IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v5y2021i09p535-540.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-5-issue-9/535-540.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/virtual-library/papers/challenges-of-poverty-on-national-development-in-nigeria/
    Download Restriction: no
    ---><---

    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.
    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. Simplice Asongu & Rexon Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 38(2), pages 345-370, February.
    2. Asongu, Simplice & Nwachukwu, Jacinta C., 2015. "Finance and Inclusive Human Development: Evidence from Africa," MPRA Paper 71787, University Library of Munich, Germany.
    3. Kazeem B. Ajide & Olorunfemi Y. Alimi & Simplice A. Asongu, 2019. "Ethnic Diversity and Inequality in Sub-Saharan Africa: Do Institutions Reduce the Noise?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 145(3), pages 1033-1062, October.
    4. Simplice Asongu, 2016. "Reinventing Foreign Aid For Inclusive And Sustainable Development: Kuznets, Piketty And The Great Policy Reversal," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 736-755, September.
    5. Simplice A. Asongu & Oasis Kodila-Tedika, 2015. "On the Empirics of Institutions and Quality of Growth: Evidence for Developing Countries," Research Africa Network Working Papers 15/041, Research Africa Network (RAN).
    6. Simplice A. Asongu & Ivo J. Leke, 2019. "External flows and inclusive human development in Sub-Saharan Africa," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 5(1), pages 33-56.
    7. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Mobile Phone Penetration, Mobile Banking and Inclusive Development in Africa," The African Finance Journal, Africagrowth Institute, vol. 18(1), pages 34-52.
    8. Asongu, Simplice, 2014. "Reinventing foreign aid for inclusive and sustainable development: a survey," MPRA Paper 65300, University Library of Munich, Germany.
    9. Simplice A. Asongu & Ndemaze Asongu, 2018. "Comparative determinants of quality of growth in developing countries," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 4(1), pages 65-89.
    10. Asongu, Simplice A. & Nwachukwu, Jacinta C., 2017. "Quality of Growth Empirics: Comparative gaps, benchmarking and policy syndromes," Journal of Policy Modeling, Elsevier, vol. 39(5), pages 861-882.
    11. Simplice A. Asongu & Lieven De Moor, 2015. "Recent advances in finance for inclusive development: a survey," Research Africa Network Working Papers 15/005, Research Africa Network (RAN).
    12. Enisan Akinlo, Anthony, 2021. "Dynamic Linkages Between Government-Interventionists’ Policies, Growth, Inequality And Poverty In Nigeria," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 8(2), pages 45-64, June.
    13. Simplice Asongu & Vanessa Tchamyou, 2015. "Inequality, Finance and Pro-Poor Investment in Africa," Working Papers of the African Governance and Development Institute. 15/052, African Governance and Development Institute..
    14. Asongu, Simplice, 2015. "Welfare Spending and Quality of Growth in Developing Countries: Evidence from Hopefuls, Contenders and Best Performers," MPRA Paper 68312, University Library of Munich, Germany.
    15. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Foreign Aid and Inclusive Development: Updated Evidence from Africa, 2005–2012," Social Science Quarterly, Southwestern Social Science Association, vol. 98(1), pages 282-298, March.
    16. repec:unu:wpaper:wp2012-21 is not listed on IDEAS
    17. Ibrahim Mohamed Ali Ali & Imed Attiaoui & Rabeh Khalfaoui & Aviral Kumar Tiwari, 2022. "The Effect of Urbanization and Industrialization on Income Inequality: An Analysis Based on the Method of Moments Quantile Regression," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 161(1), pages 29-50, May.
    18. Valensisi, Giovanni & Gauci, Adrian, 2013. "Graduated without passing? The employment dimension and LDCs' prospects under the Istanbul Programme of Action," MPRA Paper 86966, University Library of Munich, Germany.
    19. Oasis Kodila-Tedika & Simplice A. Asongu & Julio Mukendi Kayembe, 2016. "Middle Class in Africa: Determinants and Consequences," International Economic Journal, Taylor & Francis Journals, vol. 30(4), pages 527-549, October.
    20. Simplice Asongu & Ndemaze Asongu, 2018. "The comparative exploration of mobile money services in inclusive development," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(1), pages 124-139, January.
    21. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Recent finance advances in information technology for inclusive development: a survey," Research Africa Network Working Papers 17/009, Research Africa Network (RAN).

    More about this item

    Statistics

    Access and download statistics

    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:bcp:journl:v:5:y:2021:i:09:p:535-540. 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: Dr. Pawan Verma (email available below). General contact details of provider: https://www.rsisinternational.org/journals/ijriss/ .

    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.