IMPACT OF POVERTY REDUCTION ON SUSTAINABLE DEVELOPMENT IN NIGERIA
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- NGN 3000
ABSTRACT
Extreme poverty is a global challenge facing all regions of the world including developed economies of Europe and North America but particularly serious in developing countries of Asia and Africa. Indeed, poverty reduction is an indispensable precondition for sustainable development, which entails meeting human development goals while at the same time sustaining the ability for the future. This study examined the impact of poverty reduction on sustainable development in Nigeria. Some challenges confronting poverty reduction strategies in Nigeria were identified to include corruption, ethno-religious conflicts, income inequality, political instability and other severe problems. Finally, the study proffered some strategies for enhanced poverty reduction and sustainable development in Nigeria. These measures include massive job creation by private and public sectors, provision of infrastructural facilities such as electricity in the rural areas and development of sustainable micro-credit schemes. This research submits that there can be no sustainable development without effective poverty reduction.
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