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Name of the Asset | Impacts of Price Changes on Poverty: The Nigerian Experience
Type of Asset | Working Paper
Date | September 2009
Summary
The proportion of people living in extreme poverty, especially in Nigeria, fell only marginally between 1990 and 2006. The primary objective of this study is to systematically capture the impact of price changes on poverty in Nigeria. It applies a methodological approach that is based on consumer demand theory, applied to three major measures of poverty computed from the National Bureau of Statistics (NBS) data. To further ascertain the effects of price changes on poverty, per capita expenditure of the different group of consumers were estimated.
The study’s findings showed that poverty in Nigeria is accentuated by changes in the price of commodities. Price changes appear to have affected the consumption pattern of both rural and urban dwellers, and poverty is more rural than urban. There is an urgent need for the government to put in place policies (macro and micro) that will stem down the prices of commodities, especially food items.
Authors:
- Babatunde W. Adeoye
- S.O. Akande
- Ade S. Olomola
- T.O. Oni
Country and/or Region | Nigeria
Name of the Program | Global Research Project on Institutional Capacity Strengthening of African Public Policy Institutes to Support Inclusive Growth and the MDGs
Funder(s) | United Nations Development Programme’s (UNDP) Bureau for Development Policy (BDP) and Regional Bureau for Africa (RBA)
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