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The Nigerian economy in recent times has recorded substantial growth. In spite of this, poverty persists unabated. This article examines issues surrounding the paradox of rising poverty amid high economic growth in Nigeria. It argues that the reasons for this absurdity include jobless growth, a non-pro-poor growth, and failure of poverty alleviation initiatives to address structural transformation required for a sustainable growth, employment generation, and bridging income gap within the economy. It is therefore recommended that focus should be placed on structural transformation, genuine commitment to good governance, fight against corruption, and provision of social protection for the poor and vulnerable.
Rasaki Stephen Dauda (Wed,) studied this question.
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