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The National Bureau of Statistics has said that 112.519 million Nigerians live in relative poverty conditions. The absolute measure puts the country's poverty rate at 99.284 million. This paper attributes the poverty facing Nigerians to incompetent leadership and bad governance. Using Michael Lipton's theory of 'urban bias' which posits that there is more poverty in the rural areas because of the existence of parasitical and corrupt urban elites, this paper points out that people in rural areasdoi:10.5901/mjss.2013.v4n6p29 fatcat:xj37zo2lbvg5jlvrnavrneqkxi