FG Restates Commitment To Lift 100m Nigerians Out Of Poverty In 10 Years

The Federal Government has restated its commitment to fulfilling its promise of lifting 100 million Nigerians out of poverty in 10 years.

The Minister of State for Budget and National Planning, Prince Clem Ikanade Agba made this known on Monday, during an oversight visit by the House of Representatives Committee on National Planning and Economic Development, led by its Chairman, Hon. Olododo Abdulganiyu Saka.

Agba said the government is currently laying a solid foundation for lifting 100 million Nigerians out of poverty in the next decade through the Medium-Term National Development Plans (MTNDPs 2021-2025 and 2026-2030) and the long-term perspective plan, otherwise known as Agenda 2050.

He explained that the MTNDPs were anchored on President Muhammadu Buhari’s commitment to lift 100 million Nigerians out of poverty while the perspective long-term plan would help to consolidate on the exit strategy and the plan to build economic prosperity for the nation and its citizenry.

“The planning process will involve participation from sub-nationals (State and Local Governments), major political parties, National Assembly, youth and women organizations and other relevant stakeholders,” he added.

Explaining further, the minister said the long-term plan would be developed by the Steering Committee chaired by investment banker and economist, Mr Atedo Peterside and would be co-chaired by the Minister of Finance, Budget and National Planning, Mrs Zainab Samshuna Ahmed, who would interface between the Steering Committee and the Government.

He said the Technical Working Groups (TWGs) and the Central Working Group (CWG) under the coordination of Special Adviser to the President on Finance and Economy, Dr Sarah Alade, had already been inaugurated, adding that a presidential approval for an inauguration date for the Steering Committee was being awaited.

Agba also revealed that the President had approved the commencement of the institutional process of emplacing a successor plan to the Economic Recovery and Growth Plan (ERGP 2017-2020), which would come to an end in December this year.

He said that the primary responsibility of the ministry was to  evolve strategies to develop the national development plan for the country, flowing from the priorities in the plan and on the basis of the plan, draw up budget proposals, which would be forwarded to the National Assembly for consideration and passage, and consequently for the President’s assent.

According to him, the President is committed to having a true national development plan, which is why he has approved that the plan should be private sector-driven while the government would be an enabler.

On his part, the Chairman, House of Representatives Committee on National Planning and Economic Development, Hon. Saka, said the House was a partner in progress with the ministry, adding that the oversight visit was to appraise the activities of the Ministry and find ways of possible collaboration in order to move the sector forward.