Volume 12 Issue 1, January, 2024

Human Empowerment and Financial Resource Utilisation as a Panacea For Poverty Eradication In Nigeria

Yahya, Lateefat Oludare & Ogunyemi, Edamisan Olu

Abstract

Experts have expressed concerns on the ever-increasing state of poverty in Nigeria. This calls to question the need to examine human empowerment and financial resource utilisation as panaceas for eradication of poverty in the country. Studies have supported the notion that humans are not adequately educated and empowered in Nigeria, and this has led to a high level of poverty. Observable causes of humans empowerment and financial resource utilisation include insufficient education and training programmes to empower humans and inability to obtain funds, poor health facilities and poor governance. Therefore, deliberate measures should be put in place to empower human educationally and economically in order to eradicate poverty. Human empowerment and financial resource utilisation are veritable tools for poverty eradication and job creation the efficiency and effectiveness of human empowerment and financial resource utilization lie on the government to establish business schools, make funds available develop entrepreneurship programme and collaborate with international communities for support. Both federal and state government should then ensure the sustainability of successful human empowerment programmes, making funds easily accessible to empower youth and inclusion of empowerment programmes and training from primary education to university education.

Keywords

Human Empowerment, Financial Resource Utilisation, Economic Empowerment, Entrepreneurship Programme and Poverty Eradication.

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