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.

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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 2)

Recent ranking by the World Bank, portrayed Nigeria as having a poor business environment based on the ease of doing business in 2016. Although, Nigeria moved one position forward from previous (2015) ranking, to attain the 169th position out of the 190 global economies reviewed4. This poor rating is resultant of a myriad of factors, including: difficulties in starting a business, enforcing contracts, inaccessibility to credit, tax payment issues, as well as unreliable supply of energy, and labour market regulations. Going forward, improving the efficiency of tax administration by adopting the latest technology to facilitate the preparation, filling and payment of taxes will be beneficial for the business community.