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Social and Behavioral Sciences Commons

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Economics

2001

Economic and Financial Review

Poverty Reduction

Articles 1 - 5 of 5

Full-Text Articles in Social and Behavioral Sciences

An Appraisal Of Poverty And Poverty Reduction Strategies In Nigeria, Fidelis O. Ogwumike Dec 2001

An Appraisal Of Poverty And Poverty Reduction Strategies In Nigeria, Fidelis O. Ogwumike

Economic and Financial Review

The present paper assesses not only the efforts of the current administration in poverty reduction, but also the · role played by past administrations so as to identify a more pragmatic approach to poverty reduction in Nigeria The next section looks at a poverty profile in Nigeria with a view to identifying ·some of the salient issues. Section IIL examines the various approaches to poverty reduction. Section IV appraises poverty reduction in Nigeria. Section V, offers some suggestions on poverty reduction in Nigeria.


Poverty Reduction And Structural Reform, Chris E. Nemedia Dec 2001

Poverty Reduction And Structural Reform, Chris E. Nemedia

Economic and Financial Review

Poverty bas no precise definition. Being a relative concept, it has no universally adopted definition that can be applied to all societies and all nations of the world. We can talk of a poor person or a poor nation. You may describe a person as poor if his income is below subsistence level. But the subsistence levels of income vary from society to society and from nation to nation. In spite of the absence of a precise and an all-embracing definition of poverty, it is quite easy to recognize or identify the attributes of a poor person or the characteristics …


Micro-Finance As A Strategy For Poverty Reduction, O. O. Akanji Dec 2001

Micro-Finance As A Strategy For Poverty Reduction, O. O. Akanji

Economic and Financial Review

The paper established the facts that poverty is indeed increasing in Nigeria based on the poverty assessment study commissioned and sponsored by the World Bank in 1995. It further indicated in the introduction that the World Bank and the IMF group are focusing on poverty reduction as a prerequisite for debt relief The paper is structured into five sections with introduction being section one. Section two gives conceptual framework and reviews some country experiences of microcredit programs. Section three describes the efforts put in place in Nigeria-the World Bank group efforts and the IMF to alleviate poverty while section four …


The Role Of The Financial Sector In Poverty Reduction, J. O. Aderibigbe Dec 2001

The Role Of The Financial Sector In Poverty Reduction, J. O. Aderibigbe

Economic and Financial Review

The objective of this paper is · to examine the role and challenges facing the financial sector in providing the necessary financing on appropriate terms, volume and value, and in a timely manner. The paper is divided into six sections; following this introductory part, the conceptual framework on the role of the financial sector in poverty reduction is outlined. In section three the experience of the role of the financial sector in fighting poverty is reviewed with specific emphasis on the role of banks in micro- credit delivery in section four. Section five examines future challenges of the sector while …


Poverty Reduction In Nigeria: The Way Forward, Mike I. Obadan Dec 2001

Poverty Reduction In Nigeria: The Way Forward, Mike I. Obadan

Economic and Financial Review

The description of Nigeria as a paradox by the World Bank (1996) bas continued to be confirmed by events and official statistics in the country. The paradox is - that the poverty level in Nigeria contradicts the country's immense wealth. Among other things, the country is enormously endowed with human, agricultural, petroleum, gas, and large untapped solid mineral resources. Particularly worrisome is that the country earned over USS300 billion from one resource - petroleum - during the last three decades of the twentieth century. But rather than record remarkable progress in national socio-economic development, Nigeria retrogressed to become one of …