Tuesday, 22 June 2021 19:11

Buhari inaugurates committee to lift 100 million Nigerians from poverty

President Muhammadu Buhari, on Tuesday, inaugurated the National Steering Committee of the National Poverty Reduction with Growth Strategy chaired by Vice President Yemi Osinbajo.

This, he said, re-echoes his commitment to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for implementation and funding.

Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a statement on Tuesday titled, ‘President Buhari inaugurates steering committee on poverty reduction, establishes private equity fund.’

Speaking at the ceremony, the President disclosed that the NPRGS had already proposed the establishment of a private equity fund, the Nigeria Investment and Growth Fund, to lead resource mobilisation drive and also manage the resources in a sustainable manner.

The President was quoted as saying, “This journey began in January 2021 when I directed the Chairman of the Presidential Economic Advisory Council and Secretary to the Government of the Federation to collaboratively work together to articulate what will lift 100 million Nigerians out of poverty in 10 years.

“I am happy to note that the process of designing this inclusive poverty reduction strategy recognised and addressed past mistakes as well as laying the foundation for a sustainable poverty reduction through the wide range consultations held at all levels of government, development partners, the private sector as well as the civil society.’’

Buhari added that the NPRGS would address the underlying causes of poverty on the basis of which it developed programmes that would deal with the multi-dimensional nature of poverty within the practical context of comparative advantage of human and natural resources in the various geo-political zones.

“The major challenge before this National Steering Committee is to translate our good intention into positive impact of the average Nigerian so that we create an appreciative impact on the poverty situation in our country.

“If India can lift 271 million people out of poverty between 2006 and 2016, Nigeria can surely lift 100 million out of poverty in 10 years. Fortunately, we have already started but we need to unlock the challenges of slow implementation, inappropriate targeting and absence of adequate resources.’’

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