{"id":49868,"date":"2021-06-23T05:42:21","date_gmt":"2021-06-23T04:42:21","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=49868"},"modified":"2021-06-23T05:42:21","modified_gmt":"2021-06-23T04:42:21","slug":"buhari-sets-up-committee-to-lift-100m-nigerians-out-of-poverty","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/06\/23\/buhari-sets-up-committee-to-lift-100m-nigerians-out-of-poverty\/","title":{"rendered":"Buhari sets up committee to lift 100m Nigerians out of poverty"},"content":{"rendered":"<p>A steering committee on national poverty reduction with growth strategy (NPRGS) has been launched by President Muhammadu Buhari.<\/p>\n<p>Recall that the World Bank in its latest report noted that the high inflation rate in Nigeria is worsening poverty and depressing business activities.<\/p>\n<p>According to the bank, an estimated 7 million Nigerians were pushed into poverty in 2020 due to rising prices alone.<\/p>\n<p>Presidential spokesman, Femi Adesina on Tuesday disclosed via a statement that Vice-President Yemi Osinbajo will lead the committee.<\/p>\n<p>Buhari reiterated his commitment to lifting 100 million Nigerians out of poverty in ten years, with a well-researched framework for implementation and funding.<\/p>\n<p>He said the NPRGS has proposed to establish a private equity fund to ensure mobilisation drive and sustainable management of resources.<\/p>\n<p>\u201cThis journey 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 <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/03\/28\/nnamdi-kanu-to-fg-you-have-no-right-to-decide-who-stays-in-nigeria\/\">Nigerians<\/a> out of poverty in ten (10) years,\u201d Buhari said.<\/p>\n<p>\u201cI 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.\u201d<\/p>\n<p>Buhari added that the NPRGS would address the underlying causes of poverty in various geopolitical zones in the country.<\/p>\n<p>\u201cThe major challenge before this national steering committee is to translate our good intention into positive impact of the average Nigerian so that we create an appreciative impact on the poverty situation in our country,\u201d he added.<\/p>\n<p>\u201cIf India can lift 271 million people out of poverty between 2006 and 2016, Nigeria can surely lift 100 million out of poverty in 10 years. Fortunately, we have already started but we need to unlock the challenges of slow implementation, inappropriate targeting and absence of adequate resources.<\/p>\n<p>\u201cThe performance of our economy despite COVID-19 gives me comfort that we can achieve our goal but we need to seriously scale up and work more with state and local governments.<\/p>\n<p>\u201cThis call becomes more pertinent in the face of recent forecasts by the International Monetary Fund, the World Bank and our own Nigerian Economic Summit Group which all agreed that Nigeria needs to frontally tackle her poverty situation if our economic gains are to be sustained.\u2019\u2019<\/p>\n<p>Buhari listed the committee\u2019s duties to include: anchor collaborative efforts; provide oversight for the implementation of the strategy; provide guidance to the technical working group and federal ministries, extra ministerial departments and agencies, subnational governments and other stakeholders to achieve the objectives of the programme.<\/p>\n<p>He urged the committee to commence work to foster the activities of the technical working group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A steering committee on national poverty reduction with growth strategy (NPRGS) has been launched by President Muhammadu Buhari. Recall that the World Bank in its latest report noted that the high inflation rate in Nigeria is worsening poverty and depressing business activities. According to the bank, an estimated 7 million Nigerians were pushed into poverty [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":49870,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[11558,11559,778,208],"class_list":["post-49868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-100m-nigerians","tag-national-poverty-reduction-with-growth-strategy-nprgs","tag-poverty","tag-president-muhammadu-buhari"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buhari sets up committee to lift 100m Nigerians out of poverty<\/title>\n<meta name=\"description\" content=\"A steering committee on national poverty reduction with growth strategy (NPRGS) has been launched by President Muhammadu Buhari.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/23\/buhari-sets-up-committee-to-lift-100m-nigerians-out-of-poverty\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari sets up committee to lift 100m Nigerians out of poverty\" \/>\n<meta property=\"og:description\" content=\"A steering committee on national poverty reduction with growth strategy (NPRGS) has been launched by President Muhammadu Buhari. Recall that the World\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/23\/buhari-sets-up-committee-to-lift-100m-nigerians-out-of-poverty\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-23T04:42:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/06\/adewale_chocomilo\/2021\/06\/23\/20210623_053248-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"998\" \/>\n\t<meta property=\"og:image:height\" content=\"531\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta 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