Solving Poverty Problems In Underdeveloped Countries in the World.

A condition affecting Individuals in a Poor Nation. Poverty is the state of a person or community or a nation in lack of financial resources and essentials for a minimum standard of living. Poverty also means income level for employment which is so low that basic human needs can not be met by most people in a country.

lt is also lack of income or unable to meet with some material needs of life such as food, clothing and shelter. These are basics necessities of life.

The inadequate child care, lack of access to health care, unsafe neighborhood and resourced schools which adversely impact our nation’s children are also as a result of poverty. lt is a state of uneven distribution of wealth.As a matter of fact, the rich continue to get richer and the poor continue to get poorer in any state of this abject poverty.

Poverty may include social, political or economic elements.
Absolute or abject poverty is more grievous than ordinary poverty.

According
to World Bank;’…more than 1 billion people still live in deep poverty
all over the world…’According to World Bank; ‘Poverty entails more
than the lack of income and productive resources to ensure sustainable
livelihood.

Absolute Poverty:This is
household poverty which household  unable to meet with basic needs of
life such as food, educational, health care.

Relative Poverty:
This is also household poverty where household income is below median
percentage of disposable income and unable to participate actively in
society activities.

Situational Poverty.-This is a situation
where an individual falls below the poverty line because of a sudden
event caused by crisis or loss, such as divorce, death. lt is quite
temporary.

Generational Poverty: This is poverty of generations at least two. lt could be from father to son and another generation unborn.

Rural Poverty: This is poverty in rural areas where the domain is dominated by the people affected by poverty.
Nigeria
as a nation is developing from time immemorial. lt high time is

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regarded as underdeveloped since it refuses to develop.This is a where
contemporary developing nations have productively developed and some in
all ramifications such as China, India, Malaysia and others. lt is new
normal for Nigeria to stop crawling and get developed through series of
capacity building and human capital development as tools to combat and
completely eradicate poverty in Nigeria meeting international standard
to compete with developed countries in the world.