Poverty drivers and Nigeria’s development: Implications for policy intervention
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 Development Indicators (WDI) for the period of 1992–2016 examined the key principles influencing povert...
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Online Access: | http://dx.doi.org/10.1080/23311983.2021.1927495 |
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doaj-626364fc162a443389f9cc61fe8345e22021-06-02T10:12:12ZengTaylor & Francis GroupCogent Arts & Humanities2331-19832021-01-018110.1080/23311983.2021.19274951927495Poverty drivers and Nigeria’s development: Implications for policy interventionBusayo Aderounmu0Dominic Azuh1Olaronke Onanuga2Ogundipe Oluwatomisin3Bowale Ebenezer4Akunna Azuh5Covenant UniversityCovenant UniversityResearch Fellow, Centre for Economic Policy and Development Research (Cepder), Covenant UniversityCovenant UniversityCovenant UniversityCovenant UniversitySeveral 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 Development Indicators (WDI) for the period of 1992–2016 examined the key principles influencing poverty rate in Nigeria and their implications for policy interventions. The result of the Autoregressive Distributed Lag (ARDL) model using several equations showed that unemployment increases poverty by approximately 1.4, 1.5 and 3.3 percent in the short run while inflation reduces poverty by approximately 0.08 percent in the short run. This implies that unemployment causes poverty while inflation, public resources devoted to austerity programmes and economic growth reduces poverty in the short run. The study recommends that government should put in place adequate measures and conducive environment to encourage more business operations in the country.http://dx.doi.org/10.1080/23311983.2021.1927495povertydevelopmentnigeriasdgs |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Busayo Aderounmu Dominic Azuh Olaronke Onanuga Ogundipe Oluwatomisin Bowale Ebenezer Akunna Azuh |
spellingShingle |
Busayo Aderounmu Dominic Azuh Olaronke Onanuga Ogundipe Oluwatomisin Bowale Ebenezer Akunna Azuh Poverty drivers and Nigeria’s development: Implications for policy intervention Cogent Arts & Humanities poverty development nigeria sdgs |
author_facet |
Busayo Aderounmu Dominic Azuh Olaronke Onanuga Ogundipe Oluwatomisin Bowale Ebenezer Akunna Azuh |
author_sort |
Busayo Aderounmu |
title |
Poverty drivers and Nigeria’s development: Implications for policy intervention |
title_short |
Poverty drivers and Nigeria’s development: Implications for policy intervention |
title_full |
Poverty drivers and Nigeria’s development: Implications for policy intervention |
title_fullStr |
Poverty drivers and Nigeria’s development: Implications for policy intervention |
title_full_unstemmed |
Poverty drivers and Nigeria’s development: Implications for policy intervention |
title_sort |
poverty drivers and nigeria’s development: implications for policy intervention |
publisher |
Taylor & Francis Group |
series |
Cogent Arts & Humanities |
issn |
2331-1983 |
publishDate |
2021-01-01 |
description |
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 Development Indicators (WDI) for the period of 1992–2016 examined the key principles influencing poverty rate in Nigeria and their implications for policy interventions. The result of the Autoregressive Distributed Lag (ARDL) model using several equations showed that unemployment increases poverty by approximately 1.4, 1.5 and 3.3 percent in the short run while inflation reduces poverty by approximately 0.08 percent in the short run. This implies that unemployment causes poverty while inflation, public resources devoted to austerity programmes and economic growth reduces poverty in the short run. The study recommends that government should put in place adequate measures and conducive environment to encourage more business operations in the country. |
topic |
poverty development nigeria sdgs |
url |
http://dx.doi.org/10.1080/23311983.2021.1927495 |
work_keys_str_mv |
AT busayoaderounmu povertydriversandnigeriasdevelopmentimplicationsforpolicyintervention AT dominicazuh povertydriversandnigeriasdevelopmentimplicationsforpolicyintervention AT olaronkeonanuga povertydriversandnigeriasdevelopmentimplicationsforpolicyintervention AT ogundipeoluwatomisin povertydriversandnigeriasdevelopmentimplicationsforpolicyintervention AT bowaleebenezer povertydriversandnigeriasdevelopmentimplicationsforpolicyintervention AT akunnaazuh povertydriversandnigeriasdevelopmentimplicationsforpolicyintervention |
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1721405315258253312 |