Assessment of selected world bank policies and their implications on the fight against poverty in Nigeria

Abstract

The review x-rayed some World Bank policies and their implications on the fight against poverty in Nigeria. World Bank policies on education, structural adjustment programme, water privatization, deregulation/liberalization and their implications on the fight against poverty in Nigeria were analyzed. In
the review it was found that rather than assist in the reduction of poverty, these policies have brought about increasing inequality, hardship, poor health status, and entrenchment of poverty among the Nigerian populace. Based on the findings the following recommendations were proffered, among others:
the Nigerian government should seek for ways to increase the funding of tertiary education, by creating a ministry for tertiary education; government should increase the funding of social services in Nigeria.