Monday, January 21, 2008

Yar'aduanomics And the Poverty Question - Leadership(Abuja)

Posted to the web 21 January 2008

S. K. Mazawaje
Kaduna

One will be right by way of personification, to say that poverty and crime are twin brothers born of a mother whose name is unemployment. Some one once argued that, of all the evils known to mankind, worklessness is the worst. Unemployment is a direct source of poverty the worst affliction that man can suffer. This unemployment situation lowers self esteem and morale, it is indeed dehumanizing.

The level of poverty has since become a major bench mark for gauging the health of any nation's economy. According to Dudley Seers, a world renoun political economist, the questions to ask about a country's development are three, namely; What has been happening to poverty? What has been happening to unemployment? What has been happening to inequality? If all these three have declined from high levels, then beyond doubt, this has been a period of development for the country concerned". When you apply these standards or indices which are intertwined to the Nigerian situation, the answer becomes very obvious and does not need to be repeated, they have all been on the rise. Nigeria is currently facing profound socio-economic challenges, the most worrisome and distressing of them being wide spread poverty and high rates of crime especially armed robbery, corruption, murders, drug-related crimes and youth militant up-risings. Full Story

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