FG rescues Nigerians from poverty

FG rescues Nigerians from poverty

Nigeria's federal government under the leadership of President Muhammadu Buhari has claimed to have rescued many Nigerians out of the claws of poverty.


The claim by the federal government under the rulling All Progressives Congress (APC) comes despite the economic recession threatening the economy of Nigeria.

While speaking on the achievement of the federal government in eradicating poverty in Nigeria, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, said the Buhari-led administration has moved 10 million Nigerians out of poverty.

Udoma stated this while speaking on the arrangements for the 24th Nigerian Economic Summit (NES#24), held at the conference room of the ministry in Abuja.

He said millions of Nigerian youths, women and children have been empowered. And that capital provisions for agriculture have been raised to eliminate hunger and increase food security.

‘‘We have taken steps towards moving our people from Poverty to prosperity. Indeed, one of the key priorities of the ERGP is investing in our people. That objective has been behind many Government programmes, particularly the Social Investment Programme. Under this programme, we have empowered millions of Nigerian youths, women and children. To combat hunger and achieve food security, we have raised capital provisions for agriculture from N8.8billion in 2015 to N149.2billion in the 2018 budget.

Over N82billion has been disbursed as credit to more than 350,000 farmers under the Anchor Borrowers’ programme. 14 moribund fertilizer blending plants have been revitalized through the Presidential Fertilizer Initiative (PFI), with a total capacity of 2.3million metric tons of NPK fertilizer. Nigeria’s milled rice production has increased by about 60% and since 2016 eight new rice mills have been brought into production” he said.

 

Report by Godday Akoh

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