Exploring the Potentials of Social Enterprises for Poverty Alleviation in Nigeria and Cameroon in the 21st Century

Abstract

The paper examines a perplexing contrast between Africa’s immense wealth statistics and high poverty rate for majority of population. It notes that the persistence of poverty in Africa demonstrate that the traditional government and international organizations development’s initiatives to alleviate poverty have failed and the consequence of this scenario on the economy of Africa , most especially in Nigeria and Cameroon is very grievous. The paper therefore recommends the exploration of the new emerging Social Entrepreneurship Organizations (SEOs) as an effective alternative and complementary measure to curb poverty in the region in the 21st Century.

Keywords: Public enterprise, Social enterprise, Poverty alleviation