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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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Boat Mishap Kills Pastor, Wife And Church Members  In Brass Water

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A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and  members of his church were in a programme.
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?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet  to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report,  our Correspondent gathered  that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s  on the sad accident
By: CHINEDU WOSU
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Rivers Workers Seek Scrapping Of Contributory Pension Scheme

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The Rivers State Council of  Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt,  recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that  the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also  informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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