EFFECT OF POVERTY ON SOCIO-ECONOMIC DEVELOPMENT IN NIGERIA: A CONCEPTUAL FRAMEWOK APPROACH

Abstract

Poverty is a global phenomenon, which affects continents, nations and people differently. It afflicts people in various depths and levels, at different times and phases of existence.The purpose of this study is to propose a conceptual framework that will investigate the effect of poverty on socioeconomic development. However, the nature and existence of this relationship are found to be mixed and inconclusive (i.e., positive and negative relationship between the study variables). These have prompted scholars, experts, and authorities to re-examine the relationship between effect of poverty and socio-economic development. This study addresses the research deficit and proposes a conceptual framework to measure the effects of poverty on socio-economic development, which could be used by government and non-governmental organizations.

Furthermore, a recommendation for future research in this area also suggested.