SOLVING THE POVERTY CRISIS IN NIGERIA: AN APPLIED GENERAL EQUILIBRIUM APPROACH

Abstract

PERHAPS, POVERTY AND PLENTY IS THE WORLD'S GREATEST CHALLENGE. THIS STUDY THEREFORE PROPOSE AN APPLIED(COMPUTABLE)GENERAL EQUILIBRIUM APPROACH, THAT IS A RENEW ATTENTION TO THE PROBLEM OF POVERTY , EMPLOYMENT AND INEQUALITY THAT EARLIER STRATEGIES FOCUSING ON RAPID GROWTH WERE UNABLE TO RESOLVE. USING NIGERIA AS A CASE STUDY, WE PERFORM THE SPECIFICATION, ESTIMATION AND CALIBRATION OF A POVERTY-BASED MODEL WITHIN DATA FRAMEWORK OF SOCIAL ACCOUNTING MATRIX(SAM). THE RESEARCH OUTPUT IS EXPECTED TO BE THE POLICY RESPONSE TO THE ENVISAGED COMPLEX HUMANITARIAN EMERGENCIES(CHEs) FACING POOR COUNTREIS SUCH AS NIGERIA.POVERTY, APPLIED GENERAL EQUILIBRIUM MODEL, SOCIAL ACCOUNTING MATRICE, NIGERIAN ECONOMY, EMPLOYMENT, INEQUALITY