Volume 59, Issue 329, May 2023

Economic analysis of poverty trend in Nigeria from 1980–2018

Ayalogu Nkiru Vivian, Robinson MO, Kalu Ijeoma Emele

Department of Economics, University of Port Harcourt, Port Harcourt, Nigeria

ABSTRACT

Poverty has been an issue from times past. People have wondered why individuals have been unable to break free from the shackles of poverty. This paper looks at the possible causes of poverty. It does so by first examining the opinions of various scholars through theories propounded by them and then examines how these impacts on the types of poverty. It also looks at those affected by poverty and some of the causes of poverty. After that, the paper then looks at the trends of poverty in Nigeria and examines how the various types of poverty considered have progressed over a specified time frame (from 1980–2018). From the trends analysed, it was discovered that poverty thrived most in the rural areas. It is recommended that a way out of such a predicament is to ensure that programmes and policies are properly implemented so that the level of poverty can decline gradually.

Keywords: Urban Poverty, Rural Poverty, Core Poverty

Discovery, 2023, 59, e60d1222

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Published: May 2023