Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

Neglected and underutilized species (NUS): A panacea for community focused development to poverty alleviation/poverty reduction in Nigeria

J. A. O. Magbagbeola1*, J. A. Adetoso2 and O. A. Owolabi1
  1Department of Actuarial Science and Insurance, JABU, Ikeji-Arakeji, Osun State, Nigeria. 2Department of Accounting JABU, Ikeji-Arakeji, Osun State, Nigeria.
Email: [email protected]

  •  Accepted: 05 October 2010
  •  Published: 31 October 2010

Abstract

 

The boom in the financial system and economy, and challenges of “leaving no one behind”. Poverty becoming dynastic that is, the “poor cannot sleep because they are hungry, and the rich cannot sleep because the poor are awake” in everybody’s interest to have an INCLUSIVE society. Using the World Bank’s estimates (based on 1993 Purchasing Power Parity) about 2.6 billion or 40% of the world’s population (2005) live in poverty with over 1 billion people in extreme poverty. Sub-Saharan Africa has the highest incidence of extreme poverty. Sub-Saharan Africa is the most likely region to miss the Millennium Development Goals of reducing poverty in half by year 2015. Less than 20% of African households own bank accounts or have access to financial services. Poverty lives with the various communities. Moreso, in this time of global warming which has taking its toll on human activities. It is a problem that must be given adequate attention. There are many questions to be asked and there are even more answers to give in poverty alleviation, reduction and control. The study provide answers that can help in achieving the objective(s) set for it. Hence, such approaches like proper education about Neglected and underutilized species (NUS), skills acquisition, orientation and practical demonstration can be a means to justifying an end as panacea for poverty alleviation/reduction in Nigeria.

 

Key words: Poverty, management, geographical information systems, community development, neglected, underutilized species.