Tag Archives: World Bank


Background Over the years Nigerian economy was formally depending on agricultural output and a major source of income to the economy. The discovery of huge revenue from oil export in the late 1970s and early 1980s made agricultural productivity to Read more…


A society is likely to remain largely in subsistence production if most of its members are poverty-stricken as the poor can hardly afford capital for expansion in production. They thus resort to labour intensive production with the margin of productivity Read more…


Though poverty is said to result from many causes, poverty is primarily a function of entrenched social and economic inequality at both national and international levels (Oxfam Community Aid Abroad, 1992). At the international level, such inequality is manifested in Read more…