Poverty Alleviation in Nigeria

Poverty Alleviation in Nigeria

Poverty Alleviation in Nigeria – Although poverty is a worldwide phenomenon, it has been observed that Nigeria is one of the poorest countries in the world despite its abundant natural resources. Nigeria is the 20th poorest in the world; the poverty level in Nigeria has reached an alarming stage where 70% of its population lives below the poverty line. The federal office of statistics (FOS) report for the period 1980 – 1996, indicates that about 67 million Nigerians are living below the poverty level. The report also indicates that during 1980 – 1985, the percent of rural dwellers and urban inhabitants in the core poverty bracket respectively. In that same period, the percentage of moderately poor in the rural areas rose from 21.8 to 36.6 percent and 14.2 to 30.3 percent respectively. [Read more…]