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Human Development ad Poverty Reduction in Nigeria: An Assessment of Millenium Development Goals (1990-2010)

Listed author(s):
  • Adediran Olanrewaju Adelowe


    (Crescent University, Abeokuta, Ogun State, Nigeria)

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    This paper attempted to examine the relation between human development and poverty indicator taken into consideration major millennium development goals parameters in Nigeria The importance of human development can not be over emphasized as Human Development Report came out in 1990 at a time when development in Africa and the rest of the Third World was in a state of flux as poverty was widespread experience across the countries. This research work was analytical in nature, employed econometric tools for the analysis. The analysis revealed that human development index (HDI) was first regressed on each on the poverty parameters in simple correlation analysis and the statistically significant at 10% and/or 5% level of significance. Also, HDI and some selected poverty related indicators of millennium development goals (MDGs) parameters show a reverse and unexpected relationship but statistically significant all the same using multiple regressions. The Augmented Dickey-Fuller (ADF) unit root test reveals that all the time series variable employed were stationary at levels for both the intercept and deterministic trend. Appropriate policies are therefore recommended on how best to achieve poverty reduction and MDGs. However, human development (HD) is too important to be under-rated in government policies as corruption and mismanagement of economic resources suffered a series of incorrect macroeconomic three types of financial diagnostic, namely: the financial diagnostic of the shareholders, the financial diagnostic of the leaders of the company and the financial diagnostic of the creditors.

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    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XI (2011)
    Issue (Month): 1 (May)
    Pages: 34-45

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    Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:34-45
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