FG Set To Commit N500bn Into Wealth Creation And Poverty Alleviation – Osinbajo
Vice-President Professor Yemi Osinbajo (SAN), has said that the Federal Government is putting the sum of N500 billion into wealth creation and poverty alleviation,
Professor Osinbajo stated this at the question and answer session of the 58th Annual General Conference of the Nigerian Bar Association (NBA).
He said it was in recognition of the menace of poverty that the Federal Government rolled out the National Social Investment Programmes (NSIP) aimed at improving capacity and alleviating poverty.
He explained that the Federal Government targeted 5 million poor people but was hindered by scarce resources.
The vice-president said that 500,000 graduates had been employed under the N-Power which was a part of NSIP for providing jobs to graduates.
He also listed TraderMoni scheme which was a micro-credit scheme aimed at the empowering 2 million petty traders.
According to Professor Osinbajo, one way of checking poverty is to incrementally improve capacity and put money in the hands of the poorest which is what NSIP is doing.
Professor Osinbajo said that there was need for a strong institutions in order to make justice system effective.
He said that the stakeholder should not allow a situation where the administration of justice system became ineffective because if it did, building a moral society would be undermined almost entirely.