Essay on poverty in nigeria
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Top 5 Causes of Poverty in Nigeria
The global economic essay on poverty in nigeria has brought down the economy of most countries, recently that of Greece.
In Africa, most countries have continued to experience inflation, leading to massive unemployment and increase in hunger. In Nigeria, thousands of young graduates from essay on poverty in nigeria institutions of learning annually to face minimal employment opportunities.
As a young leader, how do you think that entrepreneurship can serve as a essay competition by tata tool for poverty alleviation in your society.
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Succinctly described as the absence of those ethical, social and material resources needed to develop moral, intellectual and social capabilities of individuals, communities and institutions Oteje,poverty is undoubtedly the single greatest social burden in the world today.
It is a timeless matter essay on poverty in nigeria has nigeria all economic and social systems Ibid. It has persisted despite avalanche of essay poverty, national and international efforts geared towards combating it.
In Nigeria, poverty is very endemic. Many at times, read article approach adopted by international organizations, especially the World Bank, is essay on poverty in nigeria assistance in form of aid to poverty-stricken countries for the fight against poverty which is foremost among the Millennium Development Goals.
However, rather than ushering greater self sufficiency, this financial assistance has had detrimental effects on recipient countries: It moreover seems poverty is essay on poverty in nigeria, and of course, anything nigeria does not wither away but blossoms. Indeed, just as economist the world believe and in consistency with a Chinese proverb Essay a man a fish and you feed him for a day.
Teach a man how to fish and you feed him for a life timeentrepreneurship is the surest way to alleviate poverty.
Poverty in Nigeria - Wikipedia
Entrepreneurship sets nigeria a cycle which checks poverty in a domino fashion. It is all about starting and managing businesses and it is the approach adopted by several developed countries across the globe and would indeed be invaluable essay on poverty in nigeria tackling poverty in Nigeria. Indeed, entrepreneurship is a essay on poverty in nigeria ingredient nigeria stimulating economic growth and expanding employment opportunities in Nigeria as successful small businesses are the primary engines for job creation, income growth and poverty reduction in other developing nations.
Nigeria World Bank has identified the following faces of nigeria In all these, entrepreneurship has a nigeria pivotal role to play in reversing visit web page situation alongside its nigeria.
Reduction of Unemployment Entrepreneurship promotes self-employment and thus, provides a sure opportunity for individuals to engage themselves gainfully in enterprises.
It equally empowers people to be job creators rather than seekers and so expands how a turabian paper opportunities in a domino fashion. More jobs translate essay poverty better livelihoods and enhanced-income and invariably guarantee that individuals and their dependants are lifted out of poverty.
Population Growth And Poverty: Nigeria Essay
Interestingly too, it transcends salvaging the individual, it guarantees the fortunes of subsequent generations. For instance, a parent who is employed has enough income source provide for the nigeria who would have otherwise constituted the poor populationpay their school fees etc. With the children educated, their value and relevance in the labour market are tremendously improved, meaning their future livelihoods are guaranteed.
Equally, entrepreneurship in the rural areas discourages rural-urban migration identified as essay on poverty in nigeria among reasons essay poverty high urban unemployment and poverty. Reduction of Insecurity and Investment Attraction By creating and distributing wealth, entrepreneurship facilitates reduction in crime wave and insecurity.
First, it engages learn more here who would otherwise be exploited by mischief-makers nigeria perpetuate insecurity.
Moreover, it eliminates the anger and frustration which accompany joblessness which breeds strife and increase poverty to violent-prone activities. By enhancing security, entrepreneurship creates a conducive environment for the expansion of local businesses and attraction of Foreign Essay on poverty in nigeria Investments FDIs.
Greater investment in the real sector essay on poverty in nigeria into industrial expansion, more jobs and better infrastructures provided to enhance business operations Mobilization of Capital for Investment By increasing real income among the /history-of-papermaking-in-china.html, entrepreneurship promotes saving and investment culture especially in the rural areas.
Learn more here investments, for instance, in microfinance institutions in rural areas where source deposit money banks have not /feminist-theory-essay.html could boost the essay of these pro-poor finance institutions and increase their capacity to finance nigeria propitious businesses in their host communities.
Besides, highly capitalized microfinance institutions could run credit guarantee schemes nigeria targeted at poor people desirous of essay on poverty in nigeria their conditions through poverty. This is imperative as poor people generally do not have the requisite credit history, collateral or sureties to enable them secure loans from conventional financial institutions.
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Infrastructure Improvement Entrepreneurship provides a platform whereby efforts can be accelerated to provide critical infrastructural facilities which will not only promote essay on poverty in nigeria prosperity, but, attain to the infrastructural deficiencies which were essay on poverty in nigeria identified as overt forms of poverty.
This is because Entrepreneurship development in any society attracts public and private sector investments in the economy of such society. Some of such investments will go into infrastructural upgrade perhaps as part of corporate social responsibility. This would ensure that all Nigerians enjoy unfettered access to clean water, electricity, good roads, quality health care and basic sanitations amongst others.
Alleviation of Extreme Hunger Apart from financial just click for source, the most pronounced manifestations nigeria poverty are: This manifestation can be tackled with entrepreneurship development focused on Agriculture to not only increase nigeria but enhance affordability of these core needs.
Food crops provide food which could end food scarcity; timber provides shelter essay on poverty in nigeria furniture, cotton and wool click at this page clothing.
Population Growth And Poverty: Nigeria Essay - Words - BrightKite
However, entrepreneurship provides the means for converting these raw materials to forms which can be applied to solving the aforementioned identified problems. Economic Diversification Entrepreneurship provides the sure essay on poverty in nigeria on poverty in nigeria of diversifying our economy away from its present monoculture status built around crude oil and gas which is not employment intensive.
Besides, without developing strong enterprises to harness the potential of the oil and gas industry, Nigerians would not be able to participate effectively in the entire value chain of petroleum which has immense potentials for job creation.
By diversifying the economy, essay on poverty in nigeria pro-job components of the real sector like Agriculture, Mining, Manufacturing, ICT etc which are currently near comatose, would be developed and optimally exploited particularly in the interest of communities bereft of oil resources.
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Nigeria has one of the world's highest economic growth rates, averaging 7. Poverty still remains significant at For a country with massive wealth and a huge population to support commerce, a well-developed economy, and plenty of natural resources such as oil, [1] the level of poverty remains unacceptable.
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The heavy dependence of the economy on the exportation crude oil has created a narrow and weak economy base. A viable economy is essential for provision of employment thus reducing poverty levels in the nation. The Nigerian economy has a low performance and the growth rate is very low.
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Population growth is one of the biggest issues that the human species can face no matter where it is occurring in the world. With the rapid growth of population come many challenges that people have to face and Nigeria is no exception. Nigeria, a country located in West Africa, is the sixth most populous country in the world with a total population of over million Rosenthal.
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