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84 Million Nigerians Living In Poverty Unacceptable To President Tinubu — Finance Minister Wale Edun

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  • Says we will give Nigerians decent work, sustained social protection.
  • N25,000 cash transfer begins.

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, yesterday said the number of Nigerians (84 million) living in poverty is unacceptable to President Bola Ahmed Tinubu

The situation makes ending poverty a priority for the Administration, he added.

The minister hopes the N25,000 conditional cash transfer to 15 million households, which began yesterday, will help address the problem for the most vulnerable in the short term.

President Tinubu launched the Renewed Hope Conditional Cash Transfer initiative at the Presidential Villa.

For three months, 15 million poor households nationwide will receive N25,000 cash support, for which N1.125 trillion has been provided.

It targets over 61 million vulnerable Nigerians and is designed to cushion the petrol subsidy removal pain.

The take-off of the programme coincided with this year’s International Day for the Eradication of Poverty.

Among the initial beneficiaries, who were presented with cheques at the ceremony, were Larai Suleiman, Shuaibu Hassana, Sariki Bala Gamu, Okor Jonah and Hameed Isiaka.

Edun said: “It (the number of poor Nigerians) is totally unacceptable to the President as it is to the rest of us.

“That is why it is perhaps his number one priority to tackle poverty and he has a programme to stabilise and grow the economy in general.”

Nigeria’s population is estimated at over 225 million, according to Worldometer, which provides real-time world statistics.

President Tinubu, represented by the Secretary to the Government of the Federation, Senator George Akume, restated his Administration’s commitment to poverty alleviation.

He said the theme of this year’s poverty eradication day: “Decent work and social protection: Putting dignity in practice for all,” aligns with the Renewed Hope Agenda.

The President said: “Today is a significant day for us in Nigeria and for my administration for it brings with it an opportunity for me to restate my administration’s commitment to poverty alleviation as expressed in my eight-point agenda.

“My government will lead from the front in seeking to ensure that all Nigerians have opportunities decent for dignified work and sustained social protection.

“It is only via a sustained collaborative approach that we can win this war against poverty in Nigeria and the world at large. Hope is here.

“I ask the Nigerian people to please ensure that they key into all the available programmes because they are here to help.

“Our objective is to lift millions of Nigerians out of poverty.

“Yet, this will only be possible with the cooperation of the people we seek to help. Let us continue to work together to achieve our collective goal of eradicating poverty in Nigeria.”

Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, believes it would amount to sitting on a keg of gunpowder to ignore poverty.

According to her, the N75,000, which each household will receive for three months, can form the capital for some small-scale businesses.

She said: “Beyond this, the government will be providing low-cost shelter for the poor and internally displaced persons as a form of providing that cover for them.

“Other interventions, including the rural vocational skills intervention, will be carried out at a mass scale.

“All of these are targeted at the various dimensions of poverty in the country.

“Poverty is that scourge, a hydra-headed cobra in the room that if not tackled, would consume everyone.

“Sitting and ignoring poverty at any level will only seem or equate to sitting on a keg of gunpowder and that’s why today, the president is tackling it headlong.

“We want to encourage Nigerians, the private sector, and development partners that it’s time to step up to the occasion.

“We have a clear-cut roadmap, an action plan for the eradication of poverty. Everyone must key in and be part of it.”

World Bank country representative, Shubham Chaudhuri, stressed that cash transfers are universally accepted.

According to him, the method has proven to be one of the most effective ways to support those impacted by economic shocks or rising living costs.

Chaudhuri said: “This aid is crucial in helping them overcome the initial period during which they might otherwise be compelled to make decisions with long-term consequences.

“For instance, these decisions might include reducing daily meals to just one or withdrawing their children from school.

“The type of cash transfer referred to as ‘shock-responsive cash transfer’ that is currently being implemented is utilised by countries worldwide to offer temporary relief in such situations.”

The President in July ordered the release of grains to 50 million farmers and households.

He also ordered a review of the N8,000 conditional cash transfer programme, which was initially announced by the Administration following the removal of petrol subsidy.

The sum was initially proposed for payment to 12 million poor households for six months.

BIG STORY

Ojude Oba And Awujale, The Movie! 

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In the last few days, I’ve watched the world dot on the picturesque Ojude OBA festival, held on Tuesday, June 18, 2024, three days after the Sallah celebration, being a tradition started over 200 years ago by Oba Adesimbo Atunwase.

Today, that the festival has continued to grow in leaps and, the Ijebu people, no matter how highly placed, permanently leave that day on their calendar, explains their high regard for their monarch, Oba Sikiru Kayode Adetona.

This reverred monarch, despite his age, continued to be involved in the planning of the event each year, getting briefing from his distinguished Ijebu subjects, who served on the committee to make it happen.

Therefore, as we prepare for the premiere of the first ever Awujale biopic, the powerful story of Kabiyesi Kayode Sikiru Adetona in Ijebu, in five locations of Abeokuta, Lagos, London and America, we are more than pleased we did this project, which reveals how couragous and brave the current Awujale is and how important this king is to his people.

Directed by Tunde Laoye, Awujale, the biopic, stars Sola Sobowale, Debo Adebowale, Antar Laniyan, Jide Kosoko, Fred Amata, Yemi Sodimu, Dayo Amusa and Aishat Lawal, to mention a few.

We are excited, and certainly can’t wait.

 

Seun Oloketuyi

Producer

Enquires

08027764847

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BIG STORY

High Court Orders Final Forfeiture Of N12bn Properties Linked To Emefiele

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The final forfeiture of properties worth N12.18 billion linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has been ordered by a Federal high court in Lagos.

The court ordered the final forfeiture of the properties after the Economic and Financial Crimes Commission (EFCC) filed a motion to that effect.

Chukwujekwu Aneke, the judge, had ordered an interim forfeiture of the properties on June 5.

The properties are located in upmarket areas of the federal capital territory (FCT).

Aneke ordered the anti-graft agency to publish the order in a national newspaper, for any interested party to show cause why the final order of forfeiture should not be made.

The properties were listed by the EFCC in two schedules — A and B.

The judge said: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: that a final forfeiture order of this honorable court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A herein which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.

“That a final forfeiture order of this Honourable Court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B herein which properties were traced to have been acquired with proceeds of unlawful activities.”

Emefiele is facing multiple counts of fraud and abuse of office.

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Police Brutalise Daily Times Journalist “For Taking Photos Of Cattle Shepherded By Police” In Kaduna

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Gabriel Idibia, a journalist with the Daily Times, has reportedly been brutalised for “taking pictures of cattle shepherded by police”.

Report has it that Idibia took the pictures along Kachia expressway in Kaduna state, and was subsequently arrested on June 11.

In a statement on Saturday, the Coalition for Whistleblowers Protection and Press Freedom (CWPPF) condemned the arrest, adding that Idibia was carrying out his constitutional duty.

“Mr. Gabriel Idibia in a chat with the Centre for Journalism, Innovation and Development (CJID) confirmed that he was arrested and taken to the Criminal Investigations Department (CID) police station, Gabasawa, while taking pictures of a large herd of cattle being shepherded by the police on Kachia expressway, a usually busy road in the state,” the statement reads.

“He was thereafter taken into custody and brutally beaten up. Mr Idibia insists that the physical torture severely affected his eyes, forcing him to access eye treatment.

“His allegations have been corroborated by media reports and an eyewitness that was arrested along with him.

“Before his arbitrary arrest, Mr Idibia had presented his I.D card to the police officers to identify himself as a journalist trying to cover the blockage of the Kachia expressway by the herd of cattle led by the same policemen.

“He was however denied an audience by the belligerent officers who asked him to leave the scene of the incident for no reason.

“The police officers thereafter seized his mobile phone and identity card when Mr. Idibia tried to take a picture of the road blockage and took him to the Criminal Investigations Department (CID) police station, Gabasawa where he was detained from morning till late in the evening.”

The coalition said Idibia narrated how the policemen forced him to write a statement without access to his lawyers or colleagues.

“On getting to the police station, one of the officers who brought me to the station punched me in the face, and hit one of my eyes, leaving me almost blinded,” the statement quoted Idibia as saying.

Mansir Hassan, spokesperson of the Kaduna police command, said he saw no sign of assault on the journalist.

“He was eventually granted bail on self recognition,” Hassan was quoted as saying.

The coalition asked Kayode Egbetokun, inspector-general of police (IGP), to ensure that a thorough investigation is conducted into the incident.

CWPPF also demanded punishment for any officer found culpable.

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