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2016 Budget And Poverty Alleviation: Matters Arising

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By all accounts, the
commitment of President Muhammadu Buhari to redeem his campaign promise of removing millions of Nigerians out of poverty is significant and exceptional.
Analysts observe that although successive administrations initiated various measures and policies aimed at alleviating abject poverty among Nigerians, such efforts have not yielded meaningful results.
A World Bank’s global poverty rating placed Nigeria among the five poorest countries in the world.
The report revealed that most Nigerians lived on less than one dollar per day.
The World Bank President, Jim Yong Kim, while releasing the report at the April 4, 2014 IMF/World Bank Spring Meetings in New York, emphasised that Nigeria had one of the largest concentration of poor people.
According to him, seven per cent of the world poor live in Nigeria in spite of the rebasing of the country’s Gross Domestic Product (GDP) that ranked it as the largest economy in Africa.
Concerned about this development, President Muhammadu Buhari has earmarked N500 billion for social welfare packages to the vulnerable persons.
This is contained in the administration’s Medium Term Expenditure Framework and Fiscal Strategy Paper presented to the National Assembly.
Buhari said that the Federal Government would collaborate with state governments in the implementation of the N500 billion social welfare packages to the vulnerable.
“The Federal Government will collaborate with state government to institute well structured social welfare intervention programmes such as school feeding programme initiatives, conditional cash transfer to the most vulnerable,’’ he said.
According to him, these interventions will start as pilot scheme and work towards securing the support of donor agencies and development partners to minimise potential risks.
He said that the government would create a phased social welfare programme to cater for a larger population of the poorest and most vulnerable Nigerians.
Also, Minister of Information and Culture, Alhaji Lai Mohammed, assured Nigerians of the Federal Government’s commitment to their welfare.
He insisted that provisions made in the 2016 budget would reduce the sufferings of Nigerians, noting that the measures would be targeted at unemployed graduates, market women, artisans and farmers, among others.
“We are aiming to lift millions of Nigerians out of poverty through massive social interventions,’’ Mohammed said.
According to him, the school feeding programme that will provide one meal per day to school children, the conditional transfer of N5,000 monthly to 25 million most vulnerable Nigerians and access to loans by different categories of people, are among the measures for which provisions have been made in the 2016 budget.
“In addition to providing succour, these measures will also stimulate the economy; just imagine the impact on the poultry sector alone if, for example, one egg is given daily to one million school children,’’ he said.
The minister observed that in spite of the global economic downturn, the impact of the current harsh economic environment on Nigerians would have been less severe if the previous administrations had managed the economy well.
“The gains of the boom when oil was selling at more than100 dollars were either stolen or frittered away.
“Yet, those who brought the nation to this sorry state have continued to grandstand, even having the audacity to further insult the victims of their impunity.
“The Buhari administration is not making excuses. That is why it has included in the 2016 budget the measures that will provide relief for Nigerians.
“But it is important for Nigerians to know the kind of deficits that the government ran since 2009 that partly brought us to where we are now.
“In 2009, the Federal Government was spending 228 dollars for every 100 dollars earned, leaving a deficit of 128 dollars.
“In 2010, the spending was 158 dollars for every 100 dollars earned, leaving a deficit of 58 dollars.
“In the next few days, the administration will start firing from all cylinders, starting with the unveiling of the 2016 budget.
“Nigerians will witness measurable and impactful progress in all spheres of governance.
“We shall not abandon our social intervention policies such as one meal a day for school children and the payment of N5, 000 monthly to each vulnerable Nigerian.
“We are committed to lifting millions of Nigerians out of poverty, this government will not give excuses,’’ he emphasised.
Mohammed said that the Federal Government would take advantage of the vast opportunities in the agriculture, solid minerals, and real sectors, among others, to also create more jobs.
The minister said that the administration would invest massively in developing infrastructure because it would be difficult to create jobs without such investments.
“Job creation, which is our major promise, is going to be realised and all we are waiting for is the 2016 Budget to be put in place.
“You cannot create jobs without investing massively in infrastructure and I know that what we are aiming at this year is to ensure that most of our spending will be on infrastructural development.
Mohammed, who spoke during a familiarisation visit to the headquarters of the News Agency of Nigeria (NAN) in Abuja, expressed concern that between 60 million and 80 million Nigerians lived below the poverty line.
“It is not that in the past there had not been attempts at poverty alleviation but it could not be at the scale we are aiming.
“We are embarking on these massive social interventions so that we will talk of millions of Nigerians that will be rescued from abject poverty.
“We have about five groups that we are talking about; we have those that we call vulnerable because they are poor, because they do not have access to basic medical care.
“We have those that are vulnerable because they live with disabilities and this group is different; then there are young Nigerians who are vulnerable because they lack the economic strength.
“We have plans specifically for unemployed graduates and this takes various forms, in the case of market women, we intend to advance them money through their cooperative societies,’’ he said.
The minister also said that graduates who had completed the National Youth Service Scheme and had been enrolled in a skill acquisition programme would be paid a stipend.
He noted that the government was ready to work closely with persons with disabilities and to create a more accessible and enabling environment for them.
“We can make persons with disabilities in our society very productive by giving them the right incentives and we are looking into making public areas accessible to them,’’ he said.
Social analysts, however, insist that although the initiative is laudable, the government must put in place a careful and meticulous strategy to ensure effective implementation of the social security packages.
They insist that government must also carry out a comprehensive census of the beneficiaries to prevent the hijack of the scheme by some unscrupulous persons.
According to them, the government should involve the private sector in the implementation of the programme to ensure its sustainability beyond the tenure of the current administration.
Adamu writes for NAN.

 
Sani Adamu

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Transport

Automated Points Concession : FAAN Workers Gave 72hrs To Revise Decisions In PH

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The trapatriate Unions conprising the National Union of Air Transport Employees (NUATE), and the Air Transport Service Senior Staff Association of Nigeria, (ATSSSAN),  has given 72 hours Ultimatum to Federal Airport Authority of Nigeria FAAN, Omagwa Airport, Portharcourt to revise its recent decision on the concession of Tollgates and Parks to private hands.
The chairman of the Trapatriate Union, Comrade Felix Ohwoefe gave the Ultimatum yesterday immediately after the joint Unions meeting held at the Airport office of the union, Omagwa, Portharcourt.
Comrade Ohwoefe who double as the chairman of the National Union of NUATE said the two Unions have agreed to take drastic actions if the Authority of the Airport declined to step down it’s decision of concessioning the major revenue points to private hands.
According to the Union chairman, the  two union was not aware of the  concession plans, and that there were no due process to the procedures.
Comrade Ohwoefe said any attempt for the Airport Management to decline it’s demands towards the concession will result to barricading all entrance and access points of the Airport.
Expressing the  the challenges associated to the concession, the Union Chairman said the gesture might resulted to massive sack of workers in the Airport.
The chairman also expressed foul play on the part of either individuals or government in the terms and conditions so given to the concessionaires, demanding the reasons of contracting the automated points to private hands for only 14 millions, when the FAAN is presently generating over 28 million naira monthly, even when the tariff was not  reviewed upwards.
He describes the process to the procedures as fraud with intention to increase unemployment in the state.
“We are not against the concession of the Automated points, but due process must be followed. If government is concessioning the place, we are asking what will happen to our workers in the existing units.
“Secondly, if the concessionaires is taken over, they must pay higher than what the FAAN is generating presently, we are generating to the Management over 28 Millions monthly, but we had that the private company is required to pay only 14 Millions monthly, which is far below 5 percents of what we are generating presently, even when the tariff is increased, which means there is a foul play.
“The process is fraud either on the part of individual in the Government, or Government itself.
” The unions is saying no to the Concession until we come to a terms of understanding ourselves., we are afraid of loosing workers, we don’t want to loose any workers if due process is not followed in this hard of economy,  we even demanding for employment of more workers in FAAN.” Comrade Ohwoefe said.
The Union used the opportunity to called on the minister of aviation, and the President of the Country, Bola Tinubu to intervene.
When contacting the Management of the Airport Authority through the head of Corporate Affairs, Dr Ngozi V. Onyeanwuna-Nwosu,  she said the management has not given her the approval to say something.
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Transport

FAAN Announces Pick-Up Points for Go-Cashless Cards

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The Federal Airports Authority of Nigeria (FAAN) has announced designated pick-up points for individuals wishing to obtain their Go-Cashless cards ahead of the March 1, 2026 deadline.
This was announced in a statement signed by the Director Public Affairs and Consumer protection, Henry Agbebire  and made available to the Tide last Friday in Portharcourt.
According to the statement,  Go-Cashless cards is at all  FAAN commercial offices and access gates of Airports in the country .
The release further stated that cards will also be available at designated branches of Fidelity Bank Plc from March 16, 2026.
FAAN in the statement said the cashless policy followed the Federal Government directive mandating all Ministries, Departments and Agencies (MDAs) to transition to a cashless system to enhance transparency and reduce revenue leakages as well improve transaction traceability in the Aviation sector.
FAAN  reiterated its commitment to full compliance with the directive, appealing to the public for their understanding and cooperation during the transition period.
FAAN also inform that the Go-Cashless cards can still be obtained at the designated points after the March 1, deadline.
The Authority assures airport users that the initiative will promote faster, safer, and more convenient transactions across its airports nationwide.
By: Enoch Epelle
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Business

Fidelity Bank To Empower Women With Sustainable Entrepreneurship Skills, HAP2.0

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Leading financial institution, Fidelity Bank Plc, has announced the launch of the second edition of its flagship women-empowerment initiative, the HerFidelity Apprenticeship Programme 2.0 (HAP 2.0).
According to the report, the programme is designed to equip women with practical, income?generating skills and structured pathways to entrepreneurship.
 Accordingly, the HAP 2.0 will build on the success of its inaugural edition held in 2023.
During media chat with journalists to herald the launch of HAP 2.0, the Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede, explained that the initiative has been enhanced to deliver greater impact.
He said HerFidelity Apprenticeship Programme 2.0 reflects their commitment to continuous improvement, having evaluated feedback from the first edition, they have returned with stronger partnerships and deeper mentorship programmes to ensure that women acquire not just skills, but sustainable economic opportunities.
Mr Ede, who said the programme is guided with real?world learning, also said that participants will undergo intensive apprenticeship training under reputable institutions and industry experts across selected fields such as hair styling, shoe making, auto mechatronics, and interior decoration.
Additionally, he said HerFidelity Apprenticeship Programme 2.0 goes beyond skills acquisition by offering participants a wide range of business advisory services.
These include business and financial literacy training, mentorship support throughout the apprenticeship journey, access to Fidelity Bank’s women?focused and SME financial solutions, as well as guidance on business formalisation and growth strategies.
Emphasizing the bank’s vision further, Ede said: “By integrating structured mentorship with entrepreneurial development, Fidelity Bank is positioning women not just as trainees, but as future employers, innovators, and economic contributors within their communities.
 This aligns with our mandate to help individuals grow, businesses thrive, and economies prosper”.
It is noteworthy that interested participants are encouraged to indicate their interest by visiting https://bit.ly/Apprenticeshipbyherfidelity.
It is important to note that Fidelity Bank Plc is ranked among the best banks in Nigeria, with a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, with 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
It is reported that the Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards, the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.
By: Nkpemenyie mcdominic, Lagos
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