Periodicity.: October - December 2015
e-ISSN......: 2236-269X
Cover Image

Global governance and poverty reduction this millennium: Nigerian experience

John N. N. Ugoani

Abstract


Issue of global poverty became very worrisome that the United Nations Millennium Summit in 2000 placed it at the heart of global agenda to halve 1990 extreme poverty and hunger rates by the end of 2015. This means that the percentage of improvised people defined by the World Bank as those living on less than $1.25 a day must fall to 25 percent by the end of this year, while the proportion of people without adequate food security must be reduced to 12.5 percent. To achieve the aim, global leaders agreed to set a time-bound and measurable goals and targets. The United Nations believes that achieving the target which involves improvements in standards of living, universal primary education, empowerment of women, reduction in mortality rates, unemployment, among others, requires a global partnership with national governments, multinational agencies through global governance architecture. The ideal of global governance is a process of co-operative leadership that brings together national governments, multilateral public agencies and civil society to achieve commonly accepted goals. It provides strategic direction and then marshals collective energies to address global challenges. It is inclusive, dynamic and operates across national and sectoral boundaries and interests. It is this perspective of global governance that drives the Millennium Development Goals agenda toward global poverty reduction. This perspective is making positive contributions with some regions in the world heading toward the achievement of the target. Even those countries in sub-saharan Africa where most of the global poor live and who are lagging behind, are making frantic efforts to do so, with the assistance of global bodies like the world bank,  IMF, UNIDO, among others. The beauty of global governance is that it appears to be more democratic than authoritarian, more openly political than bureaucratic, and more integrated than specialized. This is the level that drives the global agenda for global poverty reduction. The survey research design was used for the study. Data generated were statistically analyzed and it was found that global governance has strong positive relationship with poverty reduction.

Keywords


Co-operative leadership; Global governance architecture; Multilateral bodies; More openly political than bureaucratic; Millennium Development Goals; United Nations; Extreme poverty; Global imbalances; Coefficient in equal

Full Text:

PDF HTML

References


ADEYEMI, K. (2014) 120 Feared Killed in Kano Central Mosque Tripple Explosions. The Nation, v. 07, n. 3047, p. 1-2.

ADELOWO, R. (2014) SURE-P has failed says Osinbajo. The Nation, v. 9, n. 3080, p. 52

AGBOGU, E. N.; ARCHANA, S. N. (2011) Programs and Projects for Improving Rural, Social and Economic Institutions in Nigeria: A Preliminary Assessment. International Journal of Social and Policy Issues, v. 8, n. 1, p. 32-39.

ALEXANDRATOS, N. (2005) Countries with rapid population growth and resource constraints: Issues of food, Agriculture, and Development. Popul Dev. Rev., n. 31, p. 237-258.

AZIZ, Z. A. (2007) Asia’s Decades of Transformation. Finance and Development, v. 44, n. 2, p. 4.

BAYAGBOM, M. (2015) Fighting One Corruption. Vanguard, v. 25, n. 62332, p. 18.

BOUGHTON, J. M.; BRADFORD, JR. C. I. (2007) Global Governance: New Players, New Rules. Finance and Development. v. 44, n. 4, p. 10-14.

BURTON, D.; TSENG, W.; KANG, K. (2006) Asia’s Winds of Change. Finance and Development. v. 43, n. 2, p. 9-13.

COFFIE-SYAMFI, C. (2015) Atiku says Nigeria lacks honest, effective governance. The Guardian, v. 31, n. 13087, p. 3.

COTIS, J. P. (2004) Growing Pains, Dissecting the Causes of Europe’s Lagging Economic Performance. Finance and Development, v. 41, n. 2, p. 16-19.

COUDOUEL, A.; DANI, A. A.; PATERNOSTRO, S. (2006) Poverty and Social Impact Analyses of Reforms. Leasons and Examples from Implementation. The World Bank, Washington D. C.

COLLIER, P.; DOLLAR D. (1999) Can the world cut poverty in half? How Policy Reform and Effective Aid can meet the DAC Targets. International Monetary Fund Seminar Series, n. 49, p. 1-44, Washington, D.C.

DYE, T. R. (1992) Understanding Public Policy Englewood Cliff, N. J. Prentice-Hall.

EBERLEI, W. (2002) Poverty Reduction Strategies between Global Governance and National Politics1: Institute for Development and Peace Duisburg. THEMEN

EUROPEAN COMMISSION (2013) Entrepreneurship as a main driver for economic growth. Bussels – Memo/13/5-09/01/2013.

FAJONYOMI, B. (2006) Governance Environment and Public Policy Implementation. An Assessment of the National Economic Empowerment and Development Strategy (NEEDs) Policy in Nigeria. Lagos Organization. Review, v. 3, n. 5, p. 64-71.

INTERNATIONAL MONETARY FUND (2007) Republic of Madagascar: Poverty Reduction Strategy Paper. Progress Report. Washington, D.C IMF.

JIMOH, A. M. (2014) Govt needs $5 billion for economic stability: Says Okenjo-Iweala. The Guardian, v. 31, n. 13, p. 3.

KHADKER, S. (1998) Fighting Poverty with Microcredit: Experience in Bangladesh. New York and London. Oxford University Press.

KILJUNEN, K. (2006) Global Governance and Parliamentary Influence. In R, Stapenhurst, N. Johnston, and R Pelizzo (eds) The Role of Parliament in curbing Corruption. World Bank, Washington, D.C, p. 245-250.

KLASEN, S. (2007) Pro-Poor Growth and Gender Inequality. Insights from New Research Poverty in Focus. International Poverty Centre, p. 5-7.

KLUGMAN, J. (2002a) A Sourcebook for Poverty Reduction Strategies, v. 1, Core Techniques and Cross-Cutting Issues. The World Bank, Washington, D. C.

KLUGMAN, J. (2002b) A Sourcebook for Poverty Reduction Strategies, v. 2, Macroeconomic and Sectoral Approaches. The World Bank, Washington, D. C.

MBOHO, K-S.; INYANG, A. I. (2011) Poverty Alleviation Programme in Nigeria: A Study of The United Nations Development Programme (UNDP) Micro-Credit Scheme in Uyo LGA of Akwa-Ibom State. International Journal of Social and Policy Issues, v. 8, n. 1, p. 162-174.

MOMOH, Y. I. (2011) Effects of Government Policies on Small and Medium Enterprises for Wealth Creation in Nigeria. A Study of Idah Town. International Journal of Social and Policy Issues, v. 8, n. 1, p. 247-251.

NIGERIA VISION 20:2020 (2009) Economic Transformation Blueprint, Abuja, National Planning Commission.

NIGERIA (2013) MDGs Report: MDGs Progress, Challenges and Prospects, Abuja. p. 11.

NNA, N. J.; IGWE, P. I.; TAYLOR, T. (2010) Corruption and Poverty. The Experience of Nigeria. The Nigeria Journal of Politics and Public Policy, v. 6, n. 1/2, p. 139-156.

NWAORGU, O. C. (2014) Inactive Squares and The Rumbling State. An Inaugural Lecture Series No. 110, University of Port Harcourt, Nigeria.

OBODOEZE, F. O. (1996) Modern Textbook of Research Methodology Enugu, Academic Publishing Company.

OECD (1999) Implementing the OECD Jobs Strategy: Assessing Performance and Policy Paris.

OKAFOR, F. O. (2014) Economic and Financial Inclusion Strategies for Arresting Systemic Poverty Amidst Robust Economic Growth in Nigeria. Paper Presented at the 4th Accounting and Finance Research Association (AFRA) International Conference at Staff Development Centre, Abakaliki – Nigeria, Thisday, November 04, 2014.

OKOCHA, E. (2015) Okonjo-Iweala was the Prime Minister. Daily Sun, v. 10, n. 3138, p. 1-20.

ORINTUNSIN, J. (2014) Fed Govt needs N5trn to complete 8000 abandoned projects. The Nation, v. 9, n. 3080, p. 57.

RAVALLION, M. (1999) Poverty Lines in Theory and Practice, v. 1. Living Standards Measurement Survey Working Paper, World Bank.

SHENG, A. (2006) The Art of Reform. Finance and Development. v. 43, n. 2, p. 20-23.

SHENI, D. (2014) Nigeria, EU sign MoU on election: The Nation, v. 9, n. 3080, p. 57.

SOLUDO, C. C. (2004) National Economic Empowerment and Development Strategy. Abuja, National Planning Commission.

SOLUDO, C. C. (2015) Ngozi Okonjo – Iweala and the missing trillions. Vanguard, v. 25, n. 62332, p. 56-62.

THE WORLD DEVELOPMENT REPORT (2015) http://www.worldbank.org/en/publication/wdr2015 (part 2: Poverty).

TSOKAR, K. (2015) Military kills 320 terrorists, liberates 11 Communities – B’Haram threatens to disrupt polls. The Guardian, v. 37, n. 13201, p. 1-2.

UGBABE, O. R. (2012) Nigeria’s Pivotal Moment. A Semi-Annual Journal on Business and the Economy, v. 2, n. 1, First Bank, p. 6-20.

UGOANI, J. N. N.; IBEENWO, G. I. (2015) Public Enterprise Restructuring: A Study of Nigeria’s Privatization Programme and Unemployment Rate. International Journal of Economics, Commerce and Management, v. 3, n. 2, p. 1-20.

UNITED NATIONS (2007a) The Millennium Development Goals Report. New York, United Nations.

UNITED NATIONS (2007b) Africa and the Millennium Development Goals Update. New York, United Nations.

WALLANCE, L. (2007) Elusive MDGs – missing by a long shot. Finance and Development, v. 44, n. 2, p. 4.

WORLD BANK (1982) Accelerated Development in Sub-Saharan Africa. Washington, D.C. The World Bank.

WORLD BANK (2000/2001) World Development Report, New York Oxford University Press.




DOI: http://dx.doi.org/10.14807/ijmp.v6i4.348

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM

Refbacks

  • There are currently no refbacks.


Copyright (c)



LIBRARIES BY

Logo Gaudeamus

Logo INDIANA

Logo CHENG KUNG

Logo UTEP

Logo MOBIUS

Logo UNIVEM

Logo Kennedy

Logo Columbia

Logo UCS

Logo MSG/UFF

Logo OPT

Logo Biblioteca Professor Milton Cabral Moreira

Logo UFL

Logo ULRICHSWEB

Logo UNISA