Poverty and Non-inclusive Growth in Nigeria


  • Raymond. R. Adegboyega Department of Banking and Finance, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, PMB 2002, Ogun State, Nigeria




Non-inclusive growth, Poverty, Trickle-down effect, ARDL


The paper examines the impact of poverty on non-inclusive growth using the Autoregressive Distributed Lag regression analysis on data collected from the Central Bank of Nigeria and the World Bank database from 1981 to 2020. The obtained result indicates that the initial economic growth level does not result in poverty reduction, while a positive change in economic growth results in poverty reduction. The paper concluded that inclusive economic growth is significant for poverty reduction when it increases employment and improves opportunities for productive activities among the poor. The article recommended measures, such as stable macroeconomic policies, huge investment in agriculture, infrastructural development, and good governance to sustain the inclusive economic growth rate and reduce poverty in Nigeria.


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How to Cite

Adegboyega, R. R. (2023). Poverty and Non-inclusive Growth in Nigeria. Journal of Contemporary Issues and Thought, 13(1), 41–49. https://doi.org/10.37134/jcit.vol13.1.5.2023