This study was specifically embarked upon to establish empirically the relationship exiting among Exchange rate, Interest rate and economic growth in Nigerian economy over the period of 1970-2010. Fundamentally, the period of the study was fractured into two prominent distinctions of economic era-the regulation era and the deregulation era. The study adopted vector auto-regression (VAR) technique, with specific emphasis on Impulse Response factor and the Forecast Error Variance Decomposition.
The concept of Economic growth can be accompanied by an increase in informal employment. Informality may support growth by reducing labor cost and improving competitiveness. However, a well-functioning and regulated informal economy will be a critical prerequisite to achieve sustainable growth. And also, a widespread informality with regard to employment, enterprise and productive activities is frequently perceived as a barrier to full participation in the economy and as a hindrance to long-run economic development and poverty alleviation. This is because the link between, informality, poverty alleviation and growth is not fully understood. This paper seeks to investigate the Relationship between informal financial sector activities and poverty alleviation in Nigeria. A multivariate panel data approach was used with data from 150 informal sector operators in Gwagwalada area council-FCT. Data was collected using structured questionnaire and analyzed with appropriate technique in order to identify the perception of socioeconomic impact of Informal sectors on poverty alleviation in Nigeria. The findings revealed that informal financial sector operators has a positive and significant impact on poverty alleviation in Nigeria; while poverty-mentality, illiteracy, high inflation, low infrastructure, access to credit, social safety nets and information dissemination are the major problems encountered by these institutions. The paper recommends among other things the education of the rural poor to embark on viable projects, infrastructural development and favorable government policies so as to make the sector becomes relevant.
Poverty in Nigeria has been described as pervasive owing to the fact that the nation has witnessed a persistent increase in poverty level over the years despite various poverty alleviation programs. More so, it has been argued that income inequality is a manifestation as well as strong cause of poverty. The study therefore analyses the empirical relationship between income inequality and poverty prevalence among households in selected North Central States in Nigeria. This study employed survey method supported by time series data using regression analysis A representative sample of 600 respondents was planned for the survey in order to have at least 462 households responding. The result shows that dependency ratio, level of calorie intake, poverty per head counts are important factor influencing the level of poverty prevalence. Hence the study observes a substantial correlation between income inequality and poverty prevalence in the studied North Central Nigeria. The study therefore recommends a deliberate policy of reducing income inequality through equitable distribution of income and acceptable revenue sharing formula, need to campaign against large family size, providing subsidy and credit facilities for farmers and artisans true co-operatives, overhauling existing poverty alleviation programme and finally instituting good governance in every sphere of government activity which is a sine-qua-non for poverty reduction.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.