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Thursday, September 29, 2022

FG announces plans to lift 40 million Nigerians out of poverty in 24 months

The Federal Government of Nigeria says it has commenced efforts aimed at lifting 40 million Nigerians out of poverty in the next two years through the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES).

This was disclosed by the national coordinator of the NG-CARES programme, Abdulkarim Obaje, at a workshop in Ibadan.

Nigeria is the poverty capital in Africa and second to India in the world, according to the World Bank Poverty Clock with 77 million of its population living below poverty level.

In 2020, over 6.5 million Nigerians were pushed below the poverty line in which makes it the highest number of people pushed into poverty in a year.

The Federal Government under President Muhammadu Buhari in its effort to tackle the poverty level in the country said that it will lift at least 100 million Nigerians out of poverty by 2030.

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According to the NG-CARES national coordinator, the NG-CARES is an initiative of the federal government, with the support of the World Bank and active participation of the 36 state governors.

It was also gathered that the NG-CARES is part of the government’s sustainable development agenda and not a new programme.

Abdulkarim Obaje stated that rolling out the programme will directly impact nothing less than 10 million Nigerians and indirectly impact 20 to 30 million people.

He also said that he is confident that in two years time, poverty situations in the country will change positively.

His statement reads in parts: “This modest support should have direct impact on about eight to 10 million Nigerians and indirectly impact on 20 to 30 million people.

“We are very confident that this will impact the poverty situation in Nigeria after two years,” he said.

Mr Obaje said that the programme would be implemented along 11 Disbursement Linked Indicators (DLIs), starting from social transfer to the aged, the poor and the vulnerable.

He said that it would also involve labour-intensive work fare to livelihood grants, basic services and food security to micro and small-scale enterprises spread across 11 DLIs.

According to him, the result from the workshop reveals that states are now fully prepared to receive Independent Verification Agents (IVAs).

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