About 110 million Nigerians are poor – Osinbajo

Vice-President Yemi Osinbajo on Saturday said about 110 million Nigerians were living in poverty.

Yemi-Osinbajo
He said two-tenth of that figure were in extreme poverty.

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As of January 1, 2016, the population of Nigeria was estimated at 184.635 million.

Osinbajo spoke at an event hosted by the President of Ghana, Mr. John Mahama, on Africa and Sustainable Development Goals on the sidelines the African Union meeting in Kigali, Rwanda.

Excerpts of his speech at the event were made available to journalists by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande.

The Vice-President who is representing President Muhammadu Buhari at the summit said Nigeria and other African nations have to rise up to the urgent need of addressing the problems of poverty and inequality.

He said that was why the present administration initiated what he called the largest social protection programme in the history of the country.

He said, “In Nigeria, in the current budget cycle, we have the largest social protection programme in the history of the country. It’s a N500bn programme-(worth over $2.5bnas at the time budget was signed.)
“Basically, we are looking at lifting many out of poverty, of course many are familiar with the size of the Nigerian state and we have close to hundred and ten million people who are poor and about two-tenth are in extreme poverty.

“So it is a very huge problem and part of what we are trying to do is to look at how not just to empower people but also to ensure that what they are given is sustainable.

“For the women, we are doing a programme, micro-credit programme for a million market women and artisans.

“All would be given facilities, training facilities as well to enable them to be able to do some work for themselves and to continue to be able to live.”

Osinbajo explained that the micro-credit loan to women is to make sure that they handle money better and do a much better work on the whole.

He explained that in the case of Conditional Cash Transfer, the government is also targeting the women.

He however admitted that the government had difficulty identifying the poor who would benefit from the programmes.

He said some international organisations came to the aid of the government.

“In determining who the poorest is, we had problems on that, but we have very good assistance from the World Bank and the Bill Gates Foundation. They helped in trying to map the really poor.

“We had to get inside the communities looking for the poorest of the poor with the small sum of money which is about N5000 (which is roughly about $25 dollars or there about) which is a sum of money that would be given to the poorest every month, which may enable them feed themselves and find something that they may do and on the condition that they send their children to school and participate in immunisation.

“So we are really excited about some of the works we are trying to do around the SDGs and we are hopeful that we’ll be able to get the Social Protection Programme working.

“We just recently appointed a Senior Special Assistant on SDGs. We also have a full SDG Implementation office which is fully equipped and we hope to be able to carry out all of the proposals we made and effect them within the shortest possible time,” he added.

The main summit meeting of the AU holds on Sunday when over 30 African leaders at the level of presidents, vice presidents, and prime ministers are expected, besides foreign minister-level representations.

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7 Comments

  1. osibanjo is a liar…only 10 million are poor…apc has moved 100 million into extreme poverty during the past year…

  2. so you know about this yet you have millions of dollar in your account alone and i wonder what you have done to improve the lives of your citizens. ironically everything is on the increase

  3. This must be a conservative statistics. More than 95% of Nigerians are living below poverty line. That is what 50 yrs of mediocre dictatorships did to us. We’ll continue to hold the dictators responsible for the rot we inherited..

  4. What is the yardstick you people used in measuring the poverty in this country? And what gave you the impression that, it is not more than 95 percent of the total population are living in abject poverty Mr Vice Pressident?

  5. What is the yardstick you people used in measuring the poverty in this country? And what gave you the impression that, it is not more than 95 percent of the total population are living in abject poverty Mr Vice President?

  6. Nigerians are poorer since you and President Buhari took over, now the citizens are begging for food, you guys should act quickly before Nigerians would revolt, stop telling us stories, you promised us change now we have been moved from frypan to fire, change from poverty to extreme poverty, nonsense regime

  7. Can the VP stop telling us what we know and tell us how he intends to fix it? He leads ‘the economic team’ and all we’ve heard are statistics and data. We know them too! Just fix the economy… and may I add, not on the pages of the dailies or on social media media because that seems to be the modus operandi now. Less talk and more work!, people are suffering!

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