10
Apr
Causes Of Income Inequality In Nigeria. The country has increasing rate of poverty both at the regions and at the national level high unemployment rate high income inequality low quality human capital high percentage of population on welfare and high out migration in the face of high economic growth measured by GDP. This is because urban dwellers usually earn more than rural dwellers due to their higher literacy level. Inequalities between urban and rural populations between rich and poor and between the genders. Uni-directional causality was found from Poverty POV to.
This paper seeks to evaluate the causes and consequences of regional imbalances and inequalities in Nigeria and. This is because urban dwellers usually earn more than rural dwellers due to their higher literacy level. Between income inequality and its determinants in Nigeria. Activities unemployment and underemployment income inequality and poverty persistent food shortages deteriorating material conditions of farm populations and external dependency. Therefore illiteracy rate becomes both causative and resultant effect of income inequality in Nigeria. The country has increasing rate of poverty both at the regions and at the national level high unemployment rate high income inequality low quality human capital high percentage of population on welfare and high out migration in the face of high economic growth measured by GDP.
The National Bureau of Statistics NBS recently released the 2019 Poverty and Inequality in Nigeria report which highlights that 40 percent of the total population or almost 83 million people live below the countrys poverty line of 137430 naira 38175 per year.
The redistribution of income might be a source of poverty since income in the hands of the minority will lead to increase in illiteracy. Poverty and inequality in Nigeria are not due to a lack of resources but to the ill-use misallocation and misappropriation of such resources. It can be concluded that the income inequality of Nigeria is not desirable feature of developing economy. The redistribution of income might be a source of poverty since income in the hands of the minority will lead to increase in illiteracy. Inequality in Nigeria has three inter-related but distinct aspects inequality of wealth inequality of income and inequality of opportunity. The negative relationship between income inequality and social transfers can be interpreted as evidence that highinequality countries like nigeria lack the economic or political means to fund social programmes.