- Vice President Yemi Osinbajo says poverty is a cause and consequence of the deficit in Nigeria’s human capital development deficit
- Osinbajo states that the federal government recently launched the TraderMoni scheme, which is basically giving credits to petty traders across the country in the markets
Vice President Yemi Osinbajo has said the federal government is determined to take more Nigerians out of poverty through the implantation of various social investment programmes.
Osinbajo made the statement on Wednesday, October 3, during a meeting of the National Economic Council (NEC)’s human capital development core working group held at the presidential villa in Abuja, The Punch reports.
The vice president’s senior special assistant on media and publicity, Laolu Akande, said Osinbajo at the NEC meeting, which comprises all state governors and federal officials, stated that lifting Nigerians out of poverty was a crucial agenda towards attaining intended developmental outcomes.
“Poverty, as we know, is both a cause and consequence of some of what we are looking at in our human capital development deficit," Osinbajo said.
“Really, I think we need to focus a lot more on some of the more creative ways of getting our people out of poverty.
“And of course, we have some social investment programmes; we are looking at some of the examples of what India did, some have been tried and tested in such huge populations.
“I think there is a need for us to sensitise our people to why it is that we need to get a large segment of our people out of poverty.”
PAY ATTENTION: Read the news on Nigeria’s #1 new app
The vice president said the federal government recently launched the TraderMoni scheme, which is basically giving credits to petty traders across the country in the markets and all that.
“We must do even more in terms of giving credits and whatever assistance and support to people; obviously, the more money people have, the better it is for them, so they can apply their little resources to some of what we are expected to do to improve human capital development,” he said.
Meanwhile, President Muhammadu Buhari, during his reception speech in honour of South African former leader, Thabo Mbeki, on Thursday, October 4, said that the anti-corruption war of his administration was not negotiable.
Speaking at the presidential Villa, Buhari said that it was a compulsory for him to fight graft because that was one of the reasons he was elected into power in 2015.
Mbeki, who heads the African Union (AU)'s high-level panel on illicit financial flows from Africa, was in Nigeria with the aim of giving Buhari, who is the current champion of AU anti-corruption campaign, some updates.
The President said since his campaign promises to Nigerians included fighting corruption, he cannot fail the people.
Laolu Akande Speaks on How Presidency is Tackling Economy | Legit.ng TV