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An exploratory study of local social innovation initiatives for sustainable poverty reduction in Nigeria

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journal contribution
posted on 2023-08-03, 10:47 authored by Olubunmi IpinnaiyeOlubunmi Ipinnaiye, Femi Olaniyan

The eradication of extreme poverty remains an intractable global challenge. This paper explores social innovation (SI) as a strategy for fostering sustainable poverty reduction in a developing country, Nigeria. Analysis is based on semi-structured interviews with founders of SI initiatives. Findings indicate SI as a sustainable poverty reduction strategy because it addresses: (i) some underlying causes of poverty such as poor nutrition and lack of access to education; (ii) different dimensions of sustainability (i.e., economic, social and environmental). The study also identifies socially innovative cultural practices such as traditional rotational saving/credit and apprenticeship schemes which help eradicate poverty by ensuring improved access to finance and encouraging entrepreneurship. Furthermore, results indicate local SI initiatives in Nigeria are largely private sector-led, while a weak institutional environ?ment hampers expansion. The study highlights the need for policy aimed at identifying, strengthening and scaling up innovative local practices, and creating favourable framework conditions for SI.

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Publication

Sustainable Development, 2023, 31 (4), pp.2222–2239

Publisher

Wiley and Sons Ltd

Other Funding information

Open access funding provided by IReL.

Sustainable development goals

  • (1) No Poverty

Department or School

  • Economics

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