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”.
Key words:
Implication, Pricing Pattern, Incidence, Poverty, Nigeria, (1979-2002)