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How Can We Eradicate Poverty In Nigeria? - Politics - Nairaland

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How Can We Eradicate Poverty In Nigeria? by bronxdog: 1:45am On Dec 30, 2008
Apart from sex talk and meaningless argument and discourse on Nairaland, lets see how well Nigerians mean for their country and for the down trodden generally.

How can poverty be eradicated in Nigeria!

1 Like

Re: How Can We Eradicate Poverty In Nigeria? by penpebso: 1:57am On Dec 30, 2008
eradicatiing poverty is easy if pple are willing and ready to pay the price and make a sacrifices, price different and similar to that we'v paid and maked in the past.
Re: How Can We Eradicate Poverty In Nigeria? by bronxdog: 1:58am On Dec 30, 2008
penpebso:

eradicatiing poverty is easy if people are willing and ready to pay the price and make a sacrifices, price different and similar to that we'v paid and maked in the past.

what have you said?

1 Like

Re: How Can We Eradicate Poverty In Nigeria? by Nobody: 1:35pm On Dec 31, 2008
Simple, take away corruption.
Re: How Can We Eradicate Poverty In Nigeria? by Nobody: 1:55pm On May 24, 2017
Farming! There is this popular saying that once you remove hunger from the poverty equation, then the equation has been greatly solved.
Re: How Can We Eradicate Poverty In Nigeria? by deedeedee1: 2:27pm On May 24, 2017
You can not eradicate poverty in Nigeria
Re: How Can We Eradicate Poverty In Nigeria? by deedeedee1: 2:28pm On May 24, 2017
deji15:
Farming! There is this popular saying that once you remove hunger from the poverty equation, then the equation has been greatly solved.
So everybody in Nigeria should become a farmer?
Well done.
Re: How Can We Eradicate Poverty In Nigeria? by Nobody: 2:33pm On May 24, 2017
deedeedee1:

So everybody in Nigeria should become a farmer?
Well done.

Until you conquer hunger, you should not bother to do anything else. Is that not what natural law of living has established?
Re: How Can We Eradicate Poverty In Nigeria? by deedeedee1: 2:35pm On May 24, 2017
deji15:


Until you conquer hunger, you should not bother to do anything else. Is that not what natural law of living has established?
How do you conquer hunger with farming?
Re: How Can We Eradicate Poverty In Nigeria? by Blue3k(m): 2:42pm On May 24, 2017
deedeedee1:

How do you conquer hunger with farming?

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Re: How Can We Eradicate Poverty In Nigeria? by Nobody: 2:48pm On May 24, 2017
deedeedee1:

How do you conquer hunger with farming?

Imagine someone asking this type of question? Do you know how the food you eat come about?
Re: How Can We Eradicate Poverty In Nigeria? by Nobody: 2:49pm On May 24, 2017
[quote author=Blue3k post=56833401][/quote]

Can you imagine the question someone is asking? A lot of people are detached from reality.

1 Like

Re: How Can We Eradicate Poverty In Nigeria? by deedeedee1: 3:10pm On May 24, 2017
deji15:


Imagine someone asking this type of question? Do you know how the food you eat come about?
\
Baba answer my question. How will farming reduce poverty in the land?
Re: How Can We Eradicate Poverty In Nigeria? by DaniDani(m): 4:37pm On May 24, 2017
Very interesting question. This question was asked in 2008 and no response from members of this community. Only one person replied in 2008 before few other replies propped up today after about 9years. And this is a critical situation ravaging Nigeria and entire Africa. Seriously everything is wrong with us. Had this post been about sex, whack music, celebrities and other nonsenses that graces the front page, you would have counted more than 30 pages with over 200,000 views.

Back to the question. Poverty can be attacked and eradicated through a holistic approaches. Through good policies, people's attitudes to changes and programmes, jettisoning subsistence farming that's the order of the day in Nigeria and entire Africa and adopting mechanized farming, above all, corruption must be trapped before any of the above works.
Re: How Can We Eradicate Poverty In Nigeria? by koolnd: 12:45am On Apr 10, 2019
Evaluation of Strategies for Minimizing Poverty in Nigeria. (A Study of (ABCPRP) Abia State Agency for Community Based Poverty Reduction Project)

Poverty describes a wide range of circumstances associated with need, hardship and lack of resources. For some, poverty is a subjective and comparative term; for others, scientifically established.

http://www.scharticles.com/evaluation-of-strategies-for-minimizing-poverty-in-nigeria/
Re: How Can We Eradicate Poverty In Nigeria? by Tianamen1: 1:08am On Apr 10, 2019
Massively reduce the size of our civil service, tax the wealthy and finance all basic education in Nigeria. In 10 years, Nigeria will be competing with Dubai.
Re: How Can We Eradicate Poverty In Nigeria? by equalgarden(m): 1:18am On Apr 10, 2019
Let every arm of government and legislooters be on minimum wage. Simple equations.
Re: How Can We Eradicate Poverty In Nigeria? by mpianya39(m): 1:39am On Apr 10, 2019
Maka GINI na per head oh tongue tongue tongue


















Biafra MUST come angry
Re: How Can We Eradicate Poverty In Nigeria? by grandstar(m): 1:49am On Apr 10, 2019
penpebso:
eradicatiing poverty is easy if pple are willing and ready to pay the price and make a sacrifices, price different and similar to that we'v paid and maked in the past.

You have said nothing

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Re: How Can We Eradicate Poverty In Nigeria? by grandstar(m): 2:08am On Apr 10, 2019


Imagine someone asking this type of question? Do you know how the food you eat come about?



Funny but deedeedee1 asked a valid question

You need to understand that the primary cause of hunger is not a lack of food but actually a lack of money. India for instance is self sufficient in food production but chronic malnutrition is a big problem. Why? Because people are poor

Hong Kong and Singapore are 2 principalities that practically import all their food but the people eat well because they are wealthy.

Food self sufficiency may actually aggravate the hunger in the land

For instance, Nigeria has put in place very high import tariffs on rice. Government wants us to be self sufficient in rice. Only problem is that we have no comparative advantage in producing rice. The problem isn't producing the rice but doing so as cheap as countries like Vietnam, Thailand and India. These are the 3 countries that have comparative advantage in rice production

So, let's say a bag of rice from Thailand is N6,000 and locally made version is N10,000, government decides to tax the imported rice by N6,000 bringing the price to N12,000. Because the imported rice is now more expensive than the local version ,people decide to patronize the locally produced rice

The question I am wondering is how does buying a bag of rice for N10,000 instead of N6,000 help the poor? I am still trying to see how.

3 Likes

Re: How Can We Eradicate Poverty In Nigeria? by BuhariAdvocate: 2:15am On Apr 10, 2019
Best way to eradicate poverty we should first believe in ourselves.
Re: How Can We Eradicate Poverty In Nigeria? by grandstar(m): 2:43am On Apr 10, 2019
I would do the following:

1. Slash corporate taxes to 15%

2. Slash personal income tax to 20%.

3. End the multiple exchange rates that Buhari introduced and have only 1 rate.

4. End the naira Subsitution policy that is the prime reason inflation is high in Nigeria. Ending it will enable lending rates fall to single digit levels.

5. Deregulate the price of fuel, electricity, airline tickets. All prices will be determined by market forces.

7. End most import bans and high tariffs on imported goods. It will be no more than 8% for finished goods and that most capital goods and raw materials will be either zero or near 0%.

Only leave the ban on beef.

Import duty on rice will be slashed to nothing more than 20%. Import ban on second hand clothes will be lifted and import duty of 10% placed on them.

8. Slash the size of the civil service and make it very efficient. Set performance targets they are to meet. Place the best technocrats as ministers making appointments strictly on merit.

9. Increase VAT to 15%

10. Privatise all sea ports and airports selling to the largest and most competent bidders, even if it's foriegn.

11. May approve a privatisation of tax collection. This may include that for import duties and personal and corporate taxes.

12. Visas will be provided to visitors from the developed world upon arrival and for up to 3weeks.

13. Ensure the country is in the top 20 in respect to the Ease of Doing Business. All the reforms needed to achieve that score will be implemented.

14. Improve massively the education system

2 Likes

Re: How Can We Eradicate Poverty In Nigeria? by Tianamen1: 2:43am On Apr 10, 2019
grandstar

I keep liking all of your posts. Even when I am arguing against you, you always write some words of wisdom that force me to like your posts. Well done.
Re: How Can We Eradicate Poverty In Nigeria? by grandstar(m): 2:47am On Apr 10, 2019
[b][/b]
Tianamen1:
grandstar

I keep liking all of your posts. Even when I am arguing against you, you always write some words of wisdom that force me to like your posts. Well done.

Thanks a lot grin

1 Like

Re: How Can We Eradicate Poverty In Nigeria? by Tianamen1: 3:16am On Apr 10, 2019
grandstar:
I would do the following:

1. Slash corporate taxes to 15%

2. Slash personal income tax to 20%.

3. End the multiple exchange rates that Buhari introduced and have only 1 rate.

4. End the naira Subsitution policy that is the prime reason inflation is high in Nigeria. Ending it will enable lending rates fall to single digit levels.

5. Deregulate the price of fuel, electricity, airline tickets. All prices will be determined by market forces.

7. End most import bans and high tariffs on imported goods. It will be no more than 8% for finished goods and that most capital goods and raw materials will be either zero or near 0%.

Only leave the ban on beef.

Import duty on rice will be slashed to nothing more than 20%. Import ban on second hand clothes will be lifted and import duty of 10% placed on them.

8. Slash the size of the civil service and make it very efficient. Set performance targets they are to meet. Place the best technocrats as ministers making appointments strictly on merit.

9. Increase VAT to 15%

10. Privatise all sea ports and airports selling to the largest and most competent bidders, even if it's foriegn.

11. May approve a privatisation of tax collection. This may include that for import duties and personal and corporate taxes.

12. Visas will be provided to visitors from the developed world upon arrival and for up to 3weeks.

13. Ensure the country is in the top 20 in respect to the Ease of Doing Business. All the reforms needed to achieve that score will be implemented.

14. Improve massively the education system



Most of what you are saying is right but if you look at economics at it most basic level, only two things lead to growth. Productivity and credit.

with the implementation of the BVN, Nigeria's credit market was supposed to grow massively because finally lenders could track their borrowers funds to retrieve their money. This should have led to massive growth in our GDP but this did not occur because our productivity is too low so even if a person were to borrow funds, such funds would most likely be spent on consumption.

Why I advocate for Education and only education as the primary focus to reduce poverty.

Nigeria not only suffers from mass poverty but also massive inequality. Most of our income is from oil and this income is shared amongst government workers who then spend on goods and services offered by our private sector. So money from oil trickles into government officials pockets which then trickles down into the private sector. Every other Nigerian not connected in one way to this cycle is inevitably doomed to poverty. In fact, without this connection, a person's children are also doomed to poverty.

A shift from this system of paying government workers for little to no service to paying workers to teach our future leaders will provide a justification to keep a large number of workers on government's payroll.

Providing quality education reduce inequality as a rich man's child would get similar education to a poor man's child.

Sentimentality in employment and issues of state of origin and quota system will also be minimized.

Quality leadership and voting in the right candidates will become easier.

Our national discussions and focus will become productive.

With reduced poverty, investments for infrastructure will be easily sourced.

Nigerian influence would spread not only in Africa but across the world.

It is like it is said in the Gospels, "seek ye first the Kingdom of God and his righteousness and all these things shall be added unto you"

If Nigeria focuses on education, every other thing you mentioned in this post will naturally occur

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