Nigeria’s Poverty Reduction Scheme: Spreading Herself Too Thin?

Abstract

The Nigerian government expects to effectively pull 100 million Nigerians out of poverty by 2030. Without a doubt, the government was compelled to intervene because of the country’s severe poverty, as seen by the large number of out-of-school children, gender-based difficulties, and the residents’ pitiful socioeconomic realities. And, in order to get out of these mudslides, the government decided it was time to create a plan capable of resolving these concerns in less than a decade. However, tracing the Nigerian government’s track record of developmental failure, misplaced priorities, hasty policy formulation, and poor policy implementation that have remained recurrent feral flaws in the system, the paper expresses a cynical view about the plan’s realization; relying on historical accounts of vision failures and the country’s economic realities, it sees the scheme as an overzealous project taken too far and submits that it will be nothing different from the failed visions of the past.