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Business News of Wednesday, 11 August 2021

Source: www.legit.ng

We have lifted 10 million Nigerians out of poverty in 6 years - FG

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq

The federal government said it has lifted over 10 million Nigerians out of extreme poverty in six years, through the National Social Investment Programmes (NSIPs).

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, made the comment at a virtual launch of a global event targeted at carrying out a survey on the poverty index in developing countries.

Dealing with rising poverty

A statement by the minister's spokesperson, Nneka Ikem Anibeze, and seen by Legit.ng quoted her as saying: “The President Muhammadu Buhari-led administration has successfully empowered more than 10 million people out of extreme poverty through the many initiatives of government, including the National Social Investment Programme.

“This aspiration takes into cognizance the country’s current estimated population of about 200 million people, as well as the need for better evidence for programming.”

Farouq also revealed that the federal government would partner with private sector actors using the special purpose vehicle of social investments to create a national and state poverty map/tracker which will help provide progress towards poverty reduction goals. She thanked the World Bank Group, UNICEF, and other bilateral and multilateral bodies, for their support towards eradicating extreme poverty by 2030 globally.