POVERTY REDUCTION AND SUSTAINABLE DEVELOPMENT IN NIGERIA
INTRODUCTION 1.1 Background of the Study Many people when they hear or read about the word poverty will automatically think and look at poverty as being simply a lack of money. This is partly true but for a better understanding of poverty it is necessary to go beyond this simple or common sense, definition of poverty. Poverty is much more than a simple lack of money. For example, if you were stranded on a desert island and you had several thousand dollars or pounds in cash, while those around you had things like food, clothing and shelter would be in poverty? You could not eat your money, nor could. Your fellow inhabitants might not even want your money, particularly if they believe that a rescue is not eminent. In such a situation, lack of money means equal poverty. This is, however, only part of the story
with regard to poverty yet in order to understand poverty and inequality, we must probe beneath surface reality and go beyond the common sense explanation which is simply another for cliché.
Definitions of Poverty There are two different ways in which researchers define poverty; Absolute poverty and relative poverty.
Absolute poverty refers to the situation in which a person lacks those things that help to sustain human life. The lack of basic human needs such as food, shelter and clothing. This form of poverty was once quite common in countries such as Britain and American but has since declined - .
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