Can Poverty Be Eradicated In Nigeria? By Dr Nasir Aminu | Sahara Reporters

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Can Poverty Be Eradicated In Nigeria? By Dr Nasir Aminu | Sahara Reporters NigeriaGov has persistently failed to sustain and deepen institutional reforms in several sectors of the economy that could improve the population's living standards. READ MORE:

Living in poverty is the default system of human nature, and the alternative approach requires perpetual struggle. Thus, anyone can manage to live in poverty, but to live out of poverty, one must learn.

Measuring poverty can be tricky, especially using foreign exchange, like living below $1 per day. There have been debates on how the foreign exchange rate is used to measure the relative prices of goods and services. Goods that are not accounted for in international trade, for example, house rent or personal services like haircuts, are hard to value.

One can argue that it will be difficult, but evidence has shown that some countries have significantly reduced poverty. For example, between 2006 and 2016, India was able to lift about 271 million out of poverty based on the GMPI measurement. This record shows the highest poverty reduction rate in the world. Contrast this with the situation in Nigeria.

 

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NigeriaGov The poverty here seems intentional,just what will be the cost of giving people a better life,Its more about poverty as a means of perpetuating existing power structures than anything else.Big Shame

NigeriaGov When the policy maker Keep making policy that is keeping Nigerians in abject poverty,it will be difficult to eradicate poverty.

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