INCOME INEQUALITY, POVERTY ALLEVIATION AND ECONOMIC GROWTH IN NIGERIA (1970-2020)
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study examined the relationship between income inequality, poverty and economic growth. It also analyzed the impact of income inequality on economic growth, the effect of poverty on economic growth and assessed the impact of income inequality on the effect of economic growth on poverty. This study made use of annual times series secondary data. Data on GDP, inequality, poverty, population, public expenditure on education, corruption, unemployment, per capita income and inflation were sourced from World Development Indicators (2020), Central Bank of Nigeria Statistical Bulletin (2020), National Bureau of Statistics (2020) and Kneoma (2020). The data collected were analysed using econometric techniques, particularly, Auto regressive Distributed lag (ARDL) Model. The analysis performed are unit root, using both Augmented Dickey-Fuller (ADF) test and the Phillip and Perron (PP) test, the lag order of the ARDL models using VAR lag selection criteria and bound test. The results showed that income inequality has a negative but insignificant impact on economic growth in Nigeria. While poverty has a negative but insignificant relationship with economic growth, income inequality and economic growth has a negative but significant relationship with poverty.
In conclusion, to lessen the level of inequality and poverty that will ensure Nigeria’s economic growth and development, there is the need for plausible and viable economic policies and strategies. For instance, government should empower people in rural areas by funding projects and creating productive activities to generate higher income for a better life.
Related Project Materials
THE INFLUENCE OF EMPLOYER REVIEWS ON RECRUITMENT SUCCESS
Abstract: THE INFLUENCE OF EMPLOYER REVIEWS ON RECRUITMENT SUCCESS
The objective of this study is to investigate the influence of employe...
TERRORISM AND IT'S SOCIO-ECONOMIC IMPLICATION ON THE DEVELOPMENT OF BORNO STATE
Background of the study
Terrorism and insurgency have become household terms across the globe, since no...
SUITABILITY OF OSARA AND JAMATA RIVER SAND DEPOSITS FOR MOULDING OPERATION
ABSTRACT
This research was carried out to ascertain the suitability of Osara and Jamata River sand for moulding operation and Ajaokuta Fo...
THE ROLE OF MARKETING STRATEGIES IN IMPROVING BUSINESS PERFORMANCE
This study investigates the role of marketing strategies in improving business performance. Objectives include: (1) evaluating the effectiveness of...
A PROFESSIONAL PERSPECTIVE ON HEALTH AND SAFETY MANAGEMENT ON CONSTRUCTION PROJECT SITE
BACKGROUND OF THE STUDY
The construction industry is among the top industries of any nation that contri...
AN ANALYSIS OF DELAY IN ENFORCEMENT OF CONTRACTUAL JUDGMENTS AS IMPEDIMENT TO FOREIGN DIRECT INVESTMENTS (FDI) IN NIGERIA
ABSTRACT
Foreign Direct Investment (FDI) is about economic prosperity and wealth creation of developing economies, (FDI) brings with it c...
AN ANALYSIS OF IMPACT OF OIL REVENUE ON THE ECONOMIC GROWTH IN NIGERIA
ABSTRACT
Oil revenue is indeed an important component of economic growth of the recipient nations. Therefore, most of the oil-rich nation...
DESIGN AND IMPLEMENTATION OF STUDENT EVALUATION PROGRAM (A CASE STUDY OF DAUGHTERS OF DIVINE LOVE JUNIORATE)
ABSTRACT
Student achievement is profoundly influenced by the evaluation practice used by teachers in the classroom. Rese...
ASSESSING THE EFFICACY OF STORYTELLING AS A PEDAGOGICAL TOOL IN EARLY CHILDHOOD EDUCATION (ECE)
Abstract: This study investigates the efficacy of storytelling as a pedagogical tool in early childhood educ...
THE POLITICIZATION OF RELIGION IN NORTHERN NIGERIA AND ITS EFFECTS ON THE NIGERIA FEDERALISM
ABSTRACT
This project is basically on the politicization of religion in Northern Nigeria and i...
