A professor of economic policy at the Blavatnik School of Government, University of Oxford, Stefan Dercon, has revealed that by 2030, extreme poverty would be an African phenomenon,...
A professor of economic policy at the Blavatnik School of Government, University of Oxford, Stefan Dercon, has revealed that by 2030, extreme poverty would be an African phenomenon, as the greatest number of the world’s poor would reside in Nigeria.
Dercon stated this during an in-conversation hosted by the Aig-Imoukhuede Foundation. Dercon, who is the author of “Gambling on Development: Why Some Countries Win and Others Lose,” argued that the answer to a nation’s development lies not in a specific set of policies but in the key ‘development bargain.’
The professor said in some countries, the elites have made successful bargains that have resulted in positive developmental outcomes. He said in Nigeria, no such bargain exists adding that socio-economic outcomes continue to deteriorate. Also speaking, the Chairman of the Aig-Imoukhuede Foundation, Aigboje Aig-Imoukhuede, said one of the strategic objectives of the foundation was to build the capacity of the public sector and persuade Nigerian stakeholders to actively participate in national transformation.
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