POVERTY AND INSECURITY IN NIGERIA: ASSESSING THE SOCIOECONOMIC DRIVERS AND CONSEQUENCES

Authors

  • Akamobi Obiageli Gloria Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Anambra State, Nigeria.
  • Unachukwu Ijeoma Blessing Department of Economics Education, School of Arts and Social Sciences, Federal College of Education (Technical), Umunze, Anambra State, Nigeria

Keywords:

Poverty, insecurity, socioeconomic drivers, unemployment

Abstract

This study investigated the interconnected issues of poverty and insecurity in Awka South, Anambra State, Nigeria, emphasising the identification of main socioeconomic factors and evaluating their wider implications. The research examined the dual effects of poverty and insecurity on social stability and economic development, focussing on how unemployment, restricted educational possibilities, and economic inequality exacerbate these problems. Data was collected from 157 inhabitants in Awka South using a purposive sample technique and standardised questionnaires, investigating perceptions of the primary causes of poverty and insecurity, as well as community-suggested solutions. Analysis indicates that unemployment is predominantly regarded as a principal catalyst of poverty and insecurity, with 89.2% of respondents associating it with economic distress and social instability. 86.6% of interviewees identified restricted access to quality education as an impediment to economic mobility, hence perpetuating cycles of poverty. Inequality surfaced as a substantial concern, with respondents highlighting its contribution to heightened animosity and criminality. The research illustrates the effects of poverty and insecurity on local enterprises, youth conduct, and community relations, indicating that these factors impede socioeconomic advancement by deterring investment and creating an atmosphere of fear. Participants predominantly advocate for job creation programs, improved educational access, and community-oriented security activities as successful measures. The study underscores the imperative of integrated strategies for poverty alleviation and security enhancement, advocating for policies that foster employment opportunities, educational initiatives, and community-focused security reforms.

Downloads

Published

2024-11-15

How to Cite

Akamobi , O. G., & Unachukwu, . I. B. (2024). POVERTY AND INSECURITY IN NIGERIA: ASSESSING THE SOCIOECONOMIC DRIVERS AND CONSEQUENCES. British International Journal of Applied Economics, Finance and Accounting, 8(6), 71–89. Retrieved from https://aspjournals.org/Journals/index.php/bijaefa/article/view/866

Similar Articles

You may also start an advanced similarity search for this article.