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
- EP ID EP19434
- DOI -
- Views 334
- Downloads 13
Value Chain Analysis of Banana at Kediri after the Eruption of Mount Kelud
Kediri is one of the most severely affected areas of the eruption of Kelud. On the other hand a banana agribusiness potential is very promising. In this district there are 13 varieties of banana :Ambon Kuning, Ambon TW...
The concepts of defining joint venture (arrangement) in Uzbekistan
The current business environment is getting more and more complicated, as well as experiencing great changes while firms pursue competitive advantage through collaborative alliances and partnerships. Consequently, repo...
FOREIGN DIRECT INVESTMENT ON INDIA’S AUTOMOBILE SECTOR
FDI Inflows to Automobile Industry have been at an increasing rate as India has witnessed a major economic liberalization over the years in terms of various industries. The automobile sector in India is growing by 18 p...
AN ANALYTICAL STUDY OF MARKETING OF BANKING SERVICES OF SBI AND HDFC BANK IN BORIVALI SUBURB, MUMBAI
In banking, marketing and quality of customer service holds primary significance to sustain the business growth. An appropriate marketing strategy or promotion mix can be used not only for marketing and to attract cust...
SELF CONSCIOUSNESS AMONG THE ATM USERS OF EBANKING SERVICE
The main purpose of present study was to know the awareness among the ATM users of ebanking services. The sample consists of 80 ATM users of e-banking services belonging to different locality, gender and occupation. Dat...