Assessment of Nigeria’s Millennium Development Goalsand Implications for Sustainable Development

Filed in Economics Project Topic by on October 25, 2020

Assessment of Nigeria’s Millennium Development Goalsand Implications for Sustainable Development.

ABSTRACT

The study was motivated by the continuous rise in the poverty level in Nigeria amidst the country’s vast human and material resources that  can  guarantee  sustainable  economic growth and development and also the pervasive gender inequality that persists among households.

It is on this premise that this study assessed Millennium Development  Goal  (MDG) with special focus on goal one and goal three, and implications for Sustainable Development .

The study was guided by five research objectives and tested four hypotheses. Data was sourced from the MDGs database, World Development Indicators,  UNESCO  institute for statistics data series on enrolment and the United Nations statistics division; with the aid of segmented regression model of analysis.

The results suggest that the Millennium Development Goals development policy had no significant effect on the poverty situation in Nigeria and on the proportion of employed population below $1.25 per day while there were significant improvements on the share of women in the wage level in the non-agricultural  sector and on educational parity in Nigeria.

The study therefore recommends that conscious efforts be made to end poverty in all its forms everywhere as indicated in the Sustainable Development Goal 1.

INTRODUCTION

  • Background of the Study

Nigeria with a population of over 160 million people and a land area of 923,773km2is well- endowed with vast human and material resources that can guarantee sustainable economic growth and development (National Bureau of Statistics, 2010). Nigeria rebased its GDP from 1990 to 2010, resulting in an 89% increase in the estimated size of the economy.

As a  result, the country now boasts of having the largest economy in Africa with an estimated nominal  GDP of USD 510 billion, surpassing South Africa’s USD 352 billion (African Economic Outlook, 2014).

However, since the global economic crisis of the 1980s and the introduction of the Structural Adjustment Programme (SAP) in 1986, Nigeria has been plagued  with  some  serious  economic problems. One of such problem is the increase in the level of poverty.

There is widespread miserly among majority of Nigerians because their living standard has deteriorated due to low income and hunger. Only a small proportion of the population of Nigeria has access to education, health care services, good roads  and  adequate  shelter.

Poverty has also led to increases in crime, child labour, child abandonment, high child and maternal mortality rates and reduction in life expectancy of most adults (Ijaiya, 1998)

It was observed by Aigbokhan, (2008) that poverty reduction has received increased focus in development debate in the past two decades and progress on poverty reduction has become a major measure of success of development policy.

REFERENCES

Abama, E. & Kwaja, C.M.A. (2009). Violence against women in Nigeria: How  the  Millennium Development Goals addresses the challengeJournal of Pan African  Studies, 3(3) 23-28.

Abu-Ghaida, D. &Klasen, S. (2003). The costs of missing the  Millennium  Development  Goals on gender equity In Discussion Paper 01, University of Munich.

Abur, C. C., Eche, E.&Torruam, J. T. (2013). Millennium Development Goals (MDGs) and poverty reduction in Nigeria. International Journal of  Basic  and  Applied  Science, 1(3) 504-510.

Adedokun, A. S., Omitogun, O. &Sangosanya, A. O. (2011). Achieving Millennium Development Goals in Nigeria: Imperative for gender balance in human capital development.Journal of Science and Management, 1(10) 35-39.

Adejo, A.M. (2006). Poverty in the land of plenty. NUBESS Journal of Contemporary Issues,1(2) 10-15.

African Economic Outlook, (2014). Retrieved from http://www.africaneconomicoutlook.org

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