CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
The people of Edo State, Nigeria, consist of a group of historically related people who trace their origins or ancestry to the Benin Kingdom. The inhabitants of the kingdom of Benin were also known as Edo people. The names Edo and Benin can be used interchangeably. Edo is better used in vernacular speech, while Benin is used in English. Both names thus represent the land and people of Benin. The people of Edo State can be divided into five (5) main ethnic groups distinct from each other in certain linguistics, social and some cultural features. These are Benin or the Edo proper, Esan, Etsako, Owan and Akoko Edo (Justice and Home, 2010).
Edo State has a lot of economical potential. Unfortunately, most of the youth are no longer interested in farming activities. They prefer wage employment. Since its creation, Edo State has been experiencing economic hardship as a result of implementation of macroeconomic policies adopted by the Federal Government since 1982. Economic stabilization policies adopted since 1982 and especially the Structural Adjustment Programme adopted in 1986 have had depressing effects on employment, incomes, and the standard of living. The Structural Adjustment Programme with its restrictive financial policies, retrenchment of public sector workers and a freeze on wage increases, have had very harsh impacts on the State. Successive waves of retrenchment in the State public service, failure to pay retirement benefits, and irregular payment of salaries, have all raised the incidence of poverty in the State. The high incidence of poverty and absence of jobs have contributed to the large number of Edo State citizens, male and female, leaving the State for foreign countries in search of better economic prospects.
Edo State has a lot of economical potential. Unfortunately, most of the youth are no longer interested in farming activities. They prefer wage employment. Since its creation, Edo State has been experiencing economic hardship as a result of implementation of macroeconomic policies adopted by the Federal Government since 1982. Economic stabilization policies adopted since 1982 and especially the Structural Adjustment Programme adopted in 1986 have had depressing effects on employment, incomes, and the standard of living. The Structural Adjustment Programme with its restrictive financial policies, retrenchment of public sector workers and a freeze on wage increases, have had very harsh impacts on the State. Successive waves of retrenchment in the State public service, failure to pay retirement benefits, and irregular payment of salaries, have all raised the incidence of poverty in the State. The high incidence of poverty and absence of jobs have contributed to the large number of Edo State citizens, male and female, leaving the State for foreign countries in search of better economic prospects.