NewStats: 3,263,949 , 8,182,045 topics. Date: Monday, 09 June 2025 at 12:16 AM 631s57

The federal government has boasted that it has moved 10.073million Nigerians from poverty to prosperity.


The minister of Budget and National Planning, Sen. Udoma Udo Udoma made the claim Tuesday while speaking on arrangements for the 24th Nigerian Economic Summit (NES#24) held at the conference room of the ministry in Abuja.

He said federal government had taken steps to move over 10 million Nigerians from poverty to prosperity as one of the key priorities of the Economic Recovery and Growth Plan, ERGP by investing in the people.

According to him, the government had provided 8.96million school children under the Home Grown School Feeding Programme; over 297,000 poor and vulnerable Nigerians ed with cash transfer of N5,000; successfully disbursed more than 308,000 loans of N50,000 and above under the Government Enterprise and Empowerment Programme (GEEP) and 200,000 Young Unemployed Graduates Empowered through the N-Power scheme , while over 308,000 had been selected for consideration for the second batch.

‘‘We have taken steps towards moving our people from Poverty to prosperity. Indeed, one of the key priorities of the ERGP is investing in our people.

‘‘That objective has been behind many Government programmes, particularly the Social Investment Programme. Under this programme, we have empowered millions of Nigerian youths, women and children.

‘‘To combat hunger and achieve food security, we have raised capital provisions for agriculture from N8.8billion in 2015 to N149.2billion in the 2018 budget. Over N82billion has been disbursed as credit to more than 350,000 farmers under the Anchor Borrowers’ programme. 14 moribund fertilizer blending plants have been revitalized through the Presidential Fertilizer Initiative (PFI), with a total capacity of 2.3million metric tons of NPK fertilizer.

‘‘Nigeria’s milled rice production has increased by about 60% and since 2016 eight new rice mills have been brought into production,’’ he added.

The chairman and CEO of NESG, Mr. Laoye Jaiyeola in his opening remarks, explained that the summit scheduled to hold from October 22-23, 2018 in Abuja with the theme ‘‘Poverty to Prosperity: Making Governance & Institutions Work’’, would focus on using governance to lift Nigerians out of poverty.

He assured that the summit would continue to be rallying point for both public and private sectors to various economic challenges plaguing the country.

According to the minister, the focus of the summit will be on good governance as a path to sustainable human and economic development in order to achieve the goals of the ERGP.

On the reason for low GDP growth in the country, he blamed it on insecurity and low oil production and assured that effort was on to meet the growth target.

‘‘We are aware of the fact that the GDP growth in the last quarter was below the estimated target. This is because of the growing insecurity and low oil production but we are working hard to meet our growth target.

‘‘It is important to note that the non-oil sector has been growing. That is why we have been working harder to be where we want to be. We will also work harder on agriculture to address hunger and food insecurity in the country.

‘‘We can’t do everything together. Agriculture was part of last year’s theme. This year is on governance. The ERGP runs on 2020 not focused on election.’’

The Nigerian Economic Summit is organised annually by the Nigerian Economic Summit Group (NESG) in collaboration with the Federal Government of Nigeria represented by the Ministry of Budget and National Planning.

The summit provides a forum for dialogue amongst top policy makers and corporate leaders. It brings together government officials, representatives of the private sector, development partners, the civil society and some of academia to reflect on issues constraining our national development with the aim of building consensus so as to evolve common strategies and policy frameworks for addressing these issues.

https://www.vanguardngr.com/2018/09/we-have-moved-10m-nigerians-out-of-poverty-fg/

Where are the 10 million Nigerians moved out of poverty? How did Nigeria overtake india as country with highest number of poor in the world? It’s a shame what grown men open their mouths to spew

Which country?

wont the stop all these lies for once

These people are delusional .

How did they arrive at this statistics.

Are we still sure the devil is the chief lier
Because from all evidence, this current Nigerian government have overtaken him

While 11millions Nigerians have lost their jobs and Nigeria have overthrown India to take the rightful poverty capital of the world.
APC government can keep up with its fallacy but the truth is glaring.

and they have send 50millions to poverty.

While World poverty index statistics says 8000 Nigerians are plunged into abject poverty everyday; who do we now believe?

Out of poverty & straight to their deaths!

What FG meant was that they've moved 10m Nigerians from Poverty to Poorverty.

Any one of them in nairaland?

Out of poverty into wretchedness and misery.
Buhari is a man.

Very beautiful semantics...

Nigerians were grappling with poverty before this government came on board with a promise of change.

Upon succession on to the throne, Nigerians, however, have graduated or retrogressed into Chains, a far cry from the poverty they had hitherto been used to.

True claims by the FG.

Enjoy my siggy

God will judge these people, imagine the bogus claims they are making up because election is near, lol I pity who dey these ones with faith only but fail to realise they are clueless as they were the first time they were apportioning blames up and down

buhariguy:
Ok

I wonder what this dustbin brain has to say this time. . . Trash as usual.

Arda1000:
Any one of them in nairaland?

sarrki vedaxcool seunmsg Gavelslam


they are the poor of the poorest

Ezenwammadu:
Where are the 10 million Nigerians moved out of poverty? How did Nigeria overtake india as country with highest number of poor in the world? It’s a shame what grown men open their mouths to spew

you are just big for nothing,
More 100m were poor in 2014, by 2016 even in recession, poverty reduce to 87 m, and in 2018, it has reduced to less than 50m people

https://nairaland.unblockandhide.com/1531127/fact.nigeria-100m-destitute-112m#19785183

With the #10,000 "Trader Moni" the government has turned millions of petty traders into millionaires.

Sai baba!!!

buhariguy:
you are just big for nothing,
More 100m were poor in 2014, by 2016 even in recession, poverty reduce to 87 m, and in 2018, it has reduced to less than 50m people

Did all you wrote up there make any sense to you?..

-100m poor in a 3rd fastest growing economy?
-Poverty reduced in recession despite loosing 15m jobs?
- poverty reduced to 50m in 2018 while being declared worlds poverty capital?

Please use your brains to discern accordingly.

CanineOfJackal:
sarrki vedaxcool seunmsg Gavelslam

they are the poor of the poorest

These people and figures ehn.
Lies everywhere.

He said federal government had taken steps to move over 10 million Nigerians from poverty to prosperity as one of the key priorities of the Economic Recovery and Growth Plan, ERGP by investing in the people. According to him, the government had provided 8.96million school children under the Home Grown School Feeding Programme; over 297,000 poor and vulnerable Nigerians ed with cash transfer of N5,000; successfully disbursed more than 308,000 loans of N50,000 and above under the Government Enterprise and Empowerment Programme (GEEP) [b]

How does the above turn someone from poverty to prosperity

Yet Nigeria became the poverty capital of the world under buhari's govt. Bloody liars.

HisSexcellency:

How does the above turn someone from poverty to prosperity

Under buhari's poverty govt, sharing N5,000 to 5,000 almajiris is economic prosperity.

Esseite:


Did all you wrote up there make any sense to you?..

-100m poor in a 3rd fastest growing economy?
-Poverty reduced in recession despite loosing 15m jobs?
- poverty reduced to 50m in 2018 while being declared worlds poverty capital?

Please use your brains to discern accordingly.

this is the problem with jobless aggressive lazy people like you,
The report of 87m poorest people was in 2016 during recession,
Read what Theresa May said again.
Also read the report of 2012 according to www.bbc.co.uk/news/world-Africa.17015873

saaron:
Yet Nigeria became the poverty capital of the world under buhari's govt. Bloody liars.

https://nairaland.unblockandhide.com/1531127/fact.nigeria-100m-destitute-112m#19785183

Yes it is true they have moved zombies in NL out of poverty...

In which country?

What FG meant was that they've moved 10m Nigerians from **Poverty** to **Poorverty.**

It's really true, you actually moved 10 million out of poverty and moved 87 million into poverty. You are a good mathematician.

Don't mind them. He meant to type "into " not "out of"