POVERTY ALLEVIATION AND THE MILLENNIUM DEVELOPMENT GOALS: THE ROLE OF OBASANJO FARMS NIGERIA
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 4
Abstract
The study examines poverty alleviation and the Millennium Development Goals (MDG) within the context of private sector investment – Obasanjo Farms Nigeria (OFN). This was necessitated by the fact that private sector investment, especially in agricultural production can help in the realisation of the MDG (1), which is to eradicate extreme poverty and hunger by the year 2015. The study is strengthened, indeed anchored on the theories of capitalism and development, which seek to demonstrate how it is possible for individual investors to maximize profits and states to promote the widest distribution of goods and services to attain advanced economic growth. In essence, the frameworks show that, while capitalism is characterised by competitive free market and motivated by profit within prevailing economic conditions, the government can cushion the ‘inhuman’ effects of capitalism by redistribution of wealth to the impoverished segment of the population. It relied on the use of primary and secondary sources of data to test the veracity of the hypotheses raised in the study. The former involved the distribution of questionnaires to a sample population of 50 people, which was analysed with the aid of Statistical Package for Social Sciences (SPSS) and the latter helped to sustain existing arguments in the work. Findings revealed that the attainment of MDG (1) is inconceivable under the current ambience of distortions in government policy on agricultural sector in Nigeria. To be sure, the disconnect between policy pronouncements and policy implementation on the part of the government will hinder the actualisation of the MDGs. To that effect, the study concludes that poverty alleviation will continue to elude the teeming population of Nigerians until this anomaly is reconciled. The study canvasses, among other things, that the government should create a climate for a robust public-private partnership in the country to engender growth, while maintaining its resolve to provide enabling economic environment.
Authors and Affiliations
CHIDOZIE Felix Chidozie (PhD)| DEPARTMENT OF POLITICAL SCIENCE AND INTERNATIONAL RELATIONS, COVENANT UNIVERSITY, OTA, OGUN STATE, NIGERIA felix.chidozie@covenantuniversity.edu.ng 234-080-338-155-20, ONYEMACHI Edward Chigozie| DEPARTMENT OF POLITICAL SCIENCE AND INTERNATIONAL RELATIONS, COVENANT UNIVERSITY, OTA, OGUN STATE, NIGERIA felix.chidozie@covenantuniversity.edu.ng 234-080-338-155-20
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