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The Government’s Goal Of Lifting 20m Nigerians Out Of Poverty Is Within Reach – Vice President of Nigeria

The Vice President of Nigeria, Yemi Osinbajo, has revealed that the federal government of Nigeria’s goal of elevating at least 20 million Nigerians out of poverty in the next two years is now within reach.

Speaking at the virtual flag-off of the cash transfer scheme, Rapid Response Register (RRR), Mr Osibanjo stated that the scheme will be used to speedily identify urban poor and vulnerable population through geographic satellite technology and other related means for the purposes of delivering cash to households affected by the fallouts of the COVID-19 pandemic in the country.

“The groundbreaking success of the RRR now emboldens us to achieve our aspiration of a social security programme for a minimum of twenty million Nigerians in the next two years. This will be the largest of its kind on the continent. This (aspiration) is, at least from the perspective of this tested approach, now well within our reach.

“The only constraint, of course, is the funding which we must look for because this country deserves a social security scheme that will not merely alleviate poverty but also create wealth for the millions of those who are waiting for this opportunity.

“Our government launched the National Social Protection Policy (NSPP) in 2017 to provide the framework for institutionalizing the work we started since 2016 on reducing extreme poverty in Nigeria, based on our administration’s vision to create a comprehensive social security programme for the poor and vulnerable and thereafter the pledge to lift 100 million Nigerian’s out of poverty in ten years.”

According to the Vice President, the launch of the (RRR) social protection method of targeting is the first strategy to be developed and tested in the Sub-Saharan Africa region.

He said it would enable Nigeria tackle poverty in a more systematic manner, leveraging technology to expand the scope of the interventions.

Osinbajo added; 

“As of 31st December 2020, we have identified and registered about 24.3 million poor and vulnerable individuals into the National Social Register; equivalent to about 5.7 million households. Through this project, we are currently injecting about N10 Billion directly into the hands of about 2 million poor and vulnerable people every month. 

“This is about the largest evidence-based effort by any administration on poverty reduction and its impact on the lives of the poor is huge; by way of improving the livelihoods of the beneficiaries through enhanced household purchasing power; smoothening consumption; increasing savings and acquisition of household assets; and improving the local economy. There are many more ramifications.”

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Kwesi Appiah

Appiah Kwesi Anokye Dennis Jnr, professionally known as Kwesi Appiah is a Ghanaian celebrity blogger and writer.

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