Benue State University, Makurdi

Implication of (Rural) Pricing Pattern on the Incidence of Poverty in Nigeria (1979-2002)

Patricks Ogiji and E.S. Akpan

Abstract

This paper seeks to determine the implication of rural poverty in its entirety. World Bank (1995) and FOS (1993) in their study, highlighted that “poverty was more pronounced in rural areas than urban areas; the southern part of the country had less poverty than either the central or northern parts of the country”. Based on the above statement the paper discovered that the rural southern price index greatly influence the incidence of poverty between 1979 and 2002. The paper also recommends that efforts should be geared by public and private spirited individuals to establish more cottage industries in rural areas to improve income and also allow for the forces of demand and supply to determine price levels within their environment, as Adam Smith had noted “No society can surely be flourishing and happy, of which the greater part of members are poor and miserable”.

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