If We Spend 1trn On Poor Nigerians, We Have Eradicated Poverty- Osinbajo

The Vice President, Yemi Osinbajo has given an insight on how poverty can be eradicated in the country.

Yesterday, while speaking at the 9th Presidential Quarterly Business Forum at the Old Banquet Hall, Presidential Villa, Abuja, Osinbanjo said if the government can spend one trillion Naira on very poor people, it will go a long way in alleviating poverty and make things better for Nigerians.


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According to the Vice President, the government was working through the Presidential Enabling Business Environment Council, PEBEC, to improve the business environment.

Recall that it was earlier reported that the Federal Government recently launched TraderMoni as a means to help small traders and poor Nigerians through the Bank of Industry (BoI) and Government Enterprise and Empowerment Programme (GEEP). The initiative provides traders with access to 10,000 as a start.

Furthermore, Osinbajo said the MSME clinics carried out across the country had recorded great successes and that he personally attended 18 of the 20 clinics so far carried in 20 states.

In his words, “If we spend N1 trillion to bail out the poor in this country every year, we will make a massive difference.”

Speaking on job creation, the vice president said it is the government’s priority, adding that the best way to achieve this is to ensure an enabling environment for the private sector to thrive.

Finally Osinbajo noted that the National Agency for Food Drug Administration And Control (NAFDAC) and Corporate Affairs Commission (CAC) were among government agencies improving on the ease of doing business in the country.

The post If We Spend 1trn On Poor Nigerians, We Have Eradicated Poverty- Osinbajo appeared first on Happenings In Nigeria.

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