President Muhammadu Buhari (r), GCFR, in a Virtual Meeting at the Presidential Villa, Abuja Photo: File

Our plans to lift 100m Nigerians from poverty, by Buhari

*Human capital development, efficient resource management, financial inclusion, enhanced agriculture for food security essential for success

Alexander Davis | ConsumerConnect

Against the backdrop of the obvious deprivation afflicting several millions of the citizenry, President Muhammadu Buhari, at the United Nations (UN), has outlined the Federal Government’s plans to liberate 100 million Nigerians from poverty in the next 10 years.

President Buhari stated this in a video message to a high-level meeting of the UN General Assembly on poverty eradication Tuesday, June 30.

The News Agency of Nigeria reports that the virtual meeting as well featured the launch of the Alliance for Poverty Eradication (APE).

APE is designed to serve as a forum to galvanise UN member states, the international community and other stakeholders to support actions geared toward poverty eradication.

The Nigerian President welcomed the launch of the initiative and expressed Nigeria’s endorsement of all multilateral actions aimed at actualising the Sustainable Development Goals (SDGs), according to report.

Buhari said: “Nigeria attaches great importance to poverty eradication. It is for this reason that in May 2019, on my inauguration for a second term in office, our government committed itself to starting a new programme of lifting 100 million Nigerians out of poverty within a 10-year period.

“It is my conviction that devoting our efforts towards human capital development, efficient management of our resources, greater financial inclusion, and transformation of the agricultural sector to ensure food security is crucial to poverty eradication.

“In this regard, Nigeria continues to strengthen its existing social safety net initiative by increasing access to enrollees who fit the various programmes in the scheme.”

He further disclosed that “Nigeria will also continue to provide easier and increased access to financial services for micro and small-scale businesses through the government’s Enterprise and Empowerment Programme.”

Reeling off other measures to enhance the lot of millions of Nigerians, the President expressed his administration’s determination do massive investment in education, especially of the girl-child.

“Nigeria holds the view that education is a critical driver of sustainable development and has immense capacity to eradicate poverty.

“Educating our children, especially the girl child, contributes significantly to the fight against poverty, environmental sustainability and improved health as well as building peace and resilient societies,” he stated.

The Federal Government, Buhari stressed, has also integrated the economic, social and environmental dimensions of the Sustainable Development Goals (SDGs) into its economic plans.

The President, however, decried the hostile economic impacts of the ravaging COVID-19 pandemic, which he acknowledged was threatening to reverse decades of progress made in poverty eradication in the country.

In Nigeria, as was the case in many other countries, he noted, the “domestic supply chains and trading corridors had come under enormous strain.”

The situation is dire for Sub-Saharan countries with large informal economies and a significant number of daily wage earners, he said.

On pressing challenges posed by COVID-19, he said that the government recently developed an economic sustainability plan.

The plan would stimulate the economy and extend protection to the very poor and other vulnerable groups in the country through pro-poor spending, according to Buhari.

While commending the UN member-states for anchoring the Alliance for Poverty Eradication, he said: “In these difficult times, it takes considerable boldness and courage to consider that which is in the interest of the greater good.

“The anchor members have done just that.”

Kindly Share This Story