Nigerian President, Muhammadu Buhari has said that if India can lift 271 million of her citizens out of poverty clutches in 10 years, nothing stops Nigeria from doing same with 100 million of her people within the same period.
President Buhari made the declaration in Abuja on Tuesday while inaugurating the Vice President Yemi Osinbajo-led steering committee of the National Poverty Reduction with Growth Strategy, NPRGS.
According to the president, government is already demonstrating its readiness to fullfil its poverty reduction obligations with the establishment of a private equity fund, the Nigeria Investment and Growth Fund, NIG-Fund, saddled with the responsibility of leading government’s resource mobilisation drive and sustainable management of same. The committee, the president explained, has enormous responsibilities over which he is confident that it will overcome to lay the required foundation and demonstrate, within the next two years, the practicality of accomplishing the job.
“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 that 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 has 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.’’
President Buhari added that in the main, the NPRGS committee will address the underlying poverty causes following which it will evolve programmes required to deal with the multi-faceted nature of poverty prevalent in the country. He is confident that the committee will capitalize on the comparative advantage of human and natural resources spread across 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 100million 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.”
Vice President Osinbajo, who spoke on behalf of other members of the committee, assured the president that his committee will build on other efforts of government, including N-Power,
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