmental organization [10].…”

“…Nigeria is a country with an abundance vast pool of human resources, Demographically, Nigeria is the most populous country in Africa, the seventh world-wide with an estimated population of over 200 million in 2020 and 8 th as the largest exporter of crude oil in the world with many other resources [21]. Despite the Nigeria enormous resources among the Sub Saharan African countries, a large proportion of her population still living below income poverty line of US$1.90 per day [3].…”

“…Unemployment rate has assumed an upward trend, rising from an average of 9.2% between 1991 and 2000 to 23.1% over the period of 2011-2014. The unemployment rate increased from 14.2% in 2016 to 18.8% in the third quarter of 2017 [3]. Similarly, people's welfare had worsened over time in spite of the persistent economic growth in term of access to employment, social amenities and the basic necessity of life [15].…”

Application of Cash Waqf Scheme as an Alternative Way of Supporting Underprivilege

“…In the year 2018/2019 Nigerian living standard survey stated that 39.1 Nigerians lived below the international poverty line of $1.90 per person per day. While 40.1% of Nigerians lived below Nigeria's national poverty line (Aderounmu et al 2021;Group 2022). To wage war against poverty and financial constraint, there is a need for a lawful alternative means to reduce poverty and support the underprivileged to execute and carry out their profitable business and transactions without involving in any unlawful means or act which the conventional system is always propagating and is yet to resolve the problems of underprivileged.…”

COVID-19 Related Misconceptions and Prevention Practices Among the Public in a Southeastern City in Nigeria

“…This is because Nigeria is a multiethnic nation with strong ethno-religious identities which vary across the different geopolitical regions and impacts health behavior and outcomes. 15,16 Previous studies of other diseases and health behavior have strongly recommended region-specific studies and interventions. 17,18 To the best of our knowledge, no prior study has examined COVID-19 misconceptions and their impact on knowledge and prevention practices in any southeastern Nigerian city.…”