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IMPACT OF COMMERCIAL TRICYCLE BUSINESS ON POVERTY ALLEVIATION IN ABUJA MUNICIPAL AREA COUNCIL, NIGERIA

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Abstract

Poverty is an issue of concern in socio-economic and sustainable development in Nigeria. The study sought to investigate the extent to which commercial tricycles business impacted on those who engaged in the business in Abuja Municipal Area Council. A total of 222 responds were randomly selected for the study. The instruments of data collection were questionnaire and interview. Simple percentages, chats, frequency tables, were used in the analysis. The study also used logit models to test the hypotheses. The study found that those who sourced their commercial tricycles from government-sponsored National Poverty Eradication Programme (NAPEP) were better and faster impacted positively than those than those who got their tricycles through hire-purchase and lease. It was also found that financial status of tricycle operators depended on the duration of involvement in commercial tricycles business. Hence, it was concluded that commercial tricycle business (KEKE) is a potent strategy for poverty alleviation. Based on the fact that poverty cuts across gender, it is recommended that the AMAC and NAPEP should extend the distribution of the tricycle to females too if poverty is to be sufficiently reduced.