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
ASSESSMENT OF THE APPLICATION OF INFORMATION RESOURCE DEVELOPMENT STRATEGIES FOR ACQUISITION IN SPECIAL LIBRARIES IN NIGERIA
ABSTRACT
This study was conducted to assess the various strategies applied by special libraries in Nigeria, using Plateau State as case s...
THE IMPACT OF ETHICAL CONSIDERATIONS ON THE BUSINESS ENVIRONMENT
ABSTRACT: THE IMPACT OF ETHICAL CONSIDERATIONS ON THE BUSINESS ENVIRONMENT
This study...
ASSESSMENT OF ALMAJIRI SYSTEM OF EDUCATION; IT’S IMPLICATION FOR CHILD, FAMILY AND NATIONAL DEVELOPMENT IN ZARIA LOCAL GOVERNMENT AREA OF KADUNA STATE.
ABSTRACT
This study was undertaken to find out the implications of Almajiri system of education in Zaria local gove...
CONSERVATIVE PRACTICES OF INFORMATION RESOURCES BY LIBRARIES FOR ENHANCED COLLECTION USEFULNESS IN UNIVERSITY LIBRARIES IN BAUCHI STATE
ABSTRACT
This study was carried out on Conservative practices of information resources by libraries for...
ETHNOBOTANICAL SURVEY OF PLANTS USED FOR THE TREATMENT OF TYPHOID FEVER IN NIGERIA, AND EVALUATION OF ANTI-TYPHOID ACTIVITY OF TERMINALIA AVICENNOIDES GUILL & PERR. (COMBRETACEAE)
ABSTRACT
An ethnobotanical survey was conducted from December 2011 to April 2012 in Minna, Niger State, Nigeria. The survey was aimed at...
INFLUENCE OF EARLY CHILDHOOD EDUCATION ON COLLABORATION SKILLS
ABSTRACT: Early childhood education (ECE) plays a vital role in developing...
AGRICULTURAL DEVELOPMENT PROGRAMMES AND ITS IMPACT ON THE NIGERIA ECONOMY
Background of the Study
Agriculture is the foundation and bedrock upon which the development of stable...
IMPACT OF DIGITAL LITERACY ON ADULT LEARNING OUTCOMES
Abstract: The impact of digital literacy on adult learning outcomes is crucial in the contemporary educational landscape where digital skills...
CONTINUOUS QUALITY IMPROVEMENT IN A PRODUCTION LINE: NIGER DELTA UNIVERSITY TABLE WATER FACTORY
ABSTRACT
Potable drinking water quality is a major concern, particularly as it is used for human consumption. Quality is a competitive we...
THE IMPACT OF CASHLESS POLICY ON THE PERFORMANCE OF NIGERIA FINANCIAL INSTITUTIONS
Abstract
This study examines the Impact of Cashless Policy on the Performance of Nigeria Financial Institutions. This s...
