2025/10/03 by Odejide, Orlando Olumide, Agboola, Olaoluwa
#Government #Nigeria #Policy Interventions #Poverty #Structural Transformation
paper · doi:10.82265/er0q-hx28
Nigeria's journey to address poverty is a critical one. The primary focus is on the transformation of Nigeria from a nation with relatively low poverty rates prior to independence in 1960 to one grappling with one of the highest poverty rates globally in recent years. The study examines the underlying causes of this shift, encompassing political, economic, and societal factors, while highlighting the enduring obstacles that hinder effective poverty reduction efforts. Through an examination of relevant case studies and best practices from other countries, the article sheds light on potential strategies that Nigeria can adopt to alleviate poverty and promote sustainable development. It underscores the need for political stability, effective governance, and targeted policies to address income inequality, unemployment, and sectorial imbalances. The role of gender-responsive initiatives, data-driven approaches, and inclusive economic policies are explored as vital components of a comprehensive poverty reduction strategy. By prioritizing structural reforms, fostering economic diversification, and implementing inclusive policies, Nigeria has the potential to overcome its current poverty trajectory and pave the way for a more equitable and prosperous society