June 18, 2013

Achieving Inclusive Growth Through Pro-poor Spending

The
paper examines if the nature of the economic growth in Nigeria is inclusive
(Pro-poor) or exclusive (pro-rich) and recommends ways to achieve inclusive
growth with emphasis on Pro-poor spending.

Download Label
March 13, 2018 - 4:00 am
application/pdf
444.54 kB
v.1.7 (stable)
Read →


Author:Ibrahim A. Tajudeen

Publication Date: December, 2011

Document Size:18pages


Objectives

  • This study aims to achieve the following objectives;
  • Determine whether Nigeria is experiencing economic growth.
  • Determine the nature of the growth in Nigeria inclusive (Pro-poor) or exclusive (pro-rich)?
  • Recommend ways to achieve inclusive growth or to sustain existing inclusive growth emphasize Pro-poor spending.

Concepts

Inclusive Growth

    • growth that enables the poor to actively participate in and significantly benefit from economic activities.
    • growth that reduces the level of poverty by providing everyone the minimum basic capabilities
    • Labour absorbing, mitigate inequalities, facilitate income and employment generation for the poor, particularly women (ADB,1999)

Pro Poor Spending

    • reduces the level of poverty, inequality and empowers females.
    • focuses on the development of key social and




Related

 

Nigeria Economic Update (Issue 26)

The All-Share index (ASI) and Market Capitalization both depreciated (week-on-week) by 1.45 percent for the second consecutive trading week- June 3, 2016 to June 10, 20166. ASI depreciated by 401.8 points from 27,634.42 points to 27,232.62 points, while Market Capitalization declined by N140billion from N9.49 trillion closing the week at N9.35 trillion. All other indices declined, with the exception of NSE ASem Index, NSE Insurance Index, and NSE oil/Gas Index. The delay in the implementation of proposed forex policy continues to adversely affect stock market performance. However, with growing speculations that the new FOREX guidelines would be released in the succeeding week, market indices could perform better subsequently. Hence, monetary authorities should ensure the timely release and implementation of the new FOREX policy to boost investors confidence in the near term and ensure price stability in the capital market.

Nigeria Economic Update (Issue 4)

Recently released power sector report by the National Bureau of Statistics records a total average energy generation of 2,548GWH by 25 power stations, from October 2016 to December 2016. Daily Energy generation, attained the 2016Q4 highest level of 3,859.6MW in October 2016, and a lowest level of 2522MW in the same month. On the average, current daily energy generated which is below 3,000MW, prompts system malfunctions. Thus, the irregular power generation and supply experienced in recent times is attributable to shortage of gas owing to non-functional major pipelines, in addition to the inability of GENCOs to make payments for the available gas supply. Given the recent challenges to power supply, efforts should be geared towards the diversification of electricity generation. Government should consider investment in renewable as well as coal energy to complement gas power supply.