This study, CAUSES OF POVERTY AND UNDERDEVELOPMENT IN NIGERIA contains concise information that will serve as a framework or guide for your project work. The project study is well-researched for academic purposes and are usually provided in complete chapters with adequate References.
TABLE OF CONTENT
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 OBJECTIVES OF THE STUDY
1.4 RESEARCH QUESTIONS
1.5 SIGNIFICANCE OF THE STUDY
1.6 SCOPE OF THE STUDY
1.7 LIMITATION OF THE STUDY
1.8 DEFINITION OF TERMS
2.0 LITERATURE REVIEW
2.1 CONCEPTUAL CLARIFICATION
2.2 THEORETICAL FRAMEWORK
2.3 EMPIRICAL REVIEW
2.4 SUMMARY OF LITERATURE REVIEW
3.0 RESEARCH METHODOLOGY
3.2 RESESEARCH DESIGN
3.3 STUDY POPULATION
3.4 SAMPLE AND SAMPLING TECHNIQUE
3.5 DATA FOR THE STUDY: INSTRUMENTATION
3.6 METHOD OF DATA ANALYSIS
4.0 DATA PRESENTPRESENTATATION AND ANALYSIS
4.2 DATA ANALYSIS
5.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 SUMMARY OF FINDINGS
Nigeria, is the most populous country in Africa with a population of over 162 million, according to the World Bank (2011) data. The country is blessed with abundance of both human and natural resources. Prior to the present civilian regime, the military that was in control for fifteen years (1984-1999) did not put meaningful developmental structures on ground and this gradually deteriorated the living standard. However, different policies, programmes and strategies were employed to reposition the economy from being one of the poorest countries of the world to one of the leading economies by the year 2020. Yet, on practical basis, the country lacks the requirements for decent living standard. The Guardian (2005) points that Nigeria is rated one of the world poorest countries. Available data show that the economy ranks between 130-154thposition of the Global 172 economies in the world marginal index, and is among the 20 poorest countriesin the world in spite of being the giant of Africa in terms of huge human and mineral resources and available.
The country occupies the 7th position as the world’s largest producer of crude oil.
Nigeria as a nation is blessed with many mineral and natural resources. This has made it a wealthy nation; but a wealthy nation with its citizens living in penury. One of the world’s highest growing is Nigeria with a growth rate of 7.4% (World Bank, 2014). In Africa’s biggest economy, poverty still remains significant at 33.1%. 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, (DFID, 2012) the level of poverty remains unacceptable (Nigeria-Country Brief,2012). Nigeria as a country is characterized by low per capita income, highly unequal income/wealth distribution, low standard of living, lack of infrastructure, underutilization of natural resources, dualistic economic pattern and most importantly, lack of capital which is reflected by low rate of capital formation as a result of low per capita income, general poverty, low saving and high marginal propensity to consume, unproductive, conspicuous consumption, low marginal efficiency of capital and so on (Uma, Eboh, Obidike and Ogwuru, 2013).
However, poverty may have been overestimated due to the lack of information on the extremely huge informal sector of the economy, estimated at around 60% more, of the current GDP figures (Yusuf and Aremu, 2014).
Poverty in Nigeria can also be caused by the political instability of the country. However, income inequality, ethnic conflict and political are the three reasons for persistent poverty in the country.
Though several poverty alleviation schemes have been practiced in the nation since independence, these schemes have died along the way because of corruption and poor management. The failure of these schemes have led to increased rate of poverty alongside underdevelopment (Paul and Pauline, myproject.ng, 2018).
The effort of the government has not been enough to reduce poverty. The poor are becoming poorer every year and living standard in the rural areas of the country is shocking (Uma et al., 2013).
STATEMENT OF THE PROBLEM
Poverty has not been reduced despite the effort of the government. Every year, the poor are becoming poorer and the standard of living in the rural communities is not encouraging.It is not as if Nigeria does not have what it takes to be rich; It has not only affected the poor but also the economy at large. Underdevelopment has sprung up which in turn is affecting the Nigerian citizens.
1.3 RESEARCH QUESTION
AIMS AND OBJECTIVE OF STUDY
The aim of this studies is to critically study the challenges and prospects of oil theft and bunkering on national development in Nigeria. The objectives are
SCOPE OF THE STUDY
The idea of the research work is to study the causes of poverty and underdevelopment in Nigeria. This research work will cover some individuals in Nigeriato put down their view of the reasons why there is poverty and also why it has not been easy to eradicate poverty in Nigeria.
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