THE EFFECT OF INCOME INEQUALITIES ON THE WELFARE OF THE POOR IN NIGERIA

Journal Title: International Journal of Marketing and Technology - Year 2012, Vol 2, Issue 5

Abstract

The study is to examine the scope and dimension of income inequality and its effect on poverty problem in Nigeria. The issue of poverty is a very crucial one due to the prevailing increase in the incidence of poverty in Nigeria. Poverty brings about unemployment in the society which also leads to waste of human resources, in the sense that those people that would have been useful in contributing positively to the growth of the economy are there contributing negatively due to joblessness. This therefore leads to reduction in the level of productivity which consequently brings about a decline in GDP rate of Nigerian economy. The research method employs time series data between 1980 and 2008 using e-view statistical package. The result of the finds reject null hypothesis that income inequality has no significant effect on welfare of poor in Nigeria. Thus, effect of income inequalities on poor is in conformity with the theoretical expectation. It is very important that government should embark on poverty reduction programme like National Economic Empowerment and Development Strategy (NEED) programme, achieve Millennium Development Goals (MDGs) among others.

Authors and Affiliations

Adediran, Olanrewaju Adewole, Adedeji, Samuel Babatunji, Oluwasanya, Adewale Tony and Adediran, Afolake Olubusayo

Keywords

Related Articles

FDI and Indian Retail Sector – The Path Ahead

Indian economy is growing by 8% a year, its stock market rose by nearly 40% in 2005 and foreign investors are flooding in. There are about nine million small grocery shops in India whichever way you measure it, busines...

Contribution of Muslim Women in Trade and Commerce: A study of Kantha Workers in Rural Bengal

In the traditional sense, it has become a part of family ideology that women’s place is at home while the men’s task is to go out to work to earn money and to render support for his wife and children. The male and the...

“FINANCIAL PERFORMANCE ANALYSIS OF CO-OPERATIVE SUGAR FACTORY”

he finance is life blood of business. The finance is most important function of the organization. We cannot imagine a business without finance because it is central point of all business achieves. Its effective managem...

A COMPARATIVE STUDY ON DEBT SCHEME OF MUTUAL FUND OF RELIANCE AND BIRLA SUNLIFE

Mutual funds are key contributors to the globalization of financial markets and one of the main sources of capital flows to emerging economies. This study provides an overview of the performance of debt scheme of mutua...

The Effect of Organizational Innovation as a Socio-Technical Innovation on Marketing Performance and Competitiveness

Organizational innovation OI, a success driver of organizations, is considered vital for firms survival and competitiveness. It helps organizations to take advantage of their core competencies and transform them into a...

Download PDF file
  • EP ID EP19434
  • DOI -
  • Views 320
  • Downloads 13

How To Cite

Adediran, Olanrewaju Adewole, Adedeji, Samuel Babatunji, Oluwasanya, Adewale Tony and Adediran, Afolake Olubusayo (2012). THE EFFECT OF INCOME INEQUALITIES ON THE WELFARE OF THE POOR IN NIGERIA. International Journal of Marketing and Technology, 2(5), -. https://europub.co.uk/articles/-A-19434