Central Bank of Nigeria
Poverty Alleviation, Growth-Led Poverty Alleviation, Nigeria
The economic growth process of a country is determined by a number of factors among which is technological change. Increased output/performance permitted by this goes a long way in alleviating poverty. Rapid and sustained economic growth utilizing a new industrial strategy calls for proficient use of the natural advantages of modern infrastructures which further serves as a poverty-reducing strategy. The author states that the most credible option by which the poor can receive a fair share of the benefits of development is by subjecting the economy to the full discipline and rigours of market forces for a poverty-reducing growth. Governments annual budgets should also lay emphasis on the improvement of the rural poor, and grant them special funds to address their basic needs.
CBN Economic and Financial Review
Atoloye, A. S. F. (1997). Strategy for Growth-Led Poverty Alleviation in Nigeria. CBN Economic and Financial Review. 35(3), 298-314.