Examining the asymmetric relationship between the national development plan and poverty reduction in Nigeria: Quantile analysis from 1980-2019

Abstract Employing quantile regression to examine the foreign assistance for development, external debt as in stock and real effective exchange rate means a consumer basket of goods and services average effect on poverty reduction in Nigeria. The result reveals the existence of an average short, medium and long term symmetric relationship. At the same time, foreign debt has a negative and significant average effect on poverty reduction in the short term. Also, shows a positive average but insignificant relationship in the short and long term. It implies the national development plan for poverty reduction is insignificant due to corruption and erratic inflation fluctuations.