Department of Economics

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Browsing Department of Economics by Author "Akande, Rashidat Sumbola"

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    Financial Inclusion, Institutional Quality, and Poverty Reduction in Nigeria.
    (Kwasu, 2024-12) Akande, Rashidat Sumbola; Abdulkareem, Hauwah K. K.; Olohunlan, Amina
    Poverty alleviation remains a global challenge and at the fore front of the economic development of developing economies like Nigeria. Although it has been established in literature that financial inclusion is crucial for poverty reduction, few studies have examined the role of institutional quality as an important determinant of poverty reduction. Hence, this study examines institutional quality and financial inclusion on poverty reduction in Nigeria. The paper is anchored on the Capability Approach and adopts the Human Development Index (HDI) as a proxy for poverty reduction as it measures basic human capabilities. With time series data from 1987 to 2022 the VECM is employed as the estimation technique given the established long-run relationship obtained from the ARDL bounds test cointegration technique. Findings reveal that in the short run, financial inclusion and institutional quality are statistically significant and positive for poverty reduction. In the long run, however, these relationships become insignificant. This study, therefore, elucidates on the opposing directions of financial inclusion and poverty alleviation in the country with institutional quality also shown to be vital. Consequently, financial inclusion and institutional quality are found to be necessary, but insufficient conditions for poverty reduction. Hence, while financial inclusion and good institutions are important in the short run, long-term poverty alleviation strategies must be comprehensive and multi-sectoral in approach to complement, consolidate, and sustain the poverty reduction potentials of financial inclusion and high-quality institutions.
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    Impact of poverty reduction program of the kwara state government of nigeria on the beneficiaries
    (2013-03) Mustapha, Rafiu A.; Akande, Rashidat Sumbola; Jimoh, Sodiq Olaiwola
    Poverty reduction program and effort in Nigeria is as old as the country itself. In-spite of huge money the federal government, state government and local government expended on the program aimed at reducing the poverty rate in the country, poverty rate continue to increase. Hence, it is necessary to find out the impacts of the poverty reduction program on the poverty status of the beneficiaries. The study was empirically carried-out to assess the impact of poverty reduction program of the Kwara State government (Nigeria) on the beneficiaries employing Binary Logit Model (BLM). The study focused on the “KekeMaigida” (commercial tricycle) poverty reduction program and obtained data from 112 beneficiaries, using a structured questionnaire. Questionnaires were distributed randomly (probability sampling method) in major commercial tricycles terminals in Ilorin metropolis. The study used both descriptive and inferential approach for the analysis. It was found that there is negative significant impact between income after, wealth before and wealth after the scheme, and household size of the beneficiaries. Therefore, the study concluded that poverty reduction program of the Kwara State (Nigeria) has impact on the beneficiaries. Then, the study suggested that the state government should extend the poverty reduction program to cover more youth in the state so as to reduce the poverty rate.