POVERTY AND THE NIGERIAN ECONOMY

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ABSTRACT:
This research study by means of robust statistical analysis investigated the poverty situation in Nigeria and how it affects the citizens and the economy at large. This research was taken in a period of 25 years which is from 1985 – 2010. The ordinary least square method was used to investigate this work.
The empirical analysis carried out showed that the Nigerian economy has changed from a diversified economy to a mono economy because of the over dependence of the oil sector and this has resulted to the increase of poverty in Nigeria
Using the ordinary least square regression we see that there is a positive relationship between the per capital income and the GDP of the country, positive relationship between government expenditure on health and GDP but a negative relationship between government expenditure on education and unemployment and the GDP of the country.
The Nigerian government in curbing this problem of poverty has introduced many poverty alleviation policies and programmes but they have all been a failure because the implementation of these policies did not take into cognizance the masses that they are doing these policies for.

TABLE OF CONTENTS
Title page ………………………………………………………. I
Approval page ………………………………………………….. ii
Dedication ………………………………………………………iii
Acknowledgement ……………………………………………….iv
Table of contents ……………………………………………….. VI
Abstract ………………………………………………………..... IX

CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY………………………………1
1.2 STATEMENT OF THE PROBLEM………………………………5
1.3 OBJECTIVE OF THE STUDY……………………………………6
1.4 SIGNIFICANCE OF THE STUDY………………………………6
1.5 SCOPE AND LIMITATIONS OF THE STUDY………………….6

CHAPTER TWO: LITERATURE REVIEW
2.1 THEORETICAL LITERATURE………………………………….7
2.2 EMPIRICAL LITERATURE………………………………………19

CHAPTER THREE: METHODOLOGY
3.1 NATURE OF THE MODEL………………………………………24
3.2 MODEL SPECIFICATION………………………………………..24
3.3 ESTIMATION PROCEDURE……………………………………25
3.4 TECHNIQUES FOR EVALUATION OF THE RESULT……………..25
3.4.1 EVALUATION BASED ON STATISTICAL CRITERION…………….25
3.4.2 EVALUATION BASED ON ECONOMETRIC CRITERION……………26
3.5 DATA SOURCE………………………………………………………….27

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 PRESENTATION OF RESULTS…………………………28
4.2 INTERPRETATION OF RESULTS…………………………..29
4.2.1 ANALYSIS OF REGRESSION COEFFICIENTS……………………29
4.2.2 ECONOMIC A PRIOR EXPECTATION…………………………….30
4.2.3 STATISTICAL CRITERIA (FIRST ORDER CONDITION)………….31
4.2.4 ECONOMETRICS TEST (SECOND ORDER TEST)………………….34
4.3 HYPOTHESIS TESTING ……………………………………………….38

CHAPTER FIVE: SUMMARY, POLICY RECOMMENDATIONS AND CONCLUSION
5.1 SUMMARY ………………………………………………………40
5.2 POLICY IMPLICATION………………………………………..41
5.3 CONCLUSION………………………………………………..42
BIBLIOGRAPHY………………………………………………………43

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POVERTY AND THE NIGERIAN ECONOMY

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