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.
Full Text
Download
References
Adam, H. (2022). Entrepreneur: What it means to be one and how to get started. Investopedia
Addae-Korankye, A. (2014). Causes of poverty in Africa: A review of literature. American International Journal of Social Science, 3(7), 147–153. https://www.aijssnet. com/journals/Vol_3_No_7_December_2014/16.pdf
Aderounmu, B. O. (2018). Gender analysis of poverty in Sub-Saharan African Countries. Presented at the 1st covenant university international women’s multidisci- plinary conference, Covenant University, Ota, Nigeria
Aina, J. K., Abdulraham, A. O., & Abdulwasiu, A. A., (2019). Entrepreneurial Skills in Science Through Authentic Learning Strategy; A Panacea for Youth Unemployment in Nigeria South Asia Research Journal of Humanities and Social Sciences, 1 10-14. Retrieved from www.sarpublication.com/srihs
Andrew, E. C. 2016. School finance decisions and academic performance: An analysis of the impacts of school expenditures on student performance, (Department of Public Policy and Administration, California State University, Sacramento
Baker, K. H., Kumar, S., & Rao, P. (2017). Financing preferences and practices of Indian SMEs. Global Finance Journal, 18, 1–15.
Blanchand KH, Carlos JP & Randolph WA (1996). Empowerment takes more than a minute, San Francisco: Berret-Koehler.
Central Banks of Nigeria.(2012). Beyond political rhetoric. Investing in youth as an economic strategy: https//www.semantic scholar.org/paper/beyond political rhetoric % 3a –investing –in youth –as – a sanusi /8b8909080921c17db6a571524467aabObed8b520.
Danaan, V. V. (2018). Analying poverty in Nigeria through theoretical lenses. Journal of Sustainable Development, 11(1), 20–31. https://doi.org/10.5539/ jsd.v11n1p20
Easmon, R. B., Kastner, A. N. A., Blankson, C., & Mahmoud, M. A, (2019). Social capital and export performance of SMEs in Ghana: The role of firm capabilities. African Journal of Economic and Management Studies, (3). https://doi.org/10.1108/ AJEMS-11-2018-0361
European Central Bank (2015). Financial integration in Europe. European Central Bank. Express Podcast
Foy, C. N. (1997).Empowering people at work. England. Gower Publishing
GIWPS. (2019a). Women, Peace and Security Index 2019/20: Tracking sustainable peace through inclusion, justice, and security for women. Washington, DC. Retrieved January 26, 2020, from https://giwps.georgetown.edu/wp-content/uploads/2019/12/WPS-Index-2019-20-Report.pdf
Gumbari Joseph (2009) ‘The Importance of Skills Acquisition: A Challenge to Nigerian Legislatorâ€. The National Assembly Legistrative Digest. Retrieved from http://www.nasslegisdigestonline.com/newsdesc.php?id=134. Accessed on 13 July 2013
Kharas, H., Haml, K., & Hofer, M. (2018).Rethinking Global Poverty Reduction
Kimeu, R. M. Tanui, E. & Ronoh, A. (2015). The influence of instructional resources on secondary school students’ academic performance in Makueni County, Kenya. International Journal of Scientific Research and Innovative Technology, 2 (1), 70-81.
Kolawole, A. O., & Ogbiye, C. A. (2020). Resource utilization and internal efficiency of secondary schools in Ekiti State, Nigeria International Journal of Education, Learning and Development, 8(5), 11-20.
Kremer, M., Willis, J., & You, Y. (2021). Converging to Convergence. In M. Eichenbaum, & E. Hurst, NBER Macroeconomics Annual 2021, Volume 36. Chicago: University of Chicago Press. Retrieved from http://www.nber.org/chapters/c14560
Lucas, B.O., Alaka, A.A., &Odozi, A.F., (2014). Entrepreneurship Education; A Viable Tool for Youth Empowerment in Nigeria Academic Journal of Interdisciplinary Studies. 3 (3) MCSER. Publishing Rome.
Macalino, P. P. (2014).Physical plant and facilities in educational management. Retrieved from https://www.slideshare.net/popsmacalino/physical-plant- and-facilities-in-educational-managements.
Moscalu, M., Girardone, C., & Calabrese, R. (2020). SMEs growth under financing constraints and banking markets integration in the euro area. Journal of Small Business Management, 58(4), 707–746. https://doi. org/10.1080/00472778.2019.1668722
National Population Commission. (2019). Nigeria Demographic and Health Survey 2018. Abuja: NPC. Retrieved November 22, 2019, from https://dhsprogram.com/pubs/pdf/FR359.pdf.
NBS. (2010). National poverty rates for Nigeria: 2003-2004 revised.
Ogundipe, A. A., Ogunniyi, A., Olagunju, K., & Asaleye, A. J. (2019). Poverty and income inequality in rural agrar- ian household of southwestern Nigeria: The gender perspective. The Open Agriculture Journal, 13(1), 51–57. https://doi.org/10.2174/ 1874331501913010051
Olowa, O. W. (2012). Concept, Measurement and Causes of Poverty: Nigeria in Perspective. American Journal of Economics, 2(1), 25–36. https://doi.org/10.5923/j.eco nomics.20120201.04
Owusu, J., Ismail, M., Mohd-Osman, M. H., & Kuan, G. (2019). Financial literacy as a moderator linking financial resource availability and SME growth in Ghana. Investment Management and Financial Innovations, 16(1), 154–166. https://doi.org/10. 21511/imfi.161.2019.12
Pande, R., & Enevoldsen, N. (2021). Growing Pains? A Comment on "Converging to Convergence". Cambridge: National Bureau of Economic Research. Retrieved from https://www.nber.org/system/files/working_papers/w29046/w29046.pdf
Population Reference Bureau [PRB]. (2017). World popu- lation data sheet. Population Reference Bureau.
Sokona, Y., Mulugetta, Y., & Gujba, H. ( 2012). Widening energy access in Africa: towards energy transition. Energy Policy, 47(1), 3–10.
UNDP. (2016). Human Development Report: Human Development for everyone. New York: UNDP. http:// hdr.undp.org/sites/default/files/2016_human_devel opment_report.pdf
UNDP. (2018). Human development indices and indicators: 2018 statistical update.
Usman, I.S., Waziri, U.M., Abdullahi, A. & Babayo, A. A., (2018). Students’ Participation in Entrepreneurship Skills Acquisition Programmes in Adamawa State Polytechic, Yola Nigeria. Biodiversity International Journal, 2 (2). 181 – 185 doi. 10.15406/ by. 2018.00061.
World Bank. (2015). More, and More Productive, Jobs for Nigeria: A Profile of Work and Workers. Washington. Retrieved February 2, 2020, from http://documents.worldbank.org/curated/en/650371467987906739/pdf/1 03937-WP-P146872-PUBLIC-Nigeria-Jobs-Report.pdf
World Bank,(1990). World Development Report, Poverty. New York: Oxford University Press
World Poverty Clock (2018). The percentage of Nigerians living in extreme poverty could increase by 2030
Worldometer (2020). World Population. Worldometer. https://www.worldometers.info/world-population /nigeria-population/
Yahya, L. O., & Ogunyemi. E. O. (2022). The Utilisation of Resources in Public Universities in Nigeria. African Journal of Studies in Education, (AJOSIE). University of Benin, Benin city. Nigeria, 17(2), 141-148.
Zhou, Y., & Liu, Y. (2019). The geography of poverty: Review and research prospects. Journal of Rural Studies. https://doi.org/10.1016/j.jrurstud.2019.01.008