FG Promises To Take 100m Nigerians Out Of Poverty By 2029

File Photo: Yemi Osinbajo


The Federal Government has reiterated its promise to lift 100 million Nigerians out of poverty in the next 10 years.

Vice President Professor Yemi Osinbajo, gave the assurance on Thursday when he paid a visit to the emir of Gwandu in Kebbi State.

According to a statement from the office of the VP, some of the schemes put in place towards the objective, include empowerment programmes such as the tradermoni and marketmoni schemes.

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“The president’s desire for this programme is that every hardworking citizen should be able to have some support from the government, no matter how little their inventory,” Osinbajo said.

He also expressed confidence that the objective will be achieved.

He, however, noted that it can only be done with the support of the state governments.

Investing In Empowerment Programmes Will Reduce Poverty Rate In Nigeria – Ooni


The Ooni of Ile Ife, Oba Adeyeye Enitan Ogunwusi, has called for change in approach to tackling financial crises facing the country, suggesting a well-planned empowerment programme for only women to reduce the poverty rate.

According to him, engaging women in productive ventures, will aid wealth creation and eventually reduce the rate of poverty in the country.

The monarch who spoke during the 2018 edition of the Ooni Women Empowerment Forum which took place at Okunade Sijuade Hall, in Ile Ife, Osun state, urged Nigerians to ask questions that can check excesses of people in positions of authorities.

Decrying the increasing population in the country without plans to productively engage them, the monarch advised women trained under the programme to make maximum use of the skills acquired to improve their earnings and be financially independent.

He said over 500 women drawn across the country benefitted from the programme and therefore, called on people in leadership positions to assist local product makers in growing their businesses by buying from them.

In his remarks, the Director General of National Directorate of Employment (NDE), Dr Nasir Mohammed, commended the monarch for lending a helping hands to the beneficiaries, urging privileged Nigerians to assist the less privileged acquire skills that can make them productive and earn decent living.

He assured the beneficiaries that the NDE will assist them to market their products, starting with those in Internally Displaced People camps.
Mohammed also said the directorate will later assist them to package and sell the products to some West African countries.

“Privileged Nigerians should help the downtrodden. They all need to learn from Ooni. He is passionate about helping his people. We will assist to market these products the beneficiaries of the empowerment programmes have produced.

“We will try to liase with the relevant government agencies and sell the products to the IDP camps. After we have helped them package the products, we will then sell to other West African countries”.

The NDE boss also noted that women have proven to be better in loan repayment, saying that on that basis, the organisation plans to go to rural areas and organise women into cooperative societies, through which they can assess loans to finance their businesses.

New Development Approach Will Eradicate Poverty – Tony Elumele

Economist and entrepreneur, Tony Elumelu says the time has come to implement a new development model that would help eradicate poverty in Africa.

He also noted that it is fundamental to help the youth see themselves as the change Africa is looking for and encourage them to lead the campaign against poverty in the continent.

This and other issues of development formed the crux of the two-day forum organised by the Tony Elumelu Foundation in Lagos south-west Nigeria.

“Our youths need jobs, plenty jobs, economic hope. There is so much uncertainty about the future.

“In Africa, we have tried different models to deal with these issues of poverty eradication, job creation and creating economic hope for our people – in fact, we know that we have not made much progress and in some areas we can even say that we have regressed,” Mr Elumelu stressed.

Also according to him, aid inflow into Africa in the past 10 years is a whopping half a trillion dollars, yet the basic human development index has not significantly changed.

He, therefore, stated that the new development model which he referred to as ‘Africapitalism’ is of utmost necessity.

“A development model that embraces shared prosperity and local value addition, long-term investment and also private sector development and ultimately entrepreneurship, is needed.

“Africapitalism is a development model that prioritizes our youth and creates hope for them. It is a bottom-up approach to development; an all-inclusive approach that brings development to everyone; one that creates economic empowerment and one that creates hope for the future.”

Also Speaking at the event, was Nigeria’s Vice President, Professor Osinbajo who help similar views.

According to him, the present generation of young Africans represents hope for the continent.

“I’ve always known that this group of individuals, this generation of young people will do the exceptional. Earlier this month I spoke at the Financial Times Africa Summit on the theme what makes Africa work – here in this room are seated the answer to that question.

“Across Agriculture, ICT, hospitality, fashion, energy, manufacturing and many other fields, the breadth and depth of talent and innovation on display in the current and previous Tony Elumelu entrepreneurship cohorts have shown that there is indeed hope,” the Vice President said.

Fayose Distributes 6,000 Medicated Eyeglasses To Citizens

Fayose Distributes 6,000 Medicated Eyeglasses To CitizensThe Ekiti state government on Tuesday, commenced the distribution of 6,000 free eye glasses to residents, as part of efforts aimed at reducing the prevalence of eye problems among citizens of the state.

Governor Ayodele Fayose, while flagging off the distribution of the medicated glasses in Ado-Ekiti, the state capital said:

”My administration remains committed to providing qualitative healthcare delivery and alleviating the suffering of the people in the state irrespective of the economic challenges in the country”.

The initiative, tagged ‘Oju Ayo’, according to the state government is a form of poverty alleviation program directed at the poor across communities in the state who, out of poor vision and near blindness, have lost all means of survival resulting into poverty.

Some beneficiaries on the other hand, expressed appreciation to the state government, saying: ”We thank the state government for the gesture, particularly those of us who cannot afford the medical bills”.

Good Governance Identified As Panacea To Poverty Reduction

Good Governance, Poverty ReductionA committed world of good governance at the federal, state and local government levels, have been identified as a panacea towards poverty reduction in Nigeria.

This is the submission of the Director- General, West African Institute of Financial and Economic Management, Professor Akpan Ekpo, at the distinguished annual lecture for participants at the National Institute for Policy and Strategic Studies, Kuru.

He noted that the absence of committed leadership in the country is a great concern, while political will is both a necessary and sufficient condition for institutional mechanisms for poverty reduction.

The renowned economist stated that, “a committed world of good governance can reduce global poverty to the barest minimum.

“The solution does not lie within the frameworks but within concrete action that portrays the exercise of good governance at the federal state and local government levels.

“In the absence of good governance, no nation can effectively design and implement sustainable poverty reduction programmes.”

He however suggested that the way forward is for government to formulate and implement an economic blue-print that stresses sustained growth and inclusive development with specific strategies and programmes targeted at the poor.

“This must be accompanied with a robust monitoring and evaluation framework,” he said.

Reflecting on the complexity of the issue of poverty and its alleviation, Professor Ekpo posited that all hands must be on deck with non-governmental organisations, complementing government efforts.

“Globalization of society is not helping matters in this regard. It is also necessary for civil society and the private business communities to join efforts with those of government, more than ever before, to contribute to poverty alleviation in ways that reflect their interests and capabilities because utilizing non-governmental channels would help broaden the scope of government contributions to poverty reduction.

“In this regard, the non-governmental organizations (NGOs) should focus not only on individual projects, but also engage in more general analysis and proposals to government for promoting workable approaches to poverty reduction,” Ekpo added.

Akwa Ibom Governor Reiterates Commitment To Sustaining Agenda

children's day, Gov. Udom, child abuseThe Governor of Akwa Ibom State, Udom Emmanuel, has restated his commitment to his administration’s five point agenda of wealth creation, economic and social inclusion, poverty alleviation, infrastructural consolidation and expansion and job creation.

The Governor gave the assurance in a state wide broadcast on Sunday to mark the 2016 Democracy Day and his one year in office.

Reviewing his administration’s performance in the last one year, Governor Emmanuel said the major focus in the period was to provide motivation, direction and inspiration for a new Akwa Ibom packaged as an oasis of industrialisation and good governance.

He noted that in spite of lean resources resulting from the global economic downturn, his administration had recorded positive achievements.

The Governor used the occasion to re-echo his call on all Akwa Ibom people irrespective of political bias to join hands with him to build the state.

Later in the day, a thanksgiving service was also organised to mark the day.

High point of the day was the commissioning of a hatchery by the Governor to boost poultry production in the state in line with his promise to develop agriculture.

At the commissioning of the project were the Commissioner for Agriculture, Dr Mathew Ekaete, the Chief Executive Officer of Akwa Prime Poultry, a core investors in the project, Marcus Biten and the Project Consultant, Francis Ekeng.

Governor Emmanuel said apart from creating employment, the hatchery would also ensure appropriate pricing of products through its value chain.

The hatchery was an initiative of the immediate past administration in the state.

Kwara To Inject Two Billion Naira To Fight Poverty

Kwara-PovertyKwara State government is to inject about two billion Naira into its micro credit scheme in the next three years with a view to alleviating poverty in the state.

The State Governor, Abdulfatah Ahmed, disclosed this on Thursday when the participants of the ‘Senior Executive Course 38’ of the National Institute for Policy and Strategic Studies, Kuru in Jos, paid him a courtesy visit.

Maintaining that youths and women would be prioritised in the scheme, the governor also revealed his intention to generate 20,000 agro-related jobs annually, in order to create a successor-generation of commercial farmers.

Describing poverty as a universal issue resulting from a state of short or long term deprivation and insecurity in basic human needs, he restated that poverty reduction was top on the priority list of his government.

According to Governor Ahmed, “Today, many countries are faced with the challenge of poverty. Nigeria is not an exception.

“According to the 2015 Human Development Index, Nigeria ranks 152 out of 188 countries in 2014. Thus, it has become imperative we find ways of ameliorating this scourge.

“Consequently, one of the cardinal objectives of this administration is to improve the lives of our people in tangible ways.

“In our mission towards the reduction of poverty in the state, we have identified agriculture as one of the keys to economic prosperity”, he said.

In an earlier remark, the team leader of the participants, Professor Celestine Bassey, who was represented by Brigadier General Daniel Chinoko, said that they were mandated by President Muhammadu Buhari to carry out a study on a theme: “Strengthening Institutional Mechanism for Poverty Reduction and Inclusiveness Development”.

Osinbajo Woos Voters For Sylva In Bayelsa

OsinbajoNigeria’s Vice President, Yemi Osinbajo, has urged the people of Bayelsa State to vote for the All Progressives Congress (APC) in Saturday’s governorship election.

Addressing a rally in Yenagoa, the Vice President said that a vote for the APC was an assurance for more jobs, poverty alleviation and an end to unproductive government.

Professor Osinbajo and other leaders of the APC also appealed to supporters of the party to shun any form of violence during the polls.

After the Vice President’s speech, the governorship candidate of the APC in the state, Timipre Sylva, urged the supporters to yield to the advice of the Vice President and do so without any form of violence.

The Party Ward Chairmen were also present to the leadership of the party.

The election is scheduled to hold on December 5.

Oyo Govt To Complete 1004 Housing Units In 12 Months

Gov Abiola AjimobiThe Oyo State Government has commenced the construction of two housing estates, with a total of 1,004 housing units to be completed within the next one year.

This is in addition to the over 2,000 units already being constructed along the Lagos-Ibadan expressway.

The estates known as ‘‘Lakeside Residential Estates” situated at Idi Ishin Reservation Area and Elenu Shonsho area of Ibadan, the state capital, occupy about 20 hectares of land.

The Oyo State Governor, Abiola Ajimobi, speaking about shelter being one of man’s most important needs, said that his administration embarked on the housing project to ensure that citizens do not lack those basic needs.

He added: “I’ll particularly like to state that we also envisage that this is the first phase, the other phases will come and it will cumulate in a total of 10,000 housing units.”

Micro Credit To Make Deltans Economically Buoyant – Governor Uduaghan

emmanuel-uduaghan1The Delta State Government has disbursed funds and presented certificates to 138 cluster groups who are the beneficiaries of the Delta State Micro Credit Programme (DMCP).

Making the disbursement at Eku, Ethiope East Local Government Area of Delta State, Governor Emmanuel Uduaghan stated that the Micro Credit Programme of his administration was designed to make Deltans economically buoyant and employers of labour.

According to him, the funds released to beneficiaries of the scheme was take-off capital which should yield profit if properly managed, adding that there was no discrimination in the choice of beneficiaries.

He disclosed that over 100,000 Deltans have benefitted from the micro credit scheme since its introduction in 2007 and they have become employers of labour.

The Delta State Deputy Governor, Prof. Amos Utuama, also emphasised the judicious use of the funds given to them, while the Commissioner for Poverty Alleviation, Dr Anthonia Ashiedu, disclosed that the programme has been sustained to empower Deltans, especially women.

Beneficiaries of the scheme who spoke at the occasion said that their businesses have grown and that they have become employers of labour instead of job seekers.

UN Day Celebration: FG/UN To Create 1 Million Jobs

The United Nations is collaborating with the Federal Government to create at least a million jobs through Staple Crop Processing Zones in Nigeria.

Speaking at an event to celebrate the United Nations Day in Abuja, the resident co-ordinator for the UN system in Nigeria, Mister Daouda Toure explained that the UN is assisting the Federal Government to formulate master plans for the development and implementation of 6 processing zones in the country.

The project is expected to generate another 3.5 million indirect jobs and generate 2billion dollars of private sector investments.

Mister Toure added that the plan is part of the effort to support government’s anti-poverty efforts.

He commended Nigeria’s progress in achieving the Millennium Development Goals but asked for increased effort as the world approaches the 2015 target.

24 October has been celebrated as United Nations Day since 1948. In 1971, the United Nations General Assembly recommended that the day be observed by Member States as a public holiday.


Economist Kicks Against Removing Budget Office From Finance Ministry

An economist, Kola Ogunleye has kicked against perceived moves by the National Assembly to transfer the budgeting office from the Ministry of Finance to that of National Planning.

Speaking on Channels Television’s programme, Business Morning, Mr Ogunleye said constitutional, the power to supervise the budgeting process rest on the Finance Minister.

The Senate is seeking a law that will move the budget office from the Ministry of Finance to that of National planning or to make it autonomous arguing that the finance ministry is already overburdened.

Mr Ogunleye however said, “As it stands today, they cannot do that if they have to take cognizance of the constitutional provisions in so far as finance responsibility is concern.”

The economist agreed with the Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala, who on Tuesday expressed stiff opposition to the moves by the Senate to remove the Budget Office from her ministry.

She said this while speaking at a public hearing organised by the Senate Joint Committees on National Planning, Economic Affairs and Poverty Alleviation and Finance on review of national planning and budgeting process in Nigeria.

Mrs Okonjo-Iweala maintained that the Nigeria’s economy was public sector-driven and, as such, it would be disingenuous to remove the Budget Office from the Finance Ministry because people watch and monitor every item in the budget.

What was in operation in Nigeria, she said, was unlike what obtained in the United States of America (USA), where the economy was private sector-driven and, therefore, it would make more sense that the Budget Office was embedded in the structure of the economy as a macro-economic policy.