GOOD GOVERNANCE AND POVERTY REDUCTION IN NIGERIA: TREND, CHALLENGES AND THE WAY FORWARD

UYI-EKPEN OGBEIDE
Department of Political Science and Public Administration
University of Benin, Edo State
Nigeria
AND
IGBINEDION SUNDAY OSAHON
Department of Economics and Statistics
University of Benin, Edo State
Nigeria

Summary
For the past two and half decades, poverty has evolved and remains the single most daunting challenge confronting mankind. In Nigeria, the problem of poverty is not only endemic but has also shown a rising tendency in the past two and half decades and its ranking among the poorest nations of the world. Various factors have been identified for the nation’s rising poverty profile, including the problem of good governance anchored on transparency and accountability. Arising from this, this paper examines the linkage between national strategies for poverty reduction and improvements in governance within the Nigerian context in a bid to ascertain whether the latter is essential for poverty reduction. Our findings reveal that poor governance manifesting in policy inconsistency and corruption remains the bane of poverty alleviation efforts in Nigeria. To reverse this trend, this paper proffers amongst others, the institutionalization of some all-encompassing poverty reduction strategies as well as the need to ensure the entrenchment and sustenance of good governance anchored on transparency and accountability for sustainable development.

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Posted in VOLUME 17 NO. 2 SEPTEMBER, 2015.

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