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Prudent Macroeconomic Management for Poverty Reduction and Sustainable Development in Nigeria

Author

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  • John N.N. Ugoani

    (PhD, Senior Lecturer, College of Management and Social Sciences, Rhema University, 153-155 Aba Owerri Road, Aba, Nigeria)

Abstract

The high levels of corruption, unemployment and abysmal development reflect a situation of poor macroeconomic management in Nigeria. Sound macroeconomic policies and management contribute in many ways to high quality growth that has positive correlation with poverty reduction. Increased and more efficient public spending in the areas of public education, healthcare, and employment remain the catalysts for poverty reduction and sustainable development. It is believed that efficient use of resources is central to economic growth and sustainable development. Descriptive research design was used for the study. Data generated were triangulated, analyzed and it was found that prudent macroeconomic management has positive association with poverty reduction and sustainable development.

Suggested Citation

  • John N.N. Ugoani, 2017. "Prudent Macroeconomic Management for Poverty Reduction and Sustainable Development in Nigeria," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 3(11), pages 272-281, 11-2017.
    • Handle: RePEc:arp:ijefrr:2017:p:272-281
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    References listed on IDEAS

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