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 19)

Internally generated revenue by 35 states for the 2016 fiscal year increased by 17.5 percent to N802 billion from N683 billion generated in the preceding year. A breakdown of the IGR shows that the increase was driven by PAYE, Direct assessment, Road taxes, Revenue from MDAs and other taxes. The highest and lowest revenue generating states were Lagos (38%) and Ebonyi (0.1%) respectively. An improvement in the efficiency of the tax system could improve the contributions of the IGR to overall government revenue. Particularly, incorporating workers in small stores, agricultural and informal businesses into the tax system; building capacity of tax officials and computerizing their operations; as well as investing in quality data collection and access could provide some quick wins.