Poverty is profoundly endemic in many countries especially in less developed countries. 1. Ajani, O. I. Y. poverty measurement of Nigeria in 2004 stood at 54.4% and increased to 69% in 2010; while absolute poverty was recorded at 54.7% in 2004 and rose to 60.9% in 2010. Here in this post, we are going to outline and discuss the role of education in poverty reduction in Nigeria. Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015. Nigeria is one of the leading oil producing countries in the world. The sample size is 53 African countries, with a period from 2002 to 2012. A survey design was used to obtain cross-sectional data through questionnaires, focused group discussions (FGDs) and oral interviews. Ope-Agbe‘s ‘How Nigeria underdeveloped Nigeria’. Results Framework 13 3.1. Sharma, S. (2018). Poverty in Nigeria can also be caused by the political instability of the country. The poverty theory “There are people in the world so hungry, that God cannot appear to them except in the form of bread”. The opportunity theory is a reaction to the culture of poverty. income poverty as a result of the easy in its measurement and it has the availability of international measuring standard like the $1 and $2 per day. Program Components 19 4.1. The method of calculating the poverty thresholds is outdated, and as a result, current poverty thresholds are too low—arguably arbitrary—and do not adjust for differences in the cost of living within and across states. Table 3 also indicates that both urban and rural poverty levels have increased since 1980. They suggested that as poverty persists families adapt to economic deprivation and family in- teractions stabilize, an interpretation consistent with Elder and Caspi (1988) and with resilience theories that focus on family adaptation to … Further, 3 increasing IGR in a way that does not increase poverty depends on the instruments used and the specific economic conditions in a given state. Check them out below; As you can see from the above statistics, Zamfara State has the highest poverty level in Nigeria 2021, while Lagos State has the lowest in the country. The above statistics are based on a United Nations Global multi dimensional poverty Index report based on the poverty rate of Nigerian states The main focus of this research is to review the theoretical and empirical research on theories of poverty, poverty measures and outcomes. Modernization theory has much in common with the culture of poverty theory discussed in Chapter 8 “Social Stratification”. The Armed robbery theory posits that the high wave of armed robbery in Nigeria is The poverty situation also depicts country variations with countries like Uganda, Mali, Nigeria, Zambia, Niger, Madagascar, Zimbabwe, Burundi and Rwanda having more than 50 percent of their population living below $ 1 a day in 2002. The following are the causes of poverty: 1. However, for the measurement of poverty, Zweig used three standards, viz: personal or individual standards, social standards and scientific standards. Our theory of change. There is the armed robbery theory, wobble economy and opposition – ruling party theses. ... Nigeria did not survive for a long time. Yet with all of the attention that has been paid to poverty, the crucial role of the law, The within-case analysis of Nigeria’s uses micro-level data to evaluate globalization’s influence on poverty. We believe people in poverty have the power within them to create change for themselves, their families and communities. Labour market, unemployment and poverty trend: the case of Nigeria. Research Report 22 Development Policy Centre, Ibadan Nigeria. -Mahatma Gandhi. Nigeria. 2 million. In other words, according to case theories of poverty, individual and aggregate explanations are really the same. Analyzing poverty in Nigeria through theoretical lenses. This percentage rate represent in absolute term 86 million people out of an estimated population of about 116.4 million people. Africa is a priority for us and Nigeria is a top priority. The unit of analysis is the country year. On the average, 69.01 percent of the populations in Nigeria are in poverty. The embarrassing paradox of poverty in the midst of plenty in Nigeria suggests the compelling need for a single-minded pursuit of the objective of poverty reduction and its eventual elimination. The number of people living in extreme poverty has gone up from 2011 to 2016, and many more are vulnerable to falling into poverty, especially in the Northern regions of the country. The data and interpretation of them 22 3.2. 78 (1972), pp. Gender dimensions of agriculture, poverty, nutrition, and food security in Nigeria. Another theory on poverty is the individual attributes theory which posits that an individual’s location in the society is hierarchy of income and wealth is presumed to be determined by his own motivation, attitudes and abilities (Mc-Clelland, 1961 Hagen, 1962). The plot also 2.2 Theory of poverty in Nigeria Available online at www.exeliqpublishing.com 100 International Journal of Advanced Studies in Social Science & Innovation (IJASSI) 2018, Vol. It makes billions of dollars annually, yet the majority of the population lives in poverty. 2, No. Introduction. By 1996, the Federal Office of Statistics estimated poverty level in Nigeria at about 66%. The urban areas in Nigeria are known to be the sites of concentration of poverty and wealth, as well as problems and solutions, and the high incidence of poverty in cities in Nigeria has led to growing urban crime, neglect of agriculture, and unbalanced population concentration (Akinyemi et al. In this post we are going to give you Nigeria Poverty Statistics and Poverty Rate In Nigeria for the year 2021. The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty at a national level yet 5 million face hunger. Unemployment. Literature review focused on concepts and measures of poverty, as well as some relevant theories of poverty that seek to expose the causes and effects of poverty in developing countries. Barrack Obama, in a notable quote, said: “In the 21 st century, the best anti-poverty program around is a world-class education” . Targeting 8 2.1. theory of culture of poverty. Without a doubt, education plays a vital role in reducing the poverty rate within the country. For the sake of this discussion, let us consider some of the roles education plays in reducing poverty in Nigeria. They include: Increased rate of female child education Increased income. Emmanuel Oladipo Ojo * Ekiti State University, Nigeria. The impact of human capital development on economic growth of Nigeria. poverty situation in Nigeria. Journal of Sustainable Development, 11(1), 20-31. The research analyses the role of human capital development on Nigeria economic growth, the policies government has developed so far to improve human capital in nigeria, the reason why some failed and how all this play roles in driving the economic growth of the country. Nigerians living in poverty rise to nearly 61%. Despite being a middle-income economy, Nigeria fares astonishingly poorly in poverty and human capital related outcomes. Severely poor people lack the most basic necessities of life. Economic inequality in Nigeria has reached extreme levels, despite being the largest economy in Africa. The country has an expanding economy with abundant human capital and the economic potential to lift millions out of poverty. So how can this happen? What makes Nigeria so unequal and how big is this inequality gap? since poverty remains a development issue, it has continued to capture the attention of both national governments and international development agencies for several decades. So, we will be looking for the private sector and public sector partners in Nigeria to make this type of investments. Boye (1999: 51) in Bullion published by the Central Bank of Nigeria in this discussion “Poverty and measures for Poverty Alleviation” made references to the work of Akeredolu Are (1975) and Shelfideen (1997) who provided some four theories of poverty among which was the power theory of poverty. References. In 1985, the poverty level was 46% and it dropped to 43% by 1992. June 24, 2013. Poverty has a prevalent and epidemic issue in Nigeria, it was thoroughly discussed, analyzed and how possibly to eradicate poverty and also cushion he effect of existing poverty in the nation, it is a topic well researched with facts and figure, sit back and read through. Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. Nigeria. Poverty is a circumstance where people's basic needs for food, clothing, and shelter are not being met. Nigeria’s development despite her abundance in human, natural and material resources reveals that the country is yet to ... slow pace in achieving poverty and unemployment reduction in the country, as such, the country has not gone through ... some theories of development and the challenges to development in Nigeria, while also Many Nigerians want to know what really is the poverty level in the country as the numerous natural and human resources in the country have not been able to solve the problem of poverty … We hope you find this article helpful. Analyzing property rights in Nigeria from a Rothbardian point of view shows that the major reason for poverty in Nigeria is governmental neglect and abuse of property rights. to poverty than men. Theory of Change 17 4. rural poverty through programs that make it possible to sustain increases in per capita incomes and products. Theories of Poverty In analyzing poverty, researchers have come up with two basic theories of poverty which classified poverty based on … Many efforts and measures have been taken by the economy through various … At the present it is estimated to be 70% in 2012 (Fapojuwo et al., 2012). As indicated in Table 1, the incidence of poverty in Nigeria increased from 28.1 percent in 1980 to 88.0 percent in the year 2002. A first step in this direction is achieved in the second part of the book, "Metropolis and Region" by 0. 2.1.2. Add up all poverty explained by individual theories, and that is equal to total or aggregate poverty. Figure 1.4: Poverty incidence in Nigeria, 2000-2015 Source: National Bureau of Statistics As observed from Figure 1.4, the poverty incidences in Nigeria deepened between 2000 and 2015.
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