COMPARATIVE STUDY OF POVERTY REDUCTION STRATEGIES BETWEEN THAILAND AND NIGERIA

Abstract

Poverty remains a significant challenge around the world. In 1990, it was estimated that 1.9 billion people were living in extreme poverty 36% of the world population. In 2015, global poverty estimated that 735 million people were living in extreme poverty 10% of the world population. Thailand has implemented a poverty alleviation strategy and has achieved. In contrast Nigeria has failed in implementing poverty reduction strategies. Therefore, the objectives of this study are to 1) examine the poverty and factors that cause high poverty rate in Nigeria from 1990 to 2022. 2) To analyze the strategies that Thailand implemented on poverty reduction from 1990 to 2022. And 3) to propose the recommend that Nigeria should adapt from Thailand. The data collections of this study used semi structure interviews by interviewing 12 participants who have relevant experience in the area of poverty reduction. The results of the interviews illustrated the factors that are causing the poverty rate in Nigeria such as Corruption, conflict and insecurity, political democracy, Nigerian Policy implementation, inadequate infrastructure. The results also indicated the mechanism that Thailand implemented on poverty reduction such as: comprehensive sustainable development, social protection, human capital, sufficiency economy, and food security. From the conducted interviews the discussion identifies the three main factors providing high poverty rate in Nigeria which are: Corruption, conflict and insecurity, inadequate access to employment opportunities Also, the five main strategies that Thailand implemented on poverty reduction are: comprehensive sustainability, human capital, social welfare and protection net.