• Privacy Policy
  • Terms
  • About us
  • Contact Us
Tuesday, February 7, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria to establish National Council on Poverty Reduction, lifts 100m people out of poverty

The Matters Press by The Matters Press
February 23, 2021
Reading Time: 3 mins read
0
Nigeria on red alert over plan to attack public places, smear campaigns

RELATED POSTS

Agriculture accounts for 23.78% of GDP

3 ships discharge frozen fish at Lagos ports – NPA

NUPRC gazettes 5 oil industry regulations, completes 6 others

Tanko Mohammed

President Muhammadu Buhari has accepted the proposal to set up National Council on Poverty and reported his administration’s ambitious policy of lifting 100 million Nigerians out of poverty.

The policy, he said, did not come by accident or “something we just bumped into”.

He said the policy was a deliberate one that would be pursued with remarkable grit and determination.

He spoke on Tuesday at a meeting with the Presidential Economic Advisory Council (PEAC), which was also attended by Vice President Professor Yemi Osinbajo at the State House in Abuja.

President Buhari agreed with the Council that the country required a poverty reduction strategy that will usher in a “rapid, sustained, sustainable and inclusive economic growth.

In a short speech after the presentation of the report on national poverty reduction strategy, developed by the PEAC, President Buhari requested the PEAC to present the document to the Federal Executive Council (FEC) tomorrow as part of the consultation process.

ALSO READ  Peeping into Okonjp-Iweala’s agenda to drive Africa in WTO

He also agreed with the Council that this ambitious program of lifting 100 million Nigerians out of poverty is a challenging one, but one that can be achieved.

The President wondered what became of the nation in the past, “with all the resources available to it” that no such coordinated, holistic agenda on poverty reduction was ever contemplated.

“I was shocked, hearing from you that, of the vast agricultural land resources available to the nation, only two percent of it is under irrigation. We will make the best use of the land.

“Thank you for shaking us up. We are now awake, we will not doze off again. We didn’t just bump into this, we believe it is something we can deliver on.”

After listening to the PEAC Chairman, Professor Doyin Salami, who led the presentation, President Buhari cleared the way for Ministers to be briefed on the implementation plan at the FEC meeting on Wednesday, 24th February 2021.

ALSO READ  78-year-old Buhari makes 12th medical trip to London

The plan, which Professor Salami said had so far gained an overwhelming approval of stakeholders across the country had earlier been presented to the Vice President; Secretaries to Government of all the 36 States, and the Governors at the National Economic Council; Development Partners, including the World Bank, IMF and AfDB; Civil Society Organisations and the Organised Private Sector actors in the country.

The PEAC Chairman welcomed the country’s exit from recession but cautioned that the strength of the economic growth must be driven in a way that it will overtake population growth.

The poverty reduction strategy, as presented, requires the nation to aim to raise agricultural productivity; to address the wide disparity among States and the regions in the distribution of poverty.

It would ensure macro-economic stability; and to take advantage of the different economic endowments of the country in the promotion of industrialisation.

ALSO READ  Edo Inland Dry Port will boost economy

The strategy benefited from extensive consultations among all stakeholders in both the Public and Private sectors to achieve “ownership and sustainability”.

In defining principles of the new strategy, the PEAC said the approach will be multi-dimensional. “Poverty is not only the lack of cash. It is defined by lack of access to shelter, health, education and jobs which must all be addressed.”

While nothing that there had in the past been varied attempts to eradicate poverty in the country, the Council submitted that this was the first time that “we are consolidating on the achievements of the past and avoiding past mistakes.

“I is the first time that everyone is coming on board – Federal Government, States, the Private Sector, Development Partners and the Civil Society. Poverty reduction must not be left to the Federal Government alone, it is everybody’s responsibility.”

To this effect, the Council suggested the setting up of a “National Council on Poverty Reduction,” made up of all these stakeholders.

Tags: Poverty
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria to rebase CPI, GDP
Economy/Technology

Agriculture accounts for 23.78% of GDP

February 7, 2023
Council seeks incentives to boost indigenous ship operations
Economy/Technology

3 ships discharge frozen fish at Lagos ports – NPA

February 7, 2023
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

NUPRC gazettes 5 oil industry regulations, completes 6 others

February 7, 2023
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers
Economy/Technology

Food traders lament spoilage due to low patronage as banknotes crunch bites harder

February 7, 2023
FIRS deploys tech platform for tax collection
Economy/Technology

LIRS, FIRS sign pact on tax audit

February 7, 2023
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Stock market extends gains by N81bn

February 7, 2023
Next Post
Nigeria to repatriate 200,000 refugees, gives succour to displaced persons

Nigeria to repatriate 200,000 refugees, gives succour to displaced persons

Relief as bandits release abducted 317 Nigerian schoolgirls

Relief as bandits release abducted 317 Nigerian schoolgirls

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Nigeria gets AfDB’s $14m as member of ATI

AfDB inaugurates project to create jobs in 3 African countries

October 21, 2022
Coronavirus hits hard as China records 811 deaths

COVID-19 kills high profile Nigerian

March 23, 2020
Buhari, Osinbajo take oath of office

Court orders Buhari to defend qualification

June 25, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Agriculture accounts for 23.78% of GDP
  • 3 ships discharge frozen fish at Lagos ports – NPA
  • NUPRC gazettes 5 oil industry regulations, completes 6 others

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?