National Economy
Monday, June 2, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Features

Fighting Poverty In Nigeria

by Cee Harmon
3 years ago
in Features
Reading Time: 3 mins read
Fighting Poverty In Nigeria
Share on FacebookShare on TwitterShare on Telegram

Nigeria’s most recent states poverty index shows that the states of Sokoto and Taraba have the largest percentage of people living below the poverty line. The lowest poverty rates were recorded in the South-eastern and South-western states. In Lagos, this figure equaled 4.5 percent, the lowest rate in Nigeria. That statistic remains largely unchanged today.

Based on the National Bureau of Statistics’ recent report, 40 percent of Nigerians live on N137,000 annually, or N11,414 monthly. That is far below the internationally acceptable poverty line of N277,035 annually, or N23,086 monthly.

One of the most important objectives of the federal government and state governments is the eradication of poverty. In efforts to achieve that important objective, there has been the launch of several programmes in the past and present that span across sectors.

However, gleaning from the experiences of other countries that have conquered poverty on a relative scale, education is the most potent weapon against poverty.

You May Like

Naira-for-Crude And Matters Arising

Smartphones And Declining Moral Values Among Young People

Interestingly, the poverty level in individual states starkly aligns with the level of education in those states, and by implication, in the states with the lowest levels of poverty.

Over the last century in particular, education was the indubitable force used to fight poverty. It cannot be denied that in today’s world – in the 21st century – the literacy and numeracy skills taken to impoverished countries and cultures has irrevocably changed their indigenous peoples’ prospects for the future.

Education helps people to understand and make considered decisions about their own futures. It empowers them to take action against tyranny and oppression, and frees them from state-sponsored enslavement.

In affluent nations such as the G-7, where overall adult literacy is much higher, it is a verity that better educated individuals are more capable of rising out of poverty than their less educated counterparts. It is no longer the case that to be born into poverty is an irreversible life condition. Education makes it possible for anyone to grow, develop and succeed.

During the World Education Forum held in Dakar in April 2000, the international community underscored the need to eradicate extreme poverty and gave its collective commitment to work towards this aim through education.

Subsequently, the United Nations General Assembly declared the period 1997 to 2006 as the First United Nations Decade for the Eradication of Poverty.

The role of education in poverty eradication, in close co-operation with other social sectors, is crucial. No country has succeeded if it has not educated its people. Not only is education important in reducing poverty, it is also a key to wealth creation.

Within this context, one of the pledges of the Dakar Framework for Action – Education for All: Meeting our Collective Commitments, was to promote Education For All policies within a sustainable and well-integrated sector framework clearly linked to poverty elimination and development strategies.

The role of education in this process is particularly one of achieving universal primary education and adult literacy. The report made by the Secretary-General of the United Nations within the context of the Decade for the Eradication of Poverty confirms that universal primary education is central to the fight against poverty. Understandably so, because this is the level of education through which most poor children pass and within which their achievements should assist them to break the cycle of poverty.

In fact, education is the social institution that reaches the largest segment of the population with the goal of guiding it through a systematic learning process.

There is no doubt that delivering primary education and adult literacy to the peoples of Nigeria’s less educated states, and by implication, the poorer population is achievable. That is the most potent means of fighting poverty, and reducing crime in the society.

Sadly, though, tertiary institutions around the country, save for private ones, have been under lock and keys for six months and counting, due mainly to poor working conditions and educational environment. There is a need for a different outlook on education in Nigeria.

ShareTweetShare
Previous Post

Globalisation To Localisation: Nigeria Must Prepare For The Impending Reality

Next Post

Oil Theft: Nigeria Loses 400,000 Barrels Daily – Sylva

ANOTHER GOOD READ

Naira-for-Crude And Matters Arising
Features

Naira-for-Crude And Matters Arising

1 month ago
Smartphones And Declining Moral Values Among Young People
Features

Smartphones And Declining Moral Values Among Young People

2 months ago
High TB Mortality In Nigeria: A Call To Action
Features

High TB Mortality In Nigeria: A Call To Action

2 months ago
Wale Tinubu’s Quest To Expand Oando’s Footprint Beyond Africa
Features

Wale Tinubu’s Quest To Expand Oando’s Footprint Beyond Africa

3 months ago
IWD: Evaluating Women’s Role In Aviation Sector
Features

IWD: Evaluating Women’s Role In Aviation Sector

3 months ago
Implications Of NPA’s 15% Tariff Hike
Features

Implications Of NPA’s 15% Tariff Hike

3 months ago
Next Post
Nigeria Loses 20% Crude Production To Oil Thieves Daily

Oil Theft: Nigeria Loses 400,000 Barrels Daily – Sylva

Most Recent

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

May 31, 2025
Adesina Set Unmatched Record At AfDB — Buhari

Adesina Set Unmatched Record At AfDB — Buhari

May 30, 2025
JUST-IN: Reps Pass Tax Reform Bills

Reps Threaten To Revoke Licences Of Defaulting Quarry Operators

May 30, 2025
AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

May 30, 2025
JUST-IN: Tinubu Inaugurates New NNPCL Board

Tinubu Signs Executive Order To Cut Oil Project Costs, Boost Revenue

May 30, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

Federal Gov’t Yet To Disburse 2025 Budget Funds — Fayemi

May 30, 2025
Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

May 30, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

Senate Approves N1.8trn 2025 FCT Budget

May 30, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy