President Muhammadu Buhari has launched a steering committee on national poverty reduction with growth strategy (NPRGS).
This committee is to be chaired by the Vice President, Professor Yemi Osinbajo.
According to media aide, Femi Adesina, Buhari reiterated his commitment to lifting 100 million Nigerians out of poverty in ten years, with a well-researched framework for implementation and funding.
He stated that the NPRGS has proposed to establish a private equity fund to ensure mobilisation drive and sustainable management of resources.
“This 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 will lift 100 million Nigerians out of poverty in ten (10) years,” Buhari said.
“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.”