Abstract
Several policies and programmes have been put in place to address the issue of poverty both in developing and developed countries of which Nigeria is not exempted. This study using data from World ...
Highlights
The importance of poverty is reflected in the fact that it is the first sustainable development goal (SDG) that seeks to end poverty in all forms by 2030
This implies that unemployment causes poverty while inflation, public resources devoted to austerity programmes and economic growth reduces poverty in the short run
The empirical analysis from this paper showed that unemployment is a serious issue that influences poverty in Nigeria economy
Summary
The importance of poverty is reflected in the fact that it is the first sustainable development goal (SDG) that seeks to end poverty in all forms by 2030. Ucha (2010) argued that unemployment among graduates, non-diversification in the economy, corruption in public offices, inequality in income, low quality of education and idleness are the key factors that affect poverty in Nigeria They buttress that despite the multi-dimensional nature of poverty within the country, these various causes of poverty are related to each other and they reinforce each other. With the use of qualitative and quantitative research, the study of Nyandoro and Dube (2013) argues that despite the level of poverty in most African countries, Africa has experienced economic growth since post-independence It argues that the success of the continent to achieve growth or poverty reduction can be observed through the lens of other continental human-poverty trends rather than the income distributional processes measure. The cointegration bound test, serial correlation, and heteroscedasticity test are the diagnostic tests conducted
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