Navigating Obstacles, Nurturing Opportunities: A Multidimensional Approach to Poverty Reduction in Nigeria

Abstract

This paper delves into the intricate web of factors perpetuating poverty in 
Africa's largest economy – Nigeria. Nigeria grapples with a significant 
population living in extreme poverty. The paper underscores the multifaceted 
factors contributing to poverty, including historical, economic, social, and 
institutional elements, and the exacerbating role of gender inequality. This 
paper does not just diagnose problems; it prescribes actionable solutions. The 
conceptualization and recommendations for achieving the Sustainable 
Development Goals (SDGs) are very Western/European-centric. This paper 
takes an Africo-centric approach and perspective to the analysis and execution 
of SDG 1 (No Poverty). By synthesizing lessons from global best practices and 
homegrown innovations, the paper charts a path towards a more equitable 
Nigeria. Proposed strategies include gender-responsive initiatives, data-driven 
policies, and inclusive economic measures to address systemic inequalities and 
promote sustainable development. The paper also addresses the detrimental 
role of political patronage in poverty alleviation efforts and suggests 
countermeasures. It emphasizes the necessity for context-specific, data-driven 
approaches to poverty alleviation and robust institutional frameworks to ensure 
programme effectiveness and sustainability. The paper challenges policymakers, development practitioners, and citizens alike to reimagine 
poverty alleviation, advocating for a holistic approach that addresses root 
causes while embracing cutting-edge solutions. In conclusion, the paper 
recommends further research into unconditional cash transfers, climateresilient agriculture, and culturally sensitive poverty metrics to inform more 
effective poverty reduction strategies in Nigeria.