How President Buhari Plans to Lift 100 Million Nigerians Out of Poverty
President Buhari, had in a statement issued by his media aide, Garba Shehu, said the reliance on oil had turned a draw back on the economy over the years, with unpredictable and fluctuating global prices that made it more difficult to effectively plan budgets, implement and measure outcomes.
“I wish to restate my commitment that getting 100 million Nigerians out of poverty is realizable. The country is robustly blessed with good weather conditions, good soil, human and material capacity, and a resilience to make a difference by all the hardworking youths.
“We can do it, and we will do it. No excuse will be good enough to remain a mono-economy with all the challenges in oil production and fluctuating global prices when we have vast opportunities in crop and livestock production,’’ he said.
President Buhari noted that a globalized world places more emphasis on competitive edge of the economy for relevance, and Nigeria would always play a leading role in the agricultural sector, with the vastness in experience, crop cultivation, animal husbandry, and more recently, a rising youth interest.
“As the world becomes more globalized, countries will continue to draw from their competitive advantage to remain relevant. My belief, and it is also shared by many Nigerians, is that our country has a special advantage in food and livestock productions that we must harness and promote to feed ourselves, and build a firm structure for export.”
What has the World Bank said on Buharis vision?
According to the Punch, the World Bank Lead Economist in the Middle East and North Africa region’s Poverty Reduction and itEconomic Management Group, Tara Vishwanath, has described the goal of the Nigerian President, Major General Muhammadu Buhari (rtd.), to lift 100 million Nigerians out of poverty in 10 years as ambitious.
Vishwanath said this during a virtual World Bank media discussion on COVID-19 and jobs in Nigeria on Thursday in response to a question by a journalist.
She stated that it was a very ambitious goal, which could only be feasible if certain swift policies were in place to provide opportunities in the labour market and boost investors’ confidence
She said, “My short answer is that it is an ambitious goal. It is an ambitious goal but over a decade, many things can happen.”
She added that while it was good to be ambitious, the policy environment and the opportunities in the labour market were crucial.