The Statistical Analysis of The Expenditures and Income of Nigerians in Relation to Poverty

The research project the statistical analysis of the expenditures and income of Nigerians in relation to poverty. The importance of this study is mainly to identify major causes of excessive expenditures of Nigerians. Another cardinal significance of this study is to know if there is any statistical significant relationship between expenditures and income in relation to poverty level. Another major significance of this study is to determine if there is a relationship between the economies of Nigeria to how Nigerians spend in relation to their income. From the various studies as well as discussion mentioned earlier, it is apparent that there is enough reason to warrant a study that will examine these factors. So that we can recommend solutions on how the economy can be improved upon, on how Nigerians can save more and finally know the reasons for excessive spending in Nigeria. This is causal study. A casual study involves an investigation of what causes the other among different variables. Causality approach to this study is most preferred because the study will be investigating whether income and expenditure of respondents is connected to poverty. This study adopted both descriptive and explanatory research design. Findings from the study revealed that there is a significant relationship between income and expenditure and that there is a significant relationship between income and expenditure in relation to poverty.