<div align=justify>

## Introduction

Some Government policy makers and community are working so hard to improve overall economic health condition and financial condition of the country and there are so many ways to achieve this goal and reduce poverty among different groups and society in the country because this avenue helps to promote high standard of living in the society.

### Several mechanisms economic development uses to reduce poverty.

#### Creating job opportunities.
Lack of employment is one major problem facing my country and that is why it has been difficult for people to achieve financial freedom, people keep on migrating to other countries where there are job opportunities so I have to find greener pasture.

If a country or government creates job opportunities for citizens that will definitely reduce poverty in the country because the individual would generate income from the work and improve his standard of living without relying on the social welfare program in the society and job opportunities motivates citizens to learn more skill that will help empower the community and reduce poverty as well as crime.

When an individual has a job such person entertains a sense of stability and security and such person will no more be vulnerable in the eyes of family members and when there is crisis there will be financial solutions there will be financial solutions so creating job opportunities do not only reduce poverty but also enhances peace in the family.

Most individual gain experience and learn skills from the job they do which helps them to become an entrepreneur which is one way to contribute to economic growth of a country.
Job opportunities also improves education and health sectors because parents who work will have resources and money to sponsor their children's education nearby breaking the transmission of poverty to feature generation.

#### Infrastructural development.
When a project is going on workers are needed and that is a form of creating job opportunities that provides income for the local community, when there are good infrastructure like good roads public transport health facilities as well as schools in such area will be accessible by different people there by improving the economic system of those community.

This is the problem Nigeria is facing today so many places do not have good infrastructure and this makes it very difficult for people from a distance to access those areas and poverty continues from generation to generation.

Updated technology is the form of infrastructure that can boost the productivity of industries and agriculture and this will increase income for both the business and individuals.

Good infrastructure includes clean water and salivation so public health a will improve and reduce medical course for resident also when there are good educational structures that are affordable parents will train their children reducing poverty in the future.

Good infrastructure increases market connectivity and this helps both large and small business to connect each other enhancing the economic prospect, good infrastructure also attracts investors who will contribute in creating job opportunities and investing more in the society which will positively impact the economy of the society.

![](https://images.ecency.com/DQmQckxJNvdnKRZdf5bxtapsm7Uh1zUbaKxUxSe5hva18L2/1710372963746.jpg)


#### Access to finance can reduce poverty 
Most people are well skilled entrepreneur but lack of finance has destabilized them so if an entrepreneur has access to finance he will start doing well generating sustainable income that will enhance financial stability also access to finance enables people to invest in different projects and this will reduce relying on one stream income method.

Financial support for agriculture will increase farm produce because farmers will improve their farming techniques get more equipment and mitigate risk and become more productive.

Business that has access to loans does better and families that has access to money live in a good house that will improve both health and overall well-being.


#### inclusive policies reduces poverty.
Inclusive policy make sure that revenues are used as planned, inclusive policies always targets the vulnerable ones providing financial assistance to such ones providing healthcare assistance and educational support to such ones.

Providing educational support to such ones helps the vulnerable to reduce the rate of uneducated people in the society given them the opportunity to escape poverty. 

Providing medical assistant prevent individual from medical cost also inclusive policies for land and property helps to protect the financial feature of the vulnerable such policies applies to the bank giving everyone the opportunity to save invest and have access to [loans](https://leofinance.io/@leoglossary/leoglossary-loan-to-value-ratio-ltv)
Inclusive policies create opportunities addressing system barrier that benefits the vulnerable.

![](https://images.ecency.com/DQmUN96JjPMPxtrpGUWWCzRtw6F7GiiyrxQTdPLebZSTw6i/1710372899545.jpg)


#### social safety net.
Social safety net has to do with programs policies that are organized by government to provide support for individuals and families that are facing economy crisis.
Social safety net strengthening social cohesion it also encourages investment by making provisions for individuals to start up [business](https://leofinance.io/@leoglossary/leoglossary-business)  and pursue higher educations without the fear of falling into destitution.


The vulnerable also benefit from social safety net provisions for children the elderly and disabled ones, social safety net also provide income support for those unemployed all this form of assistance from social safety net health to reduce poverty.

### Conclusion.
The [government](https://leofinance.io/@leoglossary/leoglossary-government) or country that applies all this mechanisms will surely reduce poverty, unfortunately most countries and government are not ready to use all this mechanisms just to reduce poverty in their country.

But when there is jobs opportunity when there is good infrastructural development, updated technology, good road access to finance, and inclusive policies there will be reduced poverty rate.


[Reference](https://plancanada.ca/stories/5-ways-to-end-poverty)
[Reference](https://borgenproject.org/10-ways-to-reduce-poverty-in-the-world/)


Posted Using [InLeo Alpha](https://inleo.io/@beauty197/how-economic-development-reduces-poverty-)