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FG's Claim Of Having The Best Performance In Poverty Alleviation; How True?
#1
FG's Claim Of Having The Best Performance In Poverty Alleviation; How True?

by Elizabeth Elizabeth

[Image: Poverty_930x693.png]

Every other week, there mostly is a new mouth-watering tale from the federal government of Nigeria, about the "good" they have done for the country One of the most recent of this, is a statement made early in the month of November through the information minister - Lai Mohammed, about how the current administration has the best records for poverty alleviation in the country.

Precisely, he said, “No government in the history of this country has ever methodically and seriously put in place measures aimed at addressing poverty alleviation and creating jobs for youths like this Administration,

The minister based his claims on certain schemes put in place by the government. First is the National Youth Investment Fund (NYIF) which is targeted at providing opportunities for youths in Nigeria, and has been allocated a sum of N75 billion. Also highlighted is the Economic Sustainability Scheme which is targeted at the self-employed, to train them with vocational skills and also make provision for a one-time payment of N30,000 for about 333,000 beneficiaries.

The Reality Of The State of Poverty Alleviation in Nigeria

The administration so far has claimed to have done a lot… But the question is, of what effect has this got on poverty alleviation in the world's poverty capital? Has it helped the country progress in any way?

To start with, just a few days after the statement by the information minister, new statistics sprung up by World Poverty Clock which revealed that more Nigerians have plunged into extreme poverty in the space of a year. The latest report showed that, over 105 million Nigerians now live in extreme poverty – from 98 million in October 2019. This equates 51% of the population living below the poverty mark.

In a clear context; it means that 7 million more people sunk into poverty between October 2019 and November 2020. In the same light, under this administration, Nigeria’s unemployment rate more than doubled, from 10.4% in January 2016 to 23.1% in July 2018, and is now at 27.1% as of Q2 2020. This means that more people have gotten out of a job and hence no longer have a source of livelihood. In contrast with the statement from the government which states that more jobs have been created, what we see are more people out of jobs. Hence, these two statistics do not in any way support the claims of the government and its achievement.

The Verdict

In Nigeria today, what the government means when the poverty alleviation word is mentioned is the little sum given out to people. If this approach is sustainable indeed, why hasn't there been progress made, based on statistics?

The main difference between real economic development and the acclaimed poverty alleviation by the Nigerian Government is that the former attempts to increase the size of the cake i.e. it creates more opportunities and wealth of varying levels for people. The latter, on the other hand, focuses on reserving some crumbs from the cake for the lower class, by giving little stipends and brands it as poverty alleviation. In reality, this approach isn't sustainable and can do only little in getting people out of poverty.

Distributing N10,000 and other similar sums as claimed, is not an ideal way of ending poverty and would in fact not end it. No nation has never and would ever alleviate poverty by giving stipend like money all in the name of poverty alleviation. Never. The real poverty alleviation is in building sustainable processes for wealth creation. A very good example of such is in the provision of quality education. The government has been seen to be deficient in this as the allocation to education from the national budget has been nothing to write home about.

A country that's ideally serious about poverty alleviation, would take into account the education of its citizens. And would also ensure that its environment is business-friendly and not one that clamps on businesses. As of now, the greatest resource the government has really isn't crude, but its people, and so a lack of quality investment in its people would do more harm to the country than good.

Nigeria has a very large stock of human and natural resources that aren’t being used optimally. The conclusion here is that Nigeria still has a long way to go in addressing poverty, as it hasn't even scratched the surface yet, as its members are sinking into poverty, as the day passes.

This research/investigation/story was supported by the US embassy via the ATUPA fellowship by Civic Hive.
http://www.stockmannigeria.com/content-page/opinions/11
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#2
How Nigeria can Tackle Poverty through Cooperative Societies

scfidelis by Stephen Fidelis Business, Cooperative Society 0

Nigeria has grappled with poverty since time immemorial with many citizens living below the poverty level of $2 per day (two US dollars per day). Governments after governments often come up with different strategies to either curb or reduce the increasing poverty levels among Nigerians with little or no success.

Poverty eradication involves creative ways to put money in the hands (or if you like pockets) of citizens, especially those at the bottom of the pyramid. Society is better off when growth and development leaves no one behind while reducing the gap between the haves and the have-nots in a sustainable way.


https://butterflyng.com/how-nigeria-can-...societies/
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