The Effect of Inflation Rate and Poverty in Nigeria Economic Growth: a Case Study of Oji-river L.G.A Enugu State

Authors: Kenechukwu Christain Ngwu, Simon Chukwudi Okereke and Paschaline Chidiebere Ozoemena

Published: 16 May 2025

DOI: 10.5281/zenodo.15228205
Volume: vol-1 issue-1
Paper ID: ijsr-601772
E-ISSN: 3092-9547
Keywords: Inflation rate, poverty, economic growth, sampling Techniques, percentages, SPSS, judgment sampling, simple random sampling.

Abstract

This study investigates the impact of infection rate and poverty in Nigeria economic growth. The research adopts questionnaire method with a sample of 150 respondents, judgment sampling and simple random sampling Techniques were applied .Using the percentage and Chi-Square analysis, the result shows that inflation affect standard of living very negatively and is the major concern in Nigeria economic growth. It also reveals that inflation rate and poverty have a significant effect on economic growth.