THE IMPACT OF MACROECONOMIC POLICY ON POVERTY ALLEVIATION IN NIGERIA



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THE IMPACT OF MACROECONOMIC POLICY ON POVERTY ALLEVIATION IN NIGERIA



CHAPTER ONE

1.1     INTRODUCTION

Fundamental, poverty IS often described as the state or condition of living in which people have little or no money, assets, or means of support. Some development economists define poverty with particular reference to basic human needs which the individual must have in order to survive a family may be said to have been in poverty when it is unable to satisfy its basic needs. The basic needs concept in its restricted sense is concerned with food, clothing and shelter. Basic needs may includes clean air and water, an adequate and balanced diet, emotional and physical security and climatically appropriate clothing and shelter.  (Burkey, 1993), Greenwald and association (1965) designed, poverty as a condition in which income is sufficient to meet substance needs; this implies that level of living standard may be considerably lower than the minimum living standard. The capital household expenditure measures of poverty showed that about 71 percent of Nigerian households are poor out of which 36 percent classified moderately poor Federal Office of Statistics, 1996 (FOS).

 

Poverty has a lot of detrimental effect and constitutes a threat to sustainable human development empowerment of poor is the key strategy to the abolition of poverty. The reality is that poverty is not only related to the inability to fulfill basic material needs, but it is also closely connected to various other human dimensions, such as health, education, environmental long tern security and societal roles.

 

Consequently, power can only be understand in its entire nature. If those human dimension is taken into. account, other may give it a broader meaning, compassing but social and moral dimension. For example, some believed that, poverty emerge as a result of the disparities in the  ownership of the means of production, while, other believed, it is related to those particular attitudes, cultural norms, values and environmental factors prevailing within the society.

 

Considering nature of poverty there is need to write about the major causes of poverty in Nigeria. 

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THE IMPACT OF MACROECONOMIC POLICY ON POVERTY ALLEVIATION IN NIGERIA


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CHAPTER ONE 1.1 INTRODUCTION Fundamental, poverty IS often described as the state or condition of living in which people have little or no money, assets, or means of support. Some development economists define poverty with particular reference to basic human needs which the individual must have in order to survive a family may be said to have been in poverty when it is unable to satisfy its basic needs. The basic needs concept in its restricted sense is concerned with food, clothing and shelter. Basic needs may includes clean air and water, an adequate and balanced diet, emotional and physical security and climatically appropriate clothing and shelter. (Burkey, 1993), Greenwald and association (1965) designed, poverty as a condition in which income is sufficient to meet substance needs; this implies that level of living standard may be considerably lower than the minimum living standard. The capital household expenditure measures of poverty showed that about 71 percent of Nigerian households are poor out of which 36 percent classified moderately poor Federal Office of Statistics, 1996 (FOS). Poverty has a lot of detrimental effect and constitutes a threat to sustainable human development empowerment of poor is the key strategy to the abolition of poverty. The reality is that poverty is not only related to the inability to fulfill basic material needs, but it is also closely connected to various other human dimensions, such as health, education, environmental long tern s.. Click here for more

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