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Challenges of Poverty on National Development in Nigeria

Author

Listed:
  • Omaku Angulu Abubakar

    (Pre-ND Department, Isa Mustapha Agwai 1 Polytechnic, Lafia Nasarawa State)

  • Habakuk Aboki

    (Pre-ND Department, Isa Mustapha Agwai 1 Polytechnic, Lafia Nasarawa State)

Abstract

One of the most notable challenges of economic development of any nation is poverty. This is because it is the responsibility of the leadership of any nation to carter for the welfare of its citizens. It is estimated that globally, about three billion people live below $2 per day poverty threshold and may increase to three billion people by the year 2050. A substantial number of these people living in absolute poverty are Africans. This vicious cycle of poverty among Africans is noted to ‘be trans-generational and may continue unabated of appropriate strategies to combat same are not put in place. Nigeria being the most populous nation in Africa has a good share of these poverty striking Africans and has made concerted efforts since independence to tackle this poverty, cycle without achieving, the desired results. This paper attempts an explanation of the concept of poverty and its theoretical framework, the impact of poverty on Nigerian economic development, causes of poverty in Nigeria and effort made by successive governments to eradicate poverty in the country. In conclusion, some policy recommendations aimed at eradicating poverty in the country were made.

Suggested Citation

  • Omaku Angulu Abubakar & Habakuk Aboki, 2021. "Challenges of Poverty on National Development in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(09), pages 535-540, September.
    • Handle: RePEc:bcp:journl:v:5:y:2021:i:09:p:535-540
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    References listed on IDEAS

    as
    1. Heba El Laithy & Khalid Abu-Ismail & Kamal Hamdan, 2008. "Poverty, Growth and Income Distribution in Lebanon," Research Report 13, International Policy Centre for Inclusive Growth.
    2. John C. Anyanwu, 2013. "The correlates of poverty in Nigeria and policy implications," African Journal of Economic and Sustainable Development, Inderscience Enterprises Ltd, vol. 2(1), pages 23-52.
    3. Fosu, Augustin Kwasi, 2017. "Growth, inequality, and poverty reduction in developing countries: Recent global evidence," Research in Economics, Elsevier, vol. 71(2), pages 306-336.
    4. Temitope DADA, James & FANOWOPO, Oyinkansola, 2020. "Economic Growth And Poverty Reduction In Nigeria: The Role Of Institutions," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 7(7), pages 1-15, June.
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