ENCOURAGING GROWTH TO REDUCE POVERTY IN NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
1.1 STATEMENT OF THE PROBLEM AND THE PURPOSE OF THE STUDY
It is a common knowledge that the third would countries are generally poor. Even though there are poor people in developed world they are not comparable to the developing world. In African Nigerian is regard as the giant of African because of its abundant natural and human resources.
In Nigeria today, the poor get poorer and the rich gets richer this raises serious question on the existence of true democracy and one Nigeria. it is against this bank ground of suffering and deprivation of the poor that this research work is designed to investigation how encourage growth in Nigeria to reduce poverty among Nigerians.
1.2 RATIONAL OF THE STUDY
This study if successful conducted and this recommendation implemented can changed the country are reduced poverty this can systematically attract the much needed conduction to reduce poverty in Nigeria.
1.3 SIGNIFICANCE OF THE STUDY
The significance of this study is to achieve a great success in contributing the little researcher can, if not a great deal in alleviating the suffering of Nigeria masses by improving their living standard.
The study also is expected to improve Nigeria economy and national development.
It is a well know fact that a hungry nation is an angry nation and a healthy nation is a wealthy nation.
When the nations citizens are healthy, the national development will be improve because the nations development is determined by the working capacity of her citizens.
1.4 BACKGROUND OF THE STUDY
Poverty has steadily increased in Nigeria in the last ten years. Both world bank reports and human development reports can lend credence to the above assertion in 1087, Nigeria was ranked 54thand was classified as middle income nation by the 1981 world development report. By 1957 Nigeria had lost her status a middle income nation and by 1991, if has joined the club of the poorest countries of the world with such other countries as Tanzania, Somalia Bangladesh, laws, Malawi, Nepal, chard, Burundi, sierra, Leone and Madagascar (new swatch January 13, 1992) Nigeria income per capital has also declined steadily from and 800 in 1980 and 250 in 1989.
1.5 DEFINITION OF THE STUDY
In order to prevent ambiguity, the following terms used in this project writing has been defined as follows.