The paper analyzes the poverty situation in Nigeria. Poverty holds sway in the midst of plenty, a situation described in Nigeria’s political lexicon as a ‘bewildering paradox’. Among the committee of nations, Nigeria has been described as poor. Even on the continent of Africa, using selected world development indicators, Nigeria is poorly ranked. Although several programs have been designed by the State to combat the scourge, their impacts on the poor population have been substantially impaired by corruption, weak administration, and poor inter-sectoral governance system. These, in the opinions of observers, have been the major challenges to poverty reduction in Nigeria. To halt the galloping nature of Nigeria’s poverty situation, the paper contends that the Nigerian state should be reformed and repositioned; conducive environment should be created for the development of market and civil society institutions; and inter-sectoral governance system should be encouraged.
Available at: http://works.bepress.com/segun_oshewolo/25/