EFFECT OF POVERTY ON ECONOMIC GROWTH IN NIGERIA
Abstract
The studyexamined the effect o.fpoverty on economic growth in Nigeria betweenthe periods, 1992-2022. The study utilized quantitative data gathered from secondary sources such as the World Bank Development Indicators, and the National Bureau ofStatistics(NBS)annual reports. Augmented Dickey Fuller test and specifically, the Dynamic Least Square analysis (DOLS) were used in this study. The.findings revealed that poverty have an indirect effect on economic growthinthelongruninNigeria overtheyearsunderstudy.Accordingly, theresult wasstatisticallysignificant,andtherebyconformstoaprioriexpectation. Thestudy fitrther revealed that poverty and population have significant negative impact on economic growth in Nigeria. While labour and gross capital formation impacted positively, and are statistically significant on growth in Nigeria. The study concludesthateconomicgrowthdoesnodependsonpoverty,asdeducedfromthe .findingsthatgrowthisvital.for povertyin Nigeria
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