President Muhammadu Buhari Inaugurates New Poverty Committee, Appoints Osinbanjo as Chairman

Vice President Yemi Osinbanjo has just been appointed as the Chairman of the National Steering Committee of the National Poverty Reduction with Growth Strategy by President Muhammadu Buhari.

Speaking at the inauguration, the President reiterated his regime’s commitment to lift 100 million Nigerians out of poverty in 10 years with a well-researched framework for implementation and funding.

He noted that the National Poverty Reduction with Growth Strategy had already proposed establishing a private equity fund, the Nigeria Investment and Growth Fund, to lead resource mobilization drive and sustainably manage the resources.

“This journey began in January 2021 when I directed the chairman of the Presidential Economic Advisory Council and the Secretary to the Government of the Federation to collaboratively work together to articulate what will lift 100 million Nigerians out of poverty in 10 years,” he stated.

The president further noted, “I am happy to note that the process of designing this inclusive poverty reduction strategy recognised and addressed past mistakes as well as laid the foundation for a sustainable poverty reduction.

“This would be done through wide range consultations held at all levels of government, development partners, the private sector as well as the civil society.’’

He added that the NPRGS would address underlying causes of poverty on the basis of which it developed programmes that would deal with the multi-dimensional nature of poverty.

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