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August 17, 2025International Journal of Research and Innovation in Social Science

Open Economy and Poverty Reduction in Nigeria

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Authors

OOOkezie Paschal OkwuENEmeka Nkoro

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Overview

Analysis reveals open economy approaches improved poverty levels in Nigeria, indicating policies favoring trade and external borrowing may be effective.

Key Points

  • Trade openness positively influenced poverty reduction in Nigeria, boosting economic growth and living standards.
  • The model showed a significant long-term relationship, revealing that imports and foreign direct investment contributed to poverty alleviation.
  • Employing the Autoregressive Distributed Lag (ARDL) model, data were analyzed from several reputable sources including the World Bank.
  • Export growth and targeted external borrowing appear crucial for immediate poverty reduction, calling for policy adjustments to maximize these effects.

Cite This Study

Okwu et al. (2025) studied this question.

synapsesocial.com/papers/68c2368eb210217d64774aa4https://doi.org/10.47772/ijriss.2025.903sedu0396
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  1. 1Impact of International Trade on Poverty Reduction in Nigeria: An Approach of Time Series Econometric Model2022
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  5. 5The Effects of Small and Medium Enterprises (SMEs) Performance on Poverty Alleviation in Nigeria2025