Conflict, Food, Affected Areas, Inscurity. Torpedo-shaped catfishes. Yemi Kale and Dr. Sani Doguwa 3 12 16 Unemployment, Underemployment, Employment. Female, Gender. Average fare paid by commuters, Bus journey intercity, State route, Charge per person, Air fare charge for specified routes single journey, Journey by motorcycle Okada per drop,water way passenger transport.
All commodity group import price index, All commodity group export price index, All products terms of trade TOT index, All region group export index rose, All region group import index, All region terms of trade. Economically active or working age population, Number of persons in the labour force, Total number of people in employment, Total number of people in full-time employment, Total number of people in part-time employment, total number of people classified as unemployed.
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What is the exposition in the story The Maguindanao Pearls? Given the country's high unemployment rate, this means that entrepreneurship is key to reducing poverty in Nigeria and that obstacles to business creation - such as corruption - are barring the country from its right to development.
Nigeria is a rather large country with a population of more than million, making it the most populous country in Africa. Unlike East African countries, in the West many regions such as Nigeria benefit from a tropical climate with lush vegetation and a diverse range of crops that grow all year round. This highlights just how important agriculture is to reducing the poverty rate in the country. The country should be part of the biggest exporters of a variety of products, and a much larger proportion of Nigerians should reap the fruits of this trade.
In general, whenever the country experiences periods of economic growth, they match improvements in agriculture. It provides tons of food, jobs, raw material for other sectors e. Several studies confirmed what was obvious to everyone: people with larger farm land, those with access to loans e.
Integrating thousands of households into local markets and teaching more advanced agricultural techniques are also essential aspects to reducing poverty in Nigeria. In many ways this implies more government intervention, at least to invest in basic infrastructure such as roads and cheap public transportation so that people are given the opportunity to go to town and sell their crops.
Nigeria is another good example of how poverty and macroeconomic shocks are related. It has been just as relevant to the recent global economic crisis as it has been to the previous crises in the s. Despite the oil money that started flowing in Nigeria is part of that group of African countries that has no real reason to account for its perpetually high poverty rates. No other reason than corruption or incompetence, perhaps.
After many attempts to stabilize their economy, macroeconomic reforms in the s finally worked well. Surprisingly their positive effects on the economy did not trickle down as the theory would have to the rest of the population.
Only kidding, it's not surprising at all. The same has happened in many countries, and on the contrary, poverty increased instead. As said before, poverty in Nigeria is mostly rural. Macroeconomic shocks tend to affect rural areas much more than cities. It is usually the case - as with most other African countries - that the larger a family is, the smaller is its income. It's the age-old traditional pension system.
Give birth to enough children so that a significant number of them survives and pay for your old days. Things are still this way because child mortality is still far too high and due to limited access to education, overall income remains low.
In the eyes of many experts, the best way to increase income is to help local businesses flourish. In other words, spur entrepreneurship.
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