Despite making Nigerians poorer Buhari brag that over $5 billion was spent in 5 years to fight poverty in Nigeria. The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Farouq, has disclosed that the Nigerian Government spent over $5 billion since 2016 till date to fight poverty in the country.
The statement was made known by the National Coordinator of NSIP, Dr Umar Bindir, who represented the minister on Saturday in Yola, the Adamawa state capital at an event. According to the minister, President Muhammadu Buhari since 2016 has backed his pledge to pull 100 million Nigerians out of poverty by committing $1 billion through the National Social Investment Programme to reduce poverty and inequality.
She also supported the data referenced in President Muhammadu Buhari Democracy Day address, which said 7.5 million Nigerians had been pulled out of poverty.
According to her words; “I am happy to report to you that every year since 2016, when NSIP was flagged off, Mr President has approved that $1 billion be invested into that sector every year, when multiplied it amounts to over $ 5 billion,” she said.
Despite, Buhari Government saying it spent $5 billion in 5 years to fight poverty, several report shows that one in every two Nigerians in the country’s labour force is either unemployed or underemployed. However, a report published on August 14, 2020 by Quartz Africa, further stated that; “grim statistics was one of the key highlights of the latest unemployment report published by the Nigerian Bureau of Statistics, which shows the most recent data as of Q2 2020.
“While Nigeria’s unemployment rate has climbed to 27.1% (up from 23.1% in Q3 2018 when the unemployment report was last published), the country’s underemployment rate, which reflects those working less than 40 hours a week, or in jobs that underutilize a person’s skills, time, or education has increased to 28.6%.
“With a labour force of 80.2 million, that means about 21.7 million Nigerians are unemployed, a figure that exceeds the population of about 54 African countries. Young Nigerians aged between 25 and 34, who are among the largest bloc of the labour force are unemployed. The unemployment rate in Nigeria currently stands even higher at 30.7%.
“The report is particularly criticizing the administration of Nigeria President Muhammadu Buhari, who promised during his presidential campaign to deliver economic policies that wil drive growth and create jobs. Unfortunately, he has failed woefully in keeping to his promise. The unemployment rate in Nigeria has tripled since Buhari first took office in May 2015 as Nigeria President.”
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