International Journal of Scientific and Research Publications

IJSRP, Volume 4, Issue 7, July 2014 Edition [ISSN 2250-3153]


Defeating the Poverty Cycle in Nigeria through Innovation and Industrial Revolution
      Ofem Lekam Ujong
Abstract: Local and global realities compel a rethink of the economic priorities and strategies in Nigeria. The economy is struggling to leverage the country’s vast wealth in fossil fuels in order to displace the crushing poverty that affects about 54 percent of its population. Economist experts refer to the coexistence of vast wealth in natural resources and extreme personal poverty in developing countries like Nigeria as the “resource curse”. Nigeria’s exports of oil and natural gas at a time of peak prices have enabled the country to post merchandise trade and current account surpluses in recent years but still harbors a good percentage of people living below the poverty line.

Reference this Research Paper (copy & paste below code):

Ofem Lekam Ujong (2018); Defeating the Poverty Cycle in Nigeria through Innovation and Industrial Revolution; Int J Sci Res Publ 4(7) (ISSN: 2250-3153). http://www.ijsrp.org/research-paper-0714.php?rp=P312904
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