Poverty Alleviation In Nigeria Research Articles

The Impact Of Ecological Sustainability On Poverty Alleviation In Nigeria: ARDLM Co-Integration From 1981 To 2021: Policies Perspectives

The aim of the research is to examine the impact of ecological sustainability on poverty alleviation in Nigeria. Despite finding the limit to growth theoretical clarity, it is more justifiable to verify the connection that ecological sustainability does not relate to policies perspectives for improving the well-being of poor people. Employing Autoregressive Distributed Lag Model (ARDLM) to analyze the impact of social and economic sustainability on poverty reduction based on ecological policies perspectives from 1981-2021. Use the limit-to-growth theory to examine the hypothesis in poverty alleviation as well as the ecological policies perspectives such as social or urban growth, economic or empowerment sustainability. The results reveal that ecological policies perspectives correlated with social and economic sustainability in alleviating poverty. In addition, social sustainability is positive and significant, while economic sustainability is negative and insignificant in the short- and long-run on poverty alleviation. Besides, the impact of ecological policies on social sustainability on poverty alleviation is found to be positive and economic insignificant, which does not confirm the hypothesis on growth limit that creates an impact on ecological policies perspectives.

Information and communication technology and poverty alleviation in Nigeria

There is a disconnect between the abundant resources at the national level and the severe poverty at individual and household levels in Nigeria. Information and communication technology is an efficient tool that the Asian economies have used to alleviate poverty. Information and communication technology is regarded as a tool which helps create an information and communication technology-based economy. This quantitative study examined how Nigeria can use information and communication technology to alleviate the enormous poverty levels. Data were sourced from the World Bank and International Telecommunication Union, for the period 1992–2020. In terms of the research methodology, the Autoregressive Distributed Lag model was employed in the research. The empirical findings showed that information and communication technology can have a projected 50% positive effect in reducing poverty. Foreign direct investment had a positive effect on reducing income inequality. Primary research findings depicted that information and communication technology, economic growth, foreign direct investment and private domestic credit were key tools for reducing poverty in Nigeria. Concerning policy recommendations, it was suggested that private domestic credit and foreign direct investment should be channelled to the information and communication technology sector to have a greater impact on poverty alleviation.

The Effects of Fiscal Policy on Poverty Alleviation in Nigeria

The Effects of Fiscal Policy on Poverty Alleviation in Nigeria

Poverty Alleviation through Women Empowerment Initiatives in Nigeria

This research investigates the nexus between women’s empowerment initiatives and poverty alleviation in Nigeria with focus on economic, psychological, social, and educational dimensions. The study is grounded in the Capability Approach. A cross-sectional design was employed and primary data was collected via close-ended questionnaires from a sample of 384 randomly selected from 18,080,973 female beneficiaries of the National Cash Transfer Programme. Multiple regression analysis was used to analyse the data collected. The findings reveal a positive correlation between Economic Empowerment (ECE), Psychological Empowerment (PS), and Social Empowerment (SE) with Poverty Alleviation (PA). Unexpectedly, Educational Empowerment (EDE) exhibits a negative association with poverty alleviation. Introducing Monitoring and Evaluation (ME) as a crucial moderating variable, the research emphasizes its role in optimizing empowerment program impact. This study offers valuable insights into the relationship between women’s empowerment and poverty alleviation in Nigeria. Positive correlations in economic, psychological, and social dimensions emphasize the holistic nature of effective empowerment. The unexpected negative association with educational empowerment prompts a reassessment. The inclusion of Monitoring and Evaluation as a crucial moderating variable underscores its importance. Policy efforts should focus on holistic empowerment strategies, tailored educational initiatives, and robust Monitoring and Evaluation practices for continual program improvement.

Agricultural Productivity and Poverty Alleviation in Nigeria

The study is designed to examine the relationship between agricultural productivity and poverty alleviation in Nigeria from 1981 to 2020. To achieve this objective, secondary data were collected on the relevant variables namely per capita income, which was used as a proxy for poverty, agricultural output, agricultural loans to individuals, and the real gross domestic product. The data used were sourced from the Central Bank of Nigeria (CBN) statistical bulletin and the World Bank database. The study adopted the Philips Perron test in testing for stationarity and the variables had a mixed order of integration. Auto Regressive Distributed Lag Model (ARDL) was adopted in carrying out the analyses after cointegration was established using the ARDL bounds test. The result of the study showed that an increase in agricultural output improved per capita income, which reduced the level of poverty. The model was also found to have no autocorrelation implying that the findings of the study are suitable for predictions and forecast. The study concluded that poverty can be alleviated through the improvement of the agricultural sector. The study also recommended among other things that the government should embark on policies that can strengthen the agricultural sector in Nigeria.

Is Micro-financing a Viable Tool for Poverty Alleviation?: An Assessment of a Leading Microfinance Bank in Nigeria

Is micro-financing a viable poverty alleviation tool for its clients? We reflected on this question and conducted a longitudinal study using the 2011 Poverty Probability Index (PPI) to measure the household poverty of LAPO Microfinance Bank clients. The bank’s non-financial services were also examined to determine their benefits for clients. Using a multistage sampling technique, 1000 clients across the six geopolitical zones in Nigeria were selected for the study. We found that clients’ poverty likelihood index (PPI) declined from 11.62% at baseline to 9.86% at post-assessment. Poverty differentials by some socio-demographic disaggregates were observed. Compared to urban and peri-urban clients, rural resident clients had higher poverty likelihood. Disaggregated by geo-political zones, poverty likelihood was higher in northern Nigeria compared both to other zones and the national poverty likelihood. Female clients (12.32%) had higher poverty likelihood than males (9.73%). However, among all these categories, poverty likelihood declined in the post-assessment phase. Premised on the outcome of economic disruption experienced during the lockdown, we observed that clients who assessed only one loan cycle had higher poverty likelihood than their counterparts. We advanced two interrelated positions. The first relates to an inverse relationship between the number of loans accessed and poverty likelihood while the second argues that businesses at the early stage are worst affected during economic disruptions but can leverage on microfinance infrastructure to keep afloat. While our study advances the understanding of microfinance infrastructure and poverty alleviation in Nigeria, we recommend a continuous flow of loans and provision of non-financial services to clients. We also recommend that operating environment be made favourable for providers to keep impacting lives through microfinance financial and non-financial services.

Entrepreneurship Development on Poverty Reduction in Nigeria

The study investigated entrepreneurship development on poverty alleviation in Nigeria. Desk survey method was used to gather relevant information while chi-square tool was adopted to statistically analyze the relationship between entrepreneurship development and poverty alleviation. The findings revealed that entrepreneurial activities had a significant relationship with poverty alleviation; there was a significant relationship between entrepreneurship and economic growth and poverty alleviation; there was a significant relationship between entrepreneurship effectiveness and efficiency with poverty alleviation. Based on these findings, the study recommended that government should implement strategies that will help to support micro-credit and employment opportunities. The study recommended that entrepreneurs need to be innovative and creative and its activities should be a key component to increasing living standards.

Mobile Payment Technology and Poverty Alleviation in Nigeria

The main purpose of the study was to examine the effect of mobile payment technology on poverty alleviation in Nigeria. The study was carried out in Rivers State of Nigeria. The population of the study consisted of people living in Rivers State of Nigeria. Both multistage and purposive sampling techniques were employed to obtain a sample size of 223 respondents for the study. A structured questionnaire served as the major instrument of data collection in the study. The issue of validity and reliability of the research instrument was also addressed in the study. Data obtained from the field survey were first presented with simple descriptive statistics such as tables, frequencies, graph and percentages. The data were tested with simple regression model using the SPSS software version 25.0. Findings show that mobile payments technology was positively and significantly related to consumption expenditure of the studied respondents in Rivers State of Nigeria. Based on the findings, the study concluded that embracing digital technology is a major tool in the alleviation of poverty particularly in developing country like Nigeria. It was recommended that the Central Bank of Nigeria needs to intensify effort in building am economy that is cashless by come up with effective monetary policies that can influence the use of digital infrastructure.

Linking Safety Net Schemes and Poverty Alleviation in Nigeria

This article discusses shared experiences of receiving safety net benefits by research participants and whether such benefits help poverty alleviation. Towards that end, it suggests improving safety net schemes. By following a qualitative research approach and purposive and snowball sampling methods, 24 beneficiaries were interviewed in the six geopolitical zones of Nigeria. With the aid of Nvivo 12pro, content and thematic technique were used to analyse the data. Key themes that shaped the participants’ experiences were: Institutional framework, strategic plan and documentation, continuous improvement and follow-up, community targeting and reliance on state support. It argues that the adoption of safety net schemes towards poverty alleviation needs to have an institutional framework and local engagement. Overall, it reenforces the government’s role in human capacity development by unravelling the relevance of policy and institutional programmes as a guiding path towards ameliorating the poverty level not only in Nigeria but also in similar countries in Africa.

Bolstering the Impact of Social Entrepreneurship and Poverty Alleviation for Sustainable Development in Nigeria

Social entrepreneurship has gained increasing attention as a means to address social problems, including poverty, in Nigeria. Poverty is a major challenge in Nigeria, with a poverty rate of over 40%. Poverty alleviation is critical to achieving sustainable development in the country. Social entrepreneurship can play a key role in addressing poverty by creating jobs, providing access to goods and services, and promoting economic growth. Hence, this study examines bolstering the impact of social entrepreneurship and poverty alleviation for sustainable development in Nigeria. The research focuses primarily on fostering economic, social, and environmental improvements, as well as improving people’s lives. Three hypotheses were formulated to help accomplish the primary objectives of the study. The Opportunity-Based Entrepreneurship Theory, Social Network Theory, and Schumpeterian Theory of Innovation were used to explain the objective of the study. In this study, a purposive sampling technique was used, and 300 copies of structured questionnaires were administered to selected social entrepreneurs of which 262 copies were retrieved and used for the analysis. The data were analyzed using structural and measurement models, and the path coefficient was determined using PLS-SEM. The significance level was calculated using the bootstrapping method. The results from the test of hypotheses showed that; the most significant predictor of poverty alleviation is social innovation (β = 0.376, p < 0.05), followed by the social value (β = 0.314, p < 0.05), and finally, social impact (β = 0.231, p < 0.05). This study concludes that social innovation is fundamental for empowering individuals and communities to lift themselves out of poverty and achieve long-term prosperity. The study recommends that to promote sustainable social entrepreneurship and poverty alleviation in Nigeria, the government can create policies and programs that support social innovation, such as providing access to funding, business training, and mentorship. The government can also collaborate with entrepreneurs and organizations to promote their initiatives and create a supportive ecosystem for social entrepreneurship.

Institutional Financing and Poverty Alleviation in Nigeria

Institutional Financing and Poverty Alleviation in Nigeria

Poverty Implications of COVID-19 and Government Social Protection Programmes in Nigeria

The sole objective of this paper was to investigate the poverty implications of COVID-19 on Nigerians, relative to the effectiveness of the government’s social protection programs in mitigating the socioeconomic strain caused by the pandemic. The paper used documentary analysis to assess the impact of COVID-19 on Nigerians’ socioeconomic lives and the government’s policy response to the situation. The review found that COVID-19 exacerbated the existing poverty in Nigeria, and most of the government policy programs were not effective in mitigating the effects. We concluded that government policy responses to the socioeconomic strain caused by the pandemic were ineffective due to the pre-existing poor performance of social protection programs in Nigeria before the onset of COVID-19. As the world prepares for future pandemics, we recommend that the Nigerian government overhaul the existing social protection programs on poverty alleviation in Nigeria by addressing all gaps and looking for effective and strategic ways such programs can achieve desirable results.

Microfinance Credit and Poverty Alleviation in Nigeria (2008 to 2019)

The study examined the relationship between microfinance credit and alleviation of poverty in Nigeria, Poverty can be regarded as the denial of choices and opportunities, a defiance of human dignity. Despite all the policies and measures, taken to reduce poverty , no noticeable success has been achieved in this direction. The key issue is to find out the relationship between microfinance credit and poverty alleviation in Nigeria. using unemployment rate, fixed capital formation and per capita income as proxy for poverty alleviation, while micro finance credit was used as the independent variable of the study. The study covered a period of eleven years from 2008 to 2019. Ordinary least square regression analysis was used in testing the hypotheses of the study. The regression result found that there is a significant relationship between microfinance bank and unemployment rate in Nigeria, there is a significant relationship between microfinance bank and capital formation in Nigeria and there is a significant relationship between microfinance bank and per capita income in Nigeria. The study therefore concluded that microfinance credit has the ability of reducing rate of poverty in the country. The study therefore recommends that the Central Bank of Nigeria should regulate and monitor the activities of Microfinance and also administer specialized funds set aside to improve microcredit access at affordable cost, especially SME Credit Guarantee Schemes.

An Exploratory Study on Communication, and Poverty Alleviation in Nigeria: Prospects and Challenges

Poverty is a prevalent global developmental challenge recognised by the United Nations (UN) as part of the Sustainable Development Goals (SDG) and the desire to eradicate it is identified as goal number one (No Poverty). The challenges and setbacks to achieving poverty alleviation in Nigeria are multifaceted, including political, economic, and in some cases communication-related. Communication plays a role in promoting knowledge, social inclusion, and national development programmes. Consequently, where there is a communication gap, it is likely to result in an interruption in the attainment of poverty alleviation objectives. Nigeria is a peculiar reference case with respect to poverty prevalence. The country accounts for one of the highest numbers of poor people worldwide. Nearly half of Nigeria’s 200 million population are living below the international poverty line of $1.9 per day. This study examined the role of communication in poverty alleviation in Nigeria. Development media theory underpinned the study. The study identified media ownership structure, political concern, media bias, or lack of interest as part of the communication constraints acting as limiting poverty alleviation efforts in Nigeria. It recommends leveraging existing and new communication strategies, techniques, and approaches, beyond the traditional media, toward achieving the goal of eradicating extreme poverty by the year 2030.

Challenges Hindering Islamic Microfinance Banks’ Sustainable Financial Inclusion: A Case of Al-Hayat Microfinance Bank in Ogun State, Nigeria

Microfinance is regarded as an effective technique of poverty alleviation since it provides access to financial resources that can assist in poverty reduction by increasing financial involvement and empowerment. However, despite the fact that microfinance banks account for the vast bulk of the market in Nigeria, with over 800, their contribution to the country’s economy is less than 1%. Additionally, the primary objective of poverty eradication has not been accomplished. Thus, existing research has positioned Islamic microfinance institutions as a viable tool for poverty alleviation in Nigeria. However, Islamic microfinance banks in Nigeria continue to witness minimal development. This research investigates the challenges hindering the development of Islamic microfinance banks in Nigeria. Semi-structured interviews were used to collect data for this study. In addition, data reduction, coding, integration, and visualisation steps are implemented to analyse data effectively. The finding shows that several regulatory issues, such as licence procedures requiring paid-up capital, are some challenges. Likewise, awareness, misconceptions, and acceptance remain significant hindrances faced by IMFBs in Nigeria. Additionally, IMFBs face some in-house challenges, such as a lack of Islamic fintech, convenient access to the unbanked community, and human capital. Consequently, the study recommends that stakeholders in the Nigerian financial system launch public awareness campaigns about the significance of Islamic microfinance banks in promoting financial inclusion and reducing poverty.

Analysis of the Impact of Microfinancing on Poverty Alleviation in Nigeria

A survey was carried out in Ogbomoso Metropolis, Oyo-State of Nigeria to critically evaluate the impact of microfinance banks as a strategy for poverty alleviation in Nigeria. The Standard of living of the respondents was examined and the extent to which microloans are available to develop small and medium enterprises were also evaluated. Evaluation of the strategies was carried out through direct administration of questionnaires on the microfinance banks’ customers. Primary data were analysed using Chi-square Test, Pearson correlation and Analysis of Variance (ANOVA) test. The results revealed that the relationship between the standard of living of the respondents and the impact of microfinance banks on their household was positive and significant with p < 0.05 and r = 0.212, the result also revealed that the poor have good access to credit facilities from microfinance bank for the development of micro-enterprises as the t-statistic test showed a value of 16.383 with p < 0.05. Given the result of the evaluation of the impact, a conclusion was drawn that microfinance banks have the potential to alleviate poverty especially by improving the standard of living of the poor and making available microloans for micro-enterprise. Hence, a persistent increase in microfinance credit led to a drastic reduction in poverty in Nigeria.

PARADIGM FOR RURAL POVERTY ALLEVIATION IN NIGERIA: PUTTING THE RURAL PEOPLE AT THE TOP

The alleviation of poverty in Nigeria has rather proven to be an uphill task as poverty remains endemic, particularly amongst the rural population. This paper interrogates the poverty alleviation programmes of the Nigerian government in the current decade with a view to proposing an alternative paradigm for rural poverty alleviation. Through an observationaltheoretical approach, a model of poverty alleviation that is anchored on the perceptions, views and aspirations of the rural people was articulated and presented. The model represents a shift from a conventional top-bottom approach where the “Urban Elites” occupy the top role in the poverty alleviation schemes to put the rural people at the top. It is believed that making rural people major stakeholders in the planning and implementation of poverty alleviation programmes in their domain is key to addressing rural poverty

Economics of catfish hatchery farmers and its contribution to household poverty alleviation in Nigeria

Abstract Fish and fisheries products are considered as one of the most substantial parts of Nigeria economy. Demand for these products is on the high side due to the rapid growth of human population, changes in lifestyle and eating habits. Fishery is thus serving as a source of employment, income generation and food security. This paper made use of the data gathered from the farm and household levels to analyse the economics of catfish hatchery farming and its contribution to household poverty alleviation in Oyo and Osun States, Southwest Nigeria, using profitability analyses, Foster-Greer-Thorbecke index and Tobit regression models. The findings indicate that fish hatchery farming is profitable, altough 43.1% of fish hatchery farmers interviewed were above the poverty line. Thus, the enterprise significantly (p &lt; 0.05) reduced poverty in the study area. Furthermore, the effects of socioeconomic variables, gender, education level, and framing experience (p &lt; 0.01); marital status and household size (p &lt; 0.1); labour employed, hatchery units, quality of fish seed produced and membership of cooperative society (p &lt; 0.05) indicating several interactions between poverty and the variables analysed. In conclusion, policy makers, government and non-governmental organisation should give the enterprise adequate attention and support as this could be adopted in lifting the country from poverty.

Sectoral Allocation of Foreign Aids and Poverty Alleviation in Nigeria, 2010-2020

The study was necessitated by the high rate of poverty in Nigeria regardless of the foreign aids inflow into the country from 2010 to 2020. Whereas the country received foreign aids which could have resulted in poverty alleviation within the period of this study, she antithetically witnessed increase in poverty rate to the extent that the World Bank in May 2018 reported that Nigeria had emerged poverty capital of the world. According to the National Bureau of Statistics’ report, over 82.9 million persons, representing about 40.1 percent of the total population, were considered poor by national standards as at 2019. The poverty challenge inspite of the foreign aids inflow into Nigeria therefore necessitated the question on how sectoral allocation of foreign aids contributed to poverty alleviation in Nigeria from 2010 to 2020. Anchored on the Big Push Theory, the study adopted ex-post facto research design and documentary method for data collection. Qualitative descriptive method was used for data analysis. Among other things, the study found out that sectoral allocation of foreign aid resources did not contribute to poverty alleviation in Nigeria from 2010 to 2020 as those sectors critical for poverty alleviation did not receive massive investments. On the contrary, the foreign aids were split among numerous (consumption) sub-heads which rendered the aids incapable of contributing to poverty alleviation in the country. In view of the findings, the study therefore recommended the need to channel future foreign aids inflow into projects with high capital returns or the productive sectors of the economy in order to achieve a positive outcome on poverty alleviation.

Prospect of forestry in poverty alleviation in Nigeria

The subject of poverty alleviation cannot be over emphasized, this is because its incidence is rampant worldwide and most importantly in the developing countries such as Nigeria. A significant number of the populace, both in the rural and urban centers of the country is affected by poverty. Different scholars have defined poverty and a simple, succinct and encompassing definition is that it is a condition where an individual is not able to adequately cater for his/her basic needs or lacks minimum standard of living. There are many causes of poverty and they all have immediate and future effect on the group of people affected. Many attempts have been made to lessen poverty in Nigeria by successive administration but failed due to one reason or the other. Nigeria has been described by many people as a blessed country and “a land flowing with milk and honey”, this is because of the natural resources that the country has among which Forest is. Forests consist of trees, shrubs and diverse animals living in them. Careful and sustainable management of these natural and artificial forests has hope of drastically reducing poverty to the barest minimum in Nigeria.