POVERTY ALLEVIATION || @daprado1999 [club5050]

The teaming world populace is virtually increasing on a daily basis, skyrocketing massively and if not controlled could lead to an overcrowded planet so to say.

On the other end the poverty stricken countries are in a sudden uproar. Economic activities are rising on a daily basis and so is the hunger spike increasing successively. The poverty rate in most 3rd world countries and Africa is on the rise following major economic issue such as inflation too.

Poverty is an economic issue in countries and could be tackled using various approaches to end the raging economic crisis. I would love to share some of these approaches to eradicating poverty.

FACTORS TO CONSIDER IN POVERTY ALLEVIATION CAMPAIGN

To contain the raging poverty crisis in the world today thee factors should be considered and implemented.

• Job Creation:

Before now, a whole lot of young people and average citizens are faced with no job opportunities which invariably means no source of income. The first step to the poverty alleviation campaign is the provision of job opportunities for the teaming populace. This effort would go a long way in ensuring that the poverty streak is reduced to it's barest minimum.

scenario:

^{The UN provides relief materials to the growing poor population, however the birth rate is increasing, the population rising, therefore the solution is job creation because with time these food palliative would no longer be enough for these growing race.}
source

• Small and Medium Enterprise:

To tackle poverty the question o what to produce comes to play. You cannot be a country rich in resources and you cannot produce products for means of survival. There should be production of more technological inventions to foster poverty alleviation and grow the economy

scenario:

^{The demand for say; footwear's cannot be overemphasized therefore these federations that encounter poverty can produce these footwear's to match the demand of the world. This poverty strick perhaps could be deteriorated}
source

• Agro-based Farming:

The mechanised ways of farming should be improved. The process of using major mechanised implements should be provided to these farmers by the government to enable a faster production of these crops. The production of these crops into finished goods too should be put in place to enable the poverty rate to be reduced too.

scenario;

^{The cocoa farming is invested in by the government providing adequate technology to refine and rebrand the production and packaging of cocoa in high quality products reducing international standards for the export of these finished products. It could also add value to the demand on cocoa and subsequently provide income to the countries involved.}
source

• Financial Institution Incentives:

The financial institutions could also provide loans and incentives to various sectors of 5yese economies which could boost industrialization and production of vast resources which could empower the sovereign states and alleviate poverty in these nations respectively.

scenario;

^{A bank gives out loan to a an agro-based company. They produce three times their normal products for export this thus increase the national income and GDP of the nation thus alleviating poverty}

• Skill Acquisition:

The greater populace of these federations need to be empowered to be able to fend for themselves and gain freedom from poverty. These skill acquisition could be in form of tutorials, fashion designing, textile industry, automobile repairs and a host of others.

scenario;

^{The leather is gotten from cattle therefore these cattles should be taken to industries where their hides and skin could be processed in other to generate income for nations. These cattle also provide cotton too, they could be processed and thus alleviate poverty too. These are avenues to alleviate poverty in nations}