There is widespread concern that economic growth has not been fairly shared, and that the economic crisis has only widened the gap between rich and poor.
The Nigeria’s poor are more likely to be malnourished, they have less access to services like education, electricity, sanitation and healthcare, and they are more vulnerable to conflict, kidnapping, terrorism, banditry and climate change. Understanding poverty is thus fundamental to understanding how Nigeria society can progress.
The overall persistent high level of poverty in Nigeria suggests that poverty is primarily the consequence of the way society is organized and resources are allocated. The decisions over how to eradicate poverty in the end are political choices about the kind of society we want. Inequality affects how you see those around you and your level of happiness. People in less equal societies are less likely to trust each other, less likely to engage in social or civic participation, and less likely to say they’re happy.
There is a growing body of evidence indicating that high levels of income inequality increase instability, debt and inflation which are damaging for a developed economy in the long term. The Federal, State and Local governments are all working to reduce poverty. Although it is often thought of as a lack of material resources, poverty is correlated closely with all aspects of a person’s life in Nigeria.
EDTD researchers examine the trends and patterns in inequality and poverty in Nigeria and other developing countries. The Division works with policymakers to analyse the multiple causes linked to growing inequalities, such as globalisation, technological change and changes in redistribution policies and how to solve them.
EDTD’s researchers work in the area poverty reduction, ending extreme poverty and promoting shared prosperity in Nigeria and other developing countries in a sustainable manner.