IDEAS home Printed from https://ideas.repec.org/a/sum/sjefsm/2018p31-36.html
   My bibliography  Save this article

Economic Growth and Poverty Reduction in Nigeria

Author

Listed:
  • Agbasi Obianuju Emmanuela (Ph.D.)

    (Department of Cooperative Economics and Mgt, Nnamdi Azikiwe University (NAU), Awka, Nigeria)

  • Edoko Tonna David (Ph.D.)*

    (Department of Business Administration, Tansian University, Umunya, Anambra State, Nigeria)

  • Ezeanolue, Uju Scholastica

    (Department of Business Administration, Anambra State Polytechnic, Mgbakwu, Nigeria)

Abstract

This study examined the impact of economic growth on poverty reduction in Nigeria. This study was informed by the rising poverty level in the country. it was argued that despite concerted efforts made by successive government through one form of poverty reduction programme and the other to combat poverty still soars in the country. in order to address the conundrum the study modelled selected macroeconomic variables (poverty, unemployment, population, mortality rate, life expectancy rate, corruption, consumption, per capita income, illiteracy rate) and Gross Domestic Product (GDP) in Nigeria using an econometric regression model of the Ordinary Least Square (OLS) to ascertain the effect and relationship in the country’s poverty-growth nexus. Findings revealed that there is significant effect and relationship between poverty, unemployment, mortality rate, consumption and Gross Domestic Product (GDP) in Nigeria. Based on the findings of this study, the following recommendations are made: Nigeria poverty reduction programmes should be designed to be measurable and realistic. By targeting the felt need and occupational engagement of the people. Supervised capacity building before and after the implementation of the programmes is imperative. This will help address the challenge of unemployment occasioned by failures of businesses supported by the government. The leadership should cultivate a decisive spirit of patriotism and nationalism which will reinforces itself in high level trust, mutual coexistence, stability and development that will permit accountability, transparency and openness which in the long run would help increase economic growth and reduce poverty. Continued investment in human capital as in use of ICT to educate the poor, can boost the living standards of households by expanding opportunities, raising productivity, attracting capital investment, and increasing earning power. Also, holistic effort should be made by governments to improve basic human welfare in both health and social infrastructure that will eventually reduce the high rate of child mortality as well as improve standard of living.

Suggested Citation

  • Agbasi Obianuju Emmanuela (Ph.D.) & Edoko Tonna David (Ph.D.)* & Ezeanolue, Uju Scholastica, 2018. "Economic Growth and Poverty Reduction in Nigeria," Sumerianz Journal of Economics and Finance, Sumerianz Publication, vol. 1(1), pages 31-36, 06-2018.
    • Handle: RePEc:sum:sjefsm:2018:p:31-36
    as

    Download full text from publisher

    File URL: http://www.sumerianz.com/pdf-files/sjef1(1)31-36.pdf
    Download Restriction: no
    File URL: http://www.sumerianz.com/?ic=journal-home&info=archive-detail&journal=26&month=06-2018&issue=1&volume=1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hyun H. Son & Nanak Kakwani, 2004. "Economic growth and poverty reduction: initial conditions matter," Working Papers 2, International Policy Centre for Inclusive Growth.
    2. Ravallion, Martin & Chen, Shaohua, 1997. "What Can New Survey Data Tell Us about Recent Changes in Distribution and Poverty?," The World Bank Economic Review, World Bank, vol. 11(2), pages 357-382, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ansgar Belke & Andreas Wernet, 2015. "Poverty Reduction through Growth and Redistribution Policies—a Panel Analysis for 59 Developing Countries," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 143-162, February.
    2. Oyamada, Kazuhiko & Uchida, Yoko, 2011. "Production patterns of Multinational Firms: Horizontal and Vertical Multinationals with traded intermediates," Conference papers 332063, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Ravallion, Martin, 2005. "Inequality is bad for the poor," Policy Research Working Paper Series 3677, The World Bank.
    4. Christina Wieser, 2011. "Determinants of the Growth Elasticity of Poverty Reduction. Why the Impact on Poverty Reduction is Large in Some Developing Countries and Small in Others," WIFO Working Papers 406, WIFO.
    5. Ademola Obafemi YOUNG, 2019. "Why Has Growth Not Trickled Down to the Poor? A Study of Nigeria," Review of European Studies, Canadian Center of Science and Education, vol. 11(1), pages 156-156, December.
    6. durongkaveroj, wannaphong, 2014. "Growth or development: experience from Latin America," MPRA Paper 54481, University Library of Munich, Germany, revised 16 Mar 2014.
    7. Hasna Khemili & Mounir Belloumi, 2018. "Cointegration Relationship between Growth, Inequality and Poverty In Tunisia," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 2(1), pages 8-18.
    8. repec:zbw:rwidps:0030 is not listed on IDEAS
    9. Claudio A. Agostini & Philip H. Brown, 2010. "Local Distributional Effects Of Government Cash Transfers In Chile," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(2), pages 366-388, June.
    10. Augustin Kwasi Fosu, 2009. "Inequality and the Impact of Growth on Poverty: Comparative Evidence for Sub-Saharan Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 45(5), pages 726-745.
    11. Sodiq Arogundade & Mduduzi Biyase & Hinaunye Eita, 2021. "Foreign Direct Investment and Inclusive Human Development in Sub-Saharan African Countries:Does local Economic Conditions Matter?," Economic Development and Well-being Research Group Working Paper Series edwrg-01-2021, University of Johannesburg, College of Business and Economics, revised 2021.
    12. repec:dau:papers:123456789/4543 is not listed on IDEAS
    13. Juan Luis Londoño & Miguel Székely, 2000. "Persistent Poverty and Excess Inequality: Latin America, 1970-1995," Journal of Applied Economics, Universidad del CEMA, vol. 3, pages 93-134, May.
    14. B. Essama‐Nssah & Peter J. Lambert, 2009. "Measuring Pro‐Poorness: A Unifying Approach With New Results," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 752-778, September.
    15. Morley, Samuel A., 2000. "The effects of growth and economic reform on income distribution in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    16. Kraay, Aart, 2004. "When is growth pro-poor? Cross-country evidence," Policy Research Working Paper Series 3225, The World Bank.
    17. Bourguignon, Francois, 2005. "The Effect of Economic Growth on Social Structures," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 27, pages 1701-1747, Elsevier.
    18. Marcelo Bentes Diniz & Ricardo Bruno Santos do Nascimento & Márcia Jucá Teixeira Diniz & Cláudio Castelo Branco Puty & Sérgio Luiz de Medeiros Rivero, 2007. "A Amazônia (Legal) Brasileira: Evidências De Uma Condição De Armadilha Da Pobreza?," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] 090, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    19. Kouadio, Hugues Kouassi & Gakpa, Lewis-Landry, 2022. "Do economic growth and institutional quality reduce poverty and inequality in West Africa?," Journal of Policy Modeling, Elsevier, vol. 44(1), pages 41-63.
    20. Londoño, Juan Luis & Székely, Miguel, 1997. "Persistent Poverty and Excess Inequality: Latin America, 1970-1995," IDB Publications (Working Papers) 6092, Inter-American Development Bank.
    21. Inkyo Cheong & Valijon Turakulov, 2022. "How Central Asia to Escape from trade isolation?: Policy targeted scenarios by CGE modelling," The World Economy, Wiley Blackwell, vol. 45(8), pages 2622-2648, August.
    22. Francois, Joseph & Rojas-Romagosa, Hugo, 2005. "The Construction and Interpretation of Combined Cross-Section and Time-Series Inequality Datasets," CEPR Discussion Papers 5214, C.E.P.R. Discussion Papers.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sum:sjefsm:2018:p:31-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Managing Editor (email available below). General contact details of provider: https://www.sumerianz.com/?ic=journal-home&journal=26#h .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.