• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, May 13, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy

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

Osinbajo advocates African plan on energy transition

Buhari’s war against money laundering, financial crimes peaks

Stakeholders seek political will to revive textile sector

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  NIMASA, NiMet sign MoU to improve maritime sector security

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  APC working on plan to curtail poverty

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  Poverty resides in Nigeria, but Buhari moves to banish it

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 emerges Africa biggest energy sector
Economy

Osinbajo advocates African plan on energy transition

May 13, 2022
Nigeria gets petroleum law to edge out 50 years archaic laws
News

Buhari’s war against money laundering, financial crimes peaks

May 13, 2022
25 textile clusters get a boost through SMEDAN
Economy

Stakeholders seek political will to revive textile sector

May 12, 2022
Nigeria floats $4bn Eurobonds
Economy

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
Price of bread to be reviewed upwards again
Economy

Cost of bread beyond reach of many Africans – AfDB

May 12, 2022
Buhari meets with governors of APC
News

Buhari gives resignation deadline to political office holders seeking to contest elections

May 11, 2022
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

Africa-Europe Alliance presents progress report

Filmmaker Adejuiyigbe tasks writers on Africa

November 13, 2019
Firms bid for Ajaokuta steel

Experts against plan to use British firm to revive Ajaokuta steel firm

April 7, 2022
Snail farmers call for increased youth participation

Snail farmers call for increased youth participation

February 20, 2022

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Osinbajo advocates African plan on energy transition
  • Buhari’s war against money laundering, financial crimes peaks
  • Stakeholders seek political will to revive textile sector

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • 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?