President Muhammadu Buhari yesterday in Abuja inaugurated National Steering Committee (NSC) of the National Poverty Reduction with Growth Strategy (NPRGS) to be chaired by Vice President Yemi Osinbajo, reiterating his commitment to lifting 100 million Nigerians out of poverty in ten years, with a well-researched framework for implementation and funding.
Speaking at the ceremony attended by the vice president, secretary to the government of the federation, Boss Mustapha, some governors and top government officials, President Buhari in a statement by his media aide, Feli Adesina, said the NPRGS had already proposed the establishment of a private equity fund, the Nigeria Investment and Growth Fund (NIG-Fund), to lead resource mobilisation drive and also manage the resources in a sustainable manner.
“This jourwney began in January, 2021 when I directed the chairman of the Presidential Economic Advisory Council and Secretary to the Government of the Federation to collaboratively work together to articulate what that will lift 100 million Nigerians out of poverty in ten (10) years.
“I am happy to note that the process of designing this inclusive poverty reduction strategy recognized and addressed past mistakes as well as laying the foundation for a sustainable poverty reduction through the wide range consultations held at all levels of government, development partners, the private sector as well as the civil society,’’ he said.
The President added that the National Poverty Reduction with Growth Strategy would address the underlying causes of poverty on the basis of which it developed programmes that would deal with the multi-dimensional nature of poverty within the practical context of comparative advantage of human and natural resources in the various geo-political zones.