Proceedings of 2013 International Conference on Poverty Alleviation Income Redistribution ...

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Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
© SM&BS 2013 International Conference www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
PROCEEDINGS OF THE 2013 INTERNATIONAL CONFERENCE ON POVERTY
ALLEVIATION, INCOME REDISTRIBUTION & RURAL DEVELOPMENT IN
DEVELOPING COUNTRIES
Edited by:
Ogundiran O. B.
Aminu S. A.
Asekun J. W.
Isola B.
Olawore O. P.
Ohwojevwe E. G.
© SM&BS 2013 International Conference ii www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
Second published in Nigeria by
School of Management and Business Studies
Lagos State Polytechnic, Isolo Campus
Lagos, Nigeria.
© SM&BS Seminar and Conference Committee
All right reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in
any form by any means, electronic, photocopying, recording or otherwise without the prior permission of the
copyright owner.
Second published in 2013
ISBN: 978-978-745-6
Rector
Lagos State Polytechnic, Ikorodu
Lagos, Nigeria
Dr Abbulazeez Abioye Lawal
Chief Host & Conference Chairman
Deputy Rector
Lagos State Polytechnic, Ikorodu
Lagos, Nigeria
Barr O. O. Longe
Chief Adviser
Dean, School of Management and Business Studies
Lagos State Polytechnic, Ikorodu (Isolo Campus)
Lagos, Nigeria
Dr A. A. Cole
Host & Vice Chairman
Dr. Biyi Oyetade
Chairman,
SM & BS Training and Conference Committee
and Conference Director
© SM&BS 2013 International Conference iii www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
ACKNOWLEDGEMENT
The SM&BS Seminar and Conference Committee and the editors of this book wish to thank and appreciate
Dr. OlalekanAsikhia (Lead Paper Presenter), all the paper presenters, the academic and non-academic
members of the Polytechnic, the individuals, group and organizations that contributed to the success of the
2013 International Conference of SM&BS.
Special thanks go to the Rector, Dr. Lawal, Abdulazeez Abioye, the Deputy Rector, Barr Longe, Olasunkanmi
and the Dean of SM&BS, Dr. A. A. Cole for their understanding, financial , physical and moral support for
the conference.
We wish to place on record the support and assistance of the School Officers of SM&BS, students and
lecturers from Department of Mass Communication, the students of SM&BS (Isolo Campus) whose
commitment and understanding ensured the success of the conference.
We are equally grateful to the entire students’ body of SM&BS for attending the conference, the Rapporteurs
and the team of discussants for their professional support and assistance during the conference proceedings.
We thank all others who contributed in one way or the other to ensure the success of the Conference and the
production of this Book of Proceedings. To God be the glory, honour and adoration.
iv
© SM&BS 2013 International Conference www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
FOREWORD
The success of 2012 National Conference of the School of Management and Business Studies (SM&BS) led to the
graduating of the conference to 2013 SM&BS International Conference.
The theme of the conference viz, “Poverty alleviation, income redistribution and rural development in developing
countries” was chosen to address the challenges of low standard of living, lopsided income distribution and rural
underdevelopment in industrial sector in developing countries like Nigeria.
The conference attracted a large number of participants presenting papers in these diverse areas. The proceedings
is a compendium of these research papers, providing a scholarly platform for academics and practitioners.
The Editorial Board is committed to quality and the pursuit of excellence, therefore, it invites everyone to see the
proceedings from the conference as a major platform provided by the school of Management and Business Studies
of Lagos State Polytechnic to offer academic interaction, thereby enriching our knowledge as scholars and
practitioners and also create outlet for research findings.
Dr. Biyi Oyetade
Chairman,
SM&BS Training and Conference Committee
© SM&BS 2013 International Conference v www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
TABLE OF CONTENTS
Title Page i
Editors ii
Publisher’s Page iii
Acknowledgement iv
Foreword v
Table of Contents vi-ix
1. Poverty Alleviation, Income Redistribution and Rural Development in Developing Countries:
A Meta Analysis - Dr. Olalekan Asikhia
2. Rising Price of Premium Motor Spirit (PMS) and Widening Poverty Gap in Nigeria
- Aminu, Suraju Abiodun
3. Relationship between Loan Acquisition and Business Growth of Beneficiaries Of Microfinance Poverty
Alleviation Programmes in Ogun State, Nigeria. - Dr. Ilori Adeyinka
4. Multi-Criteria Decision Programming Techniques: The use of the Analytic Hierarchy Process (Ahp) and
the Analytic Network Process (Anp) in Effective Managerial Decision Making
- Awaiko Wilson Jerry
5. Does Economic Growth Reduce Poverty in Nigeria? - Dr. A. S. Bakare
6. Attracting More Foreign Direct Investments (FDIs) to Alleviate Poverty in Nigeria
- AMINU, Suraju Abiodun,
SALAU, Taiwo Jelili, &
PEARSE Olugbenga Ezekiel
7. The Trend of Poverty Alleviation Programmes and the Development of Small and Medium Scale Enterprises
(SMEs) as Pinnacle for Change in Nigeria - Dr. Akeem Olanrewaju Salami
8. Enhancing Local Agricultural Produce in the Rural Area through a Physical Distribution Strategy:
Opportunities & Challenges - Rahman Olanrewaju
9. Socio-Economic Antecedents of Failing Rural Development Policy: An Appraisal of Rural Development
Programmes and Projects in Nigeria - Ajide Folorunsho Monsuru
10. Using Public Procurement Policy to Achieve Socio-Economic Outcomes in Nigeria
- Olawore, Olusegun Paul
11. Cost Management and Rural development in Nigeria - Dr. Oyetade, John Akinbiyi
12. An Appraisal of User Manuals for Electric Appliances - Adeniji, Olayinka Olushola
13. A Study on Youth Career Development, Employment and Poverty Alleviation in Nigeria
- Oluwa Olusegun Abidemi
© SM&BS 2013 International Conference vi www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
14. An Assessment of the Influence of Cooperative Marketing Associations on Poverty Alleviation in Nigeria
- Alasiri W. Abiodun
15. Poverty, Literature and Human Existence in Nigeria - Ohwojevwe Ese Ganiyu
16. Social Capital and Welfare among Arable Crop Farming Households: Evidence from Osun State, Nigeria
- Mustapha A. Okunnu
and AdebamiAkinjole
17. Assessing the Effects of Taxation System on Nigerian Economic Growth
- Apanisile Adeyemi
18. Poverty Alleviation and Rural Development: The Role of Statistics and Statistical Tools
- Nurudeen Tajudeen Sonayon
19. The Role of Micro-finance Banks in Poverty Alleviation in Nigeria
- Ashogbon, M.B.A & Orefuwa, F.I.
20. Interest Rates, Financial Markets and the Impact on Economic Growth in Nigeria
- Wakilat O. Balogun
21. Newspaper Coverage of Poverty Alleviation Programme of Nigerian Government (2005 – 2010)
- Ifedayo Daramola, PhD
22. Determinants of Enterpreneurship in an Emerging Economy: Evidence from Lagos
- Fasheyiku, 0.I & Asekun, W.A
23. Poverty Alleviation, Income Redistribution and Rural Development in Nigeria
- Dr. Kadri Bayo
24. Microfinance Banks and Rural Development in Nigeria - Dr. Oyetade, John Akinbiyi
25. Privatization and Poverty Alleviation in Nigeria - Salau, Taiwo Jelili
26. Mergers and Acquisition: A Strategy for Corporate Growth in a Developing Economy
- Anisere-Hameed, Raimi Adekunle
27. The Effect of Entrepreneurship on the Socio-economic Development of Rural Areas in Nigeria
- Dr. Oyetade, John Akinbiyi
28. National Development: The Relationship between Education and Poverty Alleviation
- Akindipe, Olutola Opeyemi
29. Effect of Stock Market Failures on Real Sector Performance of the Nigerian Economy
- Lawal Sakiru Abiola
30. Entrepreneurship and Rural Development in Nigeria - Adeyeye Victor A.
© SM&BS 2013 International Conference vii www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
31. Information and Communication Technology and Poverty Reduction:
Implications for National Development - Akinkugbe, Abiola Idowu
32. The Effect of Economic Globalization on Income Inequality in Nigeria (1986 – 2010)
- Jenrola,Oladapo .A.
Daisi, Olusegun Richard &
Ogunyomi, Oluwatosin .O.
33. Subjecting Corrupt Public Officers to various Anti-corruption Laws: A Panacea to Poverty Reduction
- Ayodele, John Alade
34. Youth Violence, Poverty and Democracy in Nigeria: Issues and Challenges
- Alake A. Adebayo
Arogundade A. Martins
35. Language and the Sustainability of Democracy in a Multilingual Society
- Akinkugbe, Abiola Idowu o
l
36. Effective Reward System and Workers’Productivity under Dynamic Socio-Cultural and Legal Environment in the
Selected Nigerian Insurance Industry - Ogunyomi, Oluwatosin .O.
Akindipe, Olutola .O.
Adeosun, Olayiwola
37. The Impact of Taxes and Social Spending on Inequality and Poverty in Nigeria
- Aroh, Nkechi N. Mrs. (MBA)
38. The Use of Language in Print and Electronic Advertisements in Nigeria
- Abiodun Akintayo
39. Improving Students’ Academic Performance through Exposure to the Web-
Enhanced Classroom Instruction System in the Higher Institutions of Learning in
Lagos State Nigeria - Akanbi Ademola Daniel
40. Wealth Redistribution and Access to SME Finance in Nigeria
- Anisere-Hameed, R. A.* and
Ajide, F.M**.
41. ICT and Poverty Alleviation: Challenges, Values and Opportunities
for Nigerian Graduates - Isola, Biliamin Olanrewaju
Abraham-Ibe, Ifeoma Gina
42. A Stylistic Analysis of Selected Text Messages in English - Abiodun Akintayo
43. The Need to Price Tourist Products Right for Sustainable Tourism
Development in Nigeria - Frank Ogundana
44. The Significance of National Archives of Nigeria in National Development
- Yusuf, K. F
© SM&BS 2013 International Conference viii www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
43. Remittance: a Tool for Poverty Reduction and IncomeiRedistribution
in Developing Countries - Faseyiku, Isaac Oluwadare
44. Authorization and Approval of Capital Expenditure:
Steps Involved and who’s Responsibility? - Adefolurin Festus Adesegun
45. Profit Function Analysis of Arable Crops Production under
Different Production Technologies - Salako, A. A.*, Olubanjo, O. O.*,
and Okeowo, T. A**
46. Rewards, Incentives and Job Performance in Selected Nigerian SMEs
- Bello, Moshood Adeniji
47. The Impact of Conflict Management on Poverty Alleviation
- Olorunseun Anuoluwapo E.
48. National Sovereign Wealth Fund, a Legal Regime for Wealth Generation and
Income Redistribution, Prospects for Poverty Alleviation and Pitfalls
- Okunowo Oladele
49. Portraits of Poverty in New Nigerian Writing
- Olagbegi Mary Toyin
Aluko Janet Omowunmi
50. Socio-Economic Policy Measures And Their Impacts In Rural Development Planning
- The Need for Rural Development in Developing Countries.
- Fashoro, Samson Ibukun
© SM&BS 2013 International Conference ix www.ijmsh.com
Proceedings of 2013 International Conference on Poverty Alleviation
Income Redistribution & Rural Development in Developing Countries
Published by SM&BS, Lagos State Polytechnic, Ikorodu
Poverty Alleviation, Income Redistribution and Rural Development in
Developing Countries: a Meta Analysis.
By
Dr. OlalekanAsikhia
Associate Professor of Strategic Management & Marketing,
Babcock Business School,
Babcock University, Ilishan Remo, Ogun State, Nigeria.
Abstract
The paper surveyed the theoretical and empirical works on the relationships between poverty alleviation, income redistribution
and rural development. Theoretically, a direct relationship exists between poverty alleviation, income redistribution and
rural development. When poverty is alleviated, individuals develop capacity to create wealth which redistributes income and
facilitates development. However, mixed results exist between these variables in various studies from different nations, most
nations where it has been shown that poverty has been alleviated by various government machineries; there has been concomitant
redistribution of income and rural development to some varying degrees. Various intervening variables have been found to
moderate these relationships and they determine to what extent these relationships are visible. A conceptual model and policy
implications were also discussed.
Keywords: Poverty alleviation, income redistribution, rural development, developing countries, meta analysis
1. Introduction
A developing country is also called less-developed country (LDC). It is a nation with a low living standard,
underdeveloped industrial base and low human development index relative to other countries; what categorizes
them as developing is also the nation’s gross domestic product (GDP) compared to other nations. The United
Nations also notes that the low income countries had GNI per capital of US$1,026 or less while the high income
countries had GNI above US$12,476. The developing countries generally have not achieved a significant degree
of industrialization relative to their population.
The developing countries have benefitted to a great extent from being backward and thus enshrined with
degree of poverty and a high degree of income inequality amongst the top 20 percent of the population and
bottom 40 percent of the population, a situation where a little percentage of the population are rich and comfortable
and the remaining percentage are languishing in poverty (Naya, 2007). Growing literature points to the relatively
isolated and sparsely populated areas of most developing countries as the areas where these bottom 40% of the
population often live (Devereux, 2001; Fosu, 2010; Naude et al., 2010; Naya, 2007; Santos-Paulino, 2012). It is
the concerted efforts made towards improving the quality of life and economic wellbeing of these people that is
generally referred to as rural development.
Devereux (2001), in addressing the effectiveness of rural development, suggested that rural development
must be able to reduce poverty for it to be seen as being effective, then a different approach to rural development
may be needed in the light of the chronic conflict that exists between a rural development that places emphasis in
the provision of roads, water, hospital, town halls and so on but still maintains high level of poverty, a situation
where provision of these infrastructure are basically political without any link with economic activities of the
people and concomitant reflection in the income generation of the people and distribution of income. This puts
a question on the relationship that actually exists between poverty alleviation, income distribution and rural
development.
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