FG Reveals How To Take 50 Million Nigerians Out Of Poverty

The Federal Government has spelt out some of the steps that will be adopted to take 50 million people out of poverty in Nigeria, as directed by President Bola Ahmed Tinubu.

VerseNews reports that the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, spoke on Thursday during the ongoing cabinet retreat at the State House Conference Centre, Abuja.

Edu, while fielding questions from State House reporters, said the ongoing payment of N25,000 to poor households in Nigeria via the conditional cash transfer programme for the next three months, amounting to N75,000, was part of the measures to address poverty.

The minister explained that though the programme was for an immediate cushioning of the economic shock that these households experienced as a result of fuel subsidy removal, it would contribute to lifting 61 million households from poverty.

Edu, who said the process was being carried out rigorously to ensure that the right people get the money, stated that the government was identifying the beneficiaries, verifying their identities through their NINs and BVNs, and ensuring that they were paid.

The minister stressed that the government did not want to rush into paying people and then realise that they didn’t even exist.

Asked about the specifics that would ensure 50 million Nigerians were removed from poverty, she said: “So, we have a couple of things that have been listed out. First and foremost, as you know, there is an ongoing payment of N25,000 to poor households in Nigeria, and this is going to happen for three months, amounting to N75,000.

⁣⁣ “Now, this is an immediate cushioning of the economic shock that these households are experiencing.

However, we’re taking our time going through the rigorous process. And the reason is simple; We want to be sure that the right people get the money, we identify them, they have their NINs, they have their BVNs and they paid. We don’t want to rush into paying people and then you realise that they don’t even exist.⁣

“That’s why we went through the process of verification, and payments have started. Different states across the country can attest to this; individual poor households as well. And this we will make public so it’s not even secret. Public so that Nigerians can hold us accountable. ⁣⁣

“This is 15 million households, which automatically amounts to about 61 million persons. Beyond this, the President is going to be creating jobs for millions of Nigerians through different methods. We’re providing zero-interest loans for markets, petty traders, market women, amongst other people. ⁣

⁣⁣“We’re also supporting poor farmers. We’re bringing on board the End Hunger Project, we’re equally bringing on board the Good Nigeria Project, and several other projects. And each of these projects has the targeted amount of persons who we want to reach through our social safety net projects. ⁣

“We have the people who want to reach and an addition of all of these people together will give us a way over 50 million persons that will be directly reached by the government of President Bola Ahmed Tinubu.⁣⁣”