Growth Elasticity of Poverty in Nigeria: Empirical Analysis

Domain:

socioeconomic

Creator:

RasOluOla

Publisher:

Bus

Host:

This study examined growth elasticity of poverty (GEP) in Nigeria, using elasticity procedure with data from the 2020 World Bank World Development Indicators and Nigerian National Bureau of Statistics (2020), covering the period 1992-2019. The findings showed 77.1% of the GEP coefficients as positive; signifying failure of economic growth to alleviate poverty in the country. It is therefore imperative for Nigeria to initiate and implement policies covering employment generation, good governance, reduction in all forms of inequalities, functional education, among others for growth to engender poverty reduction among the citizens.

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