Projecting the Possible Impacts of the National Economic Empowerment and Development Strategy (NEEDS) on Human Development in Nigeria

Ogundele, O.J.K.; Hassan, A.R.; adegoke, Abdul-azeez ibraheem

doi:10.5539/ijef.v3n4p162

Cited by 5 publications

(4 citation statements)

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“…NEEDS phase II commenced in June, 2007 with the expectation of spearheading Nigeria's industrialization. Akintunde and Ojiabor (2006) in Ogundele, et al (2011) reported that the implementation of NEEDS Phase II would build on the achievements of NEEDS Phase I, which started in 2004. Under NEEDS Phase II, it was stated that there would be a focus on employment generation and aggressive public infrastructural development.…”

Section: Discussionmentioning

confidence: 99%

Assessment of Education Policy Thrust of the National Economic Empowerment and Development Strategy (Needs) in Nigeria

Abimbola

Omosewo

Upahi

2014

PEC

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The National Economic Empowerment and Development Strategy (NEEDS) is Nigeria’s plan for prosperity. The plan focuses on four key strategies: reorienting values, reducing poverty, creating wealth and generating employment. In realizing the plan, education is recognized as the vital transformational tool and a formidable instrument for any socioeconomic empowerment. Policy frameworks for education were developed to propel and sustain the NEEDS initiative. The NEEDS set six goals (with targets) for education, and each of the goals is keyed to each of the policy thrust. This study, therefore, attempted to assess the extent to which the targets of NEEDS for education are implemented. A structured questionnaire was developed to elicit 250 university lecturers’ views on the extent of implementation of the education policy thrust of the NEEDS. It was found that, the targets of each of the goals of the plan that were originally designed to be a medium–term development strategy; spanning year (2004-2007) have not been fully realized 10 years after its inception. Conclusion was drawn and recommendations were made, among which are: the NEEDS planners and operators should set specific, realizable targets and time framework of human development, for students to become self-sufficient in the areas of basic needs through skills acquisition and job creation. Key words: the National Economic Empowerment and Development Strategy, targets and education.

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Section: Discussionmentioning

confidence: 99%

Assessment of Education Policy Thrust of the National Economic Empowerment and Development Strategy (Needs) in Nigeria

Abimbola

Omosewo

Upahi

2014

PEC

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“…Other reviewers of the policy highlighted the need for new patterns of human development for the programme to succeed (Ogundele, Hassan, & Abdul-Azeez, 2011). With respect to the contribution of NEEDS to the development of infrastructural facilities, Olusoji and Oloba (2014) indicate that the policy had not been able to eliminate generation deficits, expand transmission and distribution networks, and increase rural access to electricity, which are the necessary requirements for economic growth and poverty reduction through the provision of employment.…”

Section: Poverty Reduction Policies In Nigeria: the National Economicmentioning

confidence: 99%

The Head Corner Stone: Human Centred Policies as Panacea to Poverty in Nigeria

Darma¹

2019

theijbm

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Introduction Nigeria made several policies towards growth, development, and poverty reduction with little or no success. Some of these policies were developed with the help of stakeholders, including the International Monetary Fund (IMF) and the World Bank (WB). These policies include the Poverty Reduction Strategy Papers (PRSPs), the Millennium Development Goals (MDGs) and now, the Sustainable Development Goals (SDGs). Using the poverty growth curve, Ichoku, Agu, and Ataguba (2012) shows that poverty continues to grow in Nigeria despite the country's claim of economic growth. Despite the so-called economic growth, unemployment keeps on rising, poverty rate becomes higher, and industries close down. One therefore wonders whether the Nigerian economy is really serving the society, or are the assessors of the economic performance of the country measuring the wrong thing. This paper submits that these policies do not serve the need of their designers and implementers because the initial conception was without much input from the people most affected by poverty. This paper, therefore, explores the essential things that matter most in the lives of the people as measures of development and calls for a shift from measuring economic production (GDP) or per capita income (GNI) to measuring people's well-being in the context of environmental and sustainability conditions (Stigliz, Sen, & Fitoussi, 2010). As considered in this paper, well-being includes at least three elements: poverty, social exclusion, and vulnerability. This paper concentrates on poverty and proposes pro-poor antipoverty policies to reduce poverty, emphasis on the measure people's well-being, and, therefore, shift the focus of poverty reduction strategy to improving people's quality of life. Changing emphasis to measures of quality of life means working towards the development of a statistical system that will measure how adequate the economy captures people's well-being. This paper proposes some new ideas on the assessment of development and poverty reduction in Nigeria. With insufficient resources to fight poverty, the approach in this paper is to identify poverty factors and the web of relationships they formed. It is then possible to identify those factors that are centrally connected, rank them according to their impact to poverty, and develop policies to tackle them, thereby breaking or weakening the web. As proposed by ul Haq (1995) based on Sen (1987) theoretical exposition, the ideas of development should be people-centred. This paper uses Human Development Index (HDI) promoted by the United Nations Development Programme (UNDP) to measure people-centred development. HDI have been used over time to rank countries in terms of human development since 1990 (UNDP, 1990). Nigeria has been lowly ranked on HDI scale over the years despite several

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“…Nigeria had produced some of National Development plans, which represented the objectives and aspirations of the nation, in charting its course of monetary, social and political development. 1975-1980, Fourth National Development Plan 1981-1984, the 5th National Development plan of 1989 and the three every year rolling plans because the imaginative and prescient 1990s which culminated within side the imaginative and prescient 2010 for Nigeria (Ogundele and Opeifa, 2004) [12] . In the First and Second National Development Plans, the standards used have been: (i) that specialize in funding with best increase potentials (ii) making sure the feasibility of numerous authorities proposals (iii) Emphasizing monetary desirability of projects, and (iv) making sure the fulfilment of most increase rate.…”

Section: Introductionmentioning

confidence: 99%

Impact of national economic empowerment and development strategy (NEEDS) on rural women: A case study of Yelwa Na Farko in Mubi, Adamawa state-Nigeria

Salihu¹,

Ali²

2021

Int. J. Finance Manage.

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This paper examines the impact of National Economic Empowerment and Development Strategy (NEEDS) on Yelwa Na Farko Development Association in Mubi North Local Government Area, by looking at the contribution the NEEDS had made on the rural women in understanding their goals in term of self-reliance in the study area. This study used primary data collection from the respondents through the use of questionnaire and interview; two hundred and eighty questionnaires (280) were distributed and two hundred and fifty questionnaires (250) were successfully returned which recorded (89%) of returned. The study employed simple percentage to analyse the data collected. The result obtained depicts that there is serious discrimination, lack of sufficient capital among the rural women in the study area. The study recommends that; government should breach the gap of discrimination (gender equality) among the rural women, government should provide working capital for rural women and also government should include them in all their decision such as commercial activities, politics and awareness coaching among themselves.

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Projecting the Possible Impacts of the National Economic Empowerment and Development Strategy (NEEDS) on Human Development in Nigeria

Cited by 5 publications

References 0 publications

Assessment of Education Policy Thrust of the National Economic Empowerment and Development Strategy (Needs) in Nigeria

Assessment of Education Policy Thrust of the National Economic Empowerment and Development Strategy (Needs) in Nigeria

The Head Corner Stone: Human Centred Policies as Panacea to Poverty in Nigeria

Impact of national economic empowerment and development strategy (NEEDS) on rural women: A case study of Yelwa Na Farko in Mubi, Adamawa state-Nigeria

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