Nigeria’s Vice President, Prof. Yemi Osinbajo says the Buhari administration plans to lift 100 million Nigerians out of poverty in ten years will not be based on a business as usual approach, but on a very simple, common sense strategy that will deliver the results as the president promised.
Prof. Osinbajo stated this on Friday at the inaugural meeting of the National Poverty Reduction with Growth Strategy Steering Committee held at the Presidential Villa, Abuja
The vice president expressed the hope that the Committee would be able to achieve rapid progress.
“In order not to make this merely, another of those high-sounding committees that eventually achieve nothing, we have to be very intentional about our objectives and how to achieve them, Osinbajo said.”
The vice president said that government would adopt a different and more effective approach in actualizing the objective of eradicating poverty in the country for the sake of delivering results.
“I really want us to approach this as much as possible, commonsensically, so that we are able to resolve all the issues and focus on the real progress.
“I want us to look beyond all of what we are going to be doing, there is going to be a considerable amount of paper work, but a lot of common sense is what grows economies.
“It’s what other countries have done, not really reinventing the wheel. So, I want us to focus on those commonsensical things, so that we can actually move forward.”
Citing the example of Bangladesh where a poverty reduction strategy was also implemented, the vice president said the country’s manufacturing sector was key.
“Bangladesh actually exports more garment than we export oil.”
“Countries that have managed to get out of poverty have created a lot of jobs through industries, and they have developed intentional strategies.
“We must look at what others have done, the smart things that other people have done, and adopt.”
Prof. Osinbajo said there was need to think smartly about how Nigeria is funding agriculture.
“I think we really need to take a deep dive because governments have made several efforts at poverty alleviation but generally speaking, they have not yielded the sort of results they should yield, and I think it’s because there is a lot of focus on documentation and paper work and very little commonsense approaches.
Prof. Osinbajo explained that National Poverty Reduction with Growth Strategy is meant to be a national strategy, not just a federal effort and it is aimed at taking 100 million people, nationally, out of poverty within a target time-frame of 10 years.
He emphasized that it is a national strategy as opposed to a federal strategy, which is why the steering committee is made up of federal as well as state officials.
Speaking on the role of the private sector, he said “essentially, this effort must also be directed at how to facilitate private sector creation of jobs.
“The fact is that there is no way that the Federal Government or the State Governments can create the number of jobs that we need.
“We need to take a few broad looks at the features of what constitutes our present predicaments in terms of job losses and unemployment.”
Prof. Osinbajo said efforts would be made to focus attention on creating opportunities for Nigerians to earn decent livelihoods in addition to equipping them with the necessary vocational skills.
Later at the end of the inaugural meeting, and while fielding questions from journalists, Governor Sule of Nasarawa State said “the whole essence of the committee is for the government to be able to take 100 million Nigerians out of poverty in the next 10 years.”
He said that having reviewed the Terms of Reference (TOR), the Steering Committee would constitute the technical working group and the National Social Protection Network and then resume its meeting after the Eid-el-Kabir break.
At Friday’s meeting, members in attendance included Governor Kayode Fayemi of Ekiti State, who is also Nigeria Governors’ Forum Chairman, Governor Babagana Zulum of Borno State and Governor Abdullahi Sule of Nasarawa State.
The Secretary to the Government of the Federation, Mr. Boss Mustapha; Ministers of Agriculture, Muhammad Nanono; Industry, Trade and Investment, Niyi Adebayo, and Labour and Employment, Dr Chris Ngige also attended, while the Minister of State for Budget and National Planning, Prince Clem Agba joined the meeting virtually.
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