TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,
CALL: 08168759420, 08068231953
WHATSAPP: 08137701720
HAS POVERTY REDUCED IN NIGERIA 20 YEARS AFTER?
Abstract
The poor is overwhelming part of the labor force, one of the active factors of production, is the center-piece of any development, the innovative capacity of entrepreneur depends on the energy, effort and dexterity of the poor workers, yet paid little in a complicated job task! This paper attempts to examine poverty situation, given the economic growth and millennium development goals (MDGs) expenditure. The methodology employed is panel data analysis consisting of pooled model, fixed-effects, random-effects and weighted least square. The result revealed that, a unit increase in per capita GDP will lead to 0.6 % increase in poverty. Similarly, a unit increase in MDG expenditure leads to 11.56 units increase in relative poverty in the pooled model and this is significant at 95% level. This result is comparable to WLS model. The implication of this result is that economic growth and MDG spending has not substantially reduced poverty over the sample period. Consequently, to minimize the apparent suffering of the poor, the study calls for individuals, communities, stakeholders, policy makers, planners, government and international agencies to properly identify and target the poor via steering pro-poor programs not ad hoc measures as adopted previously. In addition, biometrics of the poor should be taken to allow proper poor tracking.
Keywords: Poor, Pro-Poor Program, Economic Growth, MDGs Expenditure.