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Economic Growth, Employment Generation and Poverty Reduction in Nigeria

Economic Growth, Employment Generation and Poverty Reduction in Nigeria
Author: Aderibigbe Stephen Olomola
Publisher:
Total Pages: 60
Release: 2016
Genre:
ISBN:

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The relationship among economic growth, employment and poverty reduction is an organic one such that the evolution of economic growth is intimately tied to the evolution of employment generation and poverty reduction. Imbalances in macro-economic policies and poor implementation could result in unemployment thereby exacerbating inequality and poverty. The methodology of the study is basically a macro level analysis of how economic growth could contribute to poverty reduction through increases in employment in higher productivity sectors/occupations and a rise in wages. It employs intensity of growth as measured by the GDP elasticity of employment. The technique further involves a macroeconomic analysis of the linkage between the incidence of poverty and employment intensity of growth in Nigeria. The study found among other things that poverty has risen since the resumption of growth in Nigeria. Although there seems to be some decline in relative poverty in recent past, the actual number of people in poverty continues to rise considerably. Moreover, the analysis shows that inequality in income distribution is widening and varies between female- and male-headed households. The developments that are found to make a positive contribution to poverty reduction include structural transformation of employment towards manufacturing and other non-farm sectors, education, and lowering of the dependency burden (i.e., increase in labour force participation). Thus, efforts to reduce poverty will have to focus on the informal sector, acknowledging this sector as not a problem for development, but rather as a starting point for achieving development and poverty reduction.


Working Out of Poverty

Working Out of Poverty
Author: M. Louise Fox
Publisher: World Bank Publications
Total Pages: 96
Release: 2008-01-01
Genre: Business & Economics
ISBN: 0821374435

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"This book reviews the literature and presents original research by the authors analyzing job creation in Sub-Saharan Africa in light of economic performance over the decade and more since 1995. The book identifies factors that impact job creation, both inside the labor market (such as labor supply and demand) and outside of it (overall investment climate)."--Jacket.


Poverty in Nigeria

Poverty in Nigeria
Author: Mustapha C. Duze
Publisher: Adonis & Abbey Publishers
Total Pages: 252
Release: 2008
Genre: Business & Economics
ISBN:

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One of the critical concerns in Nigeria is how to alleviate poverty in the country. The general prevalence of poverty in Nigeria is paradoxical because the country is one of the biggest oil-producing countries in the world. A 1999 World Bank report for instance showed that some 70 per cent of the population lives below the bread line - usually considered as living on less than US$1.00 a day. This raises a number of very important questions: What are really responsible for the wide prevalence of poverty in Nigeria in the midst of plenty? How is poverty manifested in the country? What alleviation strategies are in place? How effective are they? And what are the implications of all these for the country's democracy project, political stability, nation-building and development discourse? Contributors to this volume address these questions and provide insights into some of the central issues in the discussion of poverty, including how the poor themselves struggle to cope or adapt to their condition. Using multidisciplinary perspectives, the contributors critique the current alleviation strategies and recommend more viable and better- targeted approaches that will sharply reduce the incidence of poverty in Nigeria. _____________________________________________ * Mustapha C. Duze is a Professor of Sociology at Bayero University, Kano, Nigeria. He did his undergraduate studies in Sociology at the University of Ife, Nigeria, and holds a PhD in Demography from the University of Pennsylvania, U.S.A. Professor Duze also holds a Diploma in Survey Sampling from the Institute of Social Research, University of Michigan, Ann Abor, U.S.A He was Head of the Department of Sociology at Bayero University (1994-1999) and the Director of the General Studies Unit of the same University (2002 to 2006). He has published widely in scholarly journals and has co-authored several books. He is currently the Editor-in-Chief of Bayero University's Journal of interdisciplinary Studies. *Dr. Habu Mohammed holds a PhD in Political Science from Bayero University, Kano, Nigeria. He is currently a senior lecturer in the Department of Political Science, Bayero University, Kano-Nigeria. He has published widely in the areas of political economy, political development, peace studies, human rights, civil society and democratization. He is a co-editor of Readings in Social Science Research (2006) and editor of Concepts and Issues in Peace Studies and Conflict Resolution (2005). He is a Member of the Editorial Board of the faculty-based Journal of Social and Management Studies (JOSAMS). He was also a Fulbright Fellow at the Programme of African Studies (PAS), Northwestern University, Illinois, U.S.A. * Professor Ibrahim Ahmed Kiyawa did his undergraduate studies at the University of Bradford in the United Kingdom and a doctorate degree in Development Economics, from Maxwell School, Syracuse University, New York, USA. Professor Kiyawa was a Dean of the Faculty of Social and Management Sciences, Bayero University, Kano-Nigeria for a long time, and Head of the Department of Economics, which he founded in 1976. Professor Kiyawa has over 30 years of teaching and research experience. He has published extensively in national and international journals and has edited a number of books, including Management of the Nigerian Economy under Democratic Administration (2000), Accountability, Finance, and Financial Discipline in Local Government Administration (1999), Topics on the Nigerian Economy (1988), and Export Promotion as a Strategy for Industrialization (1988). Prof. Kiyawa is the Editor-in-Chief of the Journal of Social and Management Studies ( JOSAMS).


Transforming Agribusiness in Nigeria for Inclusive Recovery, Jobs Creation, and Poverty Reduction

Transforming Agribusiness in Nigeria for Inclusive Recovery, Jobs Creation, and Poverty Reduction
Author: Elliot Mghenyi
Publisher: World Bank Publications
Total Pages: 187
Release: 2022-02-08
Genre: Business & Economics
ISBN: 1464817243

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Nigeria has for decades placed enormous emphasis on diversifying its economy beyond oil and into sectors such as agribusiness and manufacturing. Lack of progress on the diversification agenda could be blamed on weak implementation and misalignment of public spending, but it also reflects more profound underlying issues. For example, declarations that any particular sector should drive diversification without offering clarity on specific investment priorities and expected outcomes will not persuade budget holders to allocate development resources. The lack of clarity also deprives policy makers and practitioners of the information, inspiration, and conviction to develop and execute sector plans that could operationalize diversification. Transforming Agribusiness in Nigeria for Inclusive Recovery, Jobs Creation, and Poverty Reduction: Policy Reforms and Investment Priorities aims to provide that clarity by illustrating the potential of the agribusiness sector to accelerate inclusive growth, create jobs, and reduce poverty. Building on an early finding that this sector provides the best prospects for inclusive growth and more and better jobs, the book identifies the specific agricultural value chains with the highest potential to create jobs, reduce poverty, and improve nutrition outcomes. The findings demonstrate, however, that the value chains with the most potential to pursue one policy objective are not necessarily as effective for other objectives, clearly calling for selectivity of value chains, depending on policy objectives. The book also estimates the level of growth required to meet specific jobs targets and finds that the growth burden is lower when on-farm and off-farm segments of agribusiness grow in tandem and higher if either segment stagnates. It concludes that a whole-of-agribusiness approach that emphasizes coordinated investments between on-farm and off-farm segments is needed to enable the sector to meet its potential in creating jobs and generating inclusive growth.


An Empirical Investigation on the Impact of Increased Financing of the Agricultural Sector on Poverty Reduction, Unemployment and Economic Development in Nigeria

An Empirical Investigation on the Impact of Increased Financing of the Agricultural Sector on Poverty Reduction, Unemployment and Economic Development in Nigeria
Author: Nwabueze Prince Okenna
Publisher:
Total Pages: 8
Release: 2020
Genre:
ISBN:

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This research work aims to investigate the impact of previous finances allocated to the agricultural sector has had on Nigeria's economic development and its contributions to poverty and unemployment rate reduction.The research will also investigate based on findings, the impact future increased financing of this sector will equally have on poverty reduction, employment generation and economic development in Nigeria and also, analyse other potentials the agricultural sector has that can impact the growth and development positively and contribute to poverty reduction as well.Based on the result and findings, various development-friendly policies and recommendations will be proffered that will be implemented to contribute favourably in attracting investors both foreign and local, boost these investors' confidence in this sector.The work will also identify and recommend other potentials the agricultural sector has that can impact positively on the country's existing potentials.


Nigeria

Nigeria
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 101
Release: 2005-12-19
Genre: Business & Economics
ISBN: 1451828993

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This Poverty Reduction Strategy Paper for Nigeria highlights the National Economic Empowerment and Development Strategy (NEEDS). NEEDS gives special support to agriculture, industry, small and medium-scale enterprises, and oil and gas. Under the plan, the government will seek long-term capital for investment. Trade policy will be modified to unburden business of the red tape and complex procedures that hinder it from flourishing. NEEDS envisages forging stronger links between educational institutions and industry to stimulate rapid industrial growth and efficient exploitation of resources.


Poverty in Nigeria

Poverty in Nigeria
Author: Mustapha C. Duze
Publisher: Adonis & Abbey Publishers Ltd
Total Pages: 242
Release: 2008-05-20
Genre: Reference
ISBN: 1912234564

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One of the critical concerns in Nigeria is how to alleviate poverty in the country. The general prevalence of poverty in Nigeria is paradoxical because the country is one of the biggest oil-producing countries in the world. A 1999 World Bank report for instance showed that some 70 per cent of the population lives below the bread line - usually considered as living on less than US$1.00 a day. This raises a number of very important questions: What are really responsible for the wide prevalence of poverty in Nigeria in the midst of plenty? How is poverty manifested in the country? What alleviation strategies are in place? How effective are they? And what are the implications of all these for the country's democracy project, political stability, nation-building and development discourse?Contributors to this volume address these questions and provide insights into some of the central issues in the discussion of poverty, including how the poor themselves struggle to cope or adapt to their condition. Using multidisciplinary perspectives, the contributors critique the current alleviation strategies and recommend more viable and better- targeted approaches that will sharply reduce the incidence of poverty in Nigeria.


Smart Economics

Smart Economics
Author: Oluyomi Ola-David
Publisher:
Total Pages: 24
Release: 2014
Genre:
ISBN:

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Conventional wisdom has been that rapid economic growth would lead to job creation. However, despite laudable growth rates in past years, Nigeria has experienced a worsening in human development indicators including poverty, inequality and unemployment. Literature shows that economic policies do have an impact on employment, but evidently Nigeria's employment policies have not lent to fill the ever-increasing employment gap. Why has this been the case? Furthermore, why have women tended to fare worse than men on most employment indicators? This paper gives an exposition on Nigeria's jobless growth situation by looking at some economic policy choices that have been embarked on since independence and how they impacted on poverty and employment. It portrays this sequence of events, in addition to drawing attention to various other institutional factors, in order to produce a rich narrative of the labour market scenery in which Nigerian women have to “act”. It applies the concept of smart economics that recognizes that gender equality contributes to greater efficiency, productivity and inclusive growth. Finally, in addition to recommending that labour market policies should continually be aware of the importance of and strengthen the productive capacities of small and medium enterprises, and the informal economy which tend to be drivers of job creation in the economy and for women in particular, it proposes integrating a decent work agenda that promotes full and productive employment, rights at work, social protection and the promotion of social dialogue into future employment policies.


Poverty Reduction in Nigeria

Poverty Reduction in Nigeria
Author: F. Okunmadewa
Publisher:
Total Pages: 46
Release: 2001
Genre: Poor
ISBN:

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