GOVERANCE

Tinubu Approves Creation Of Poverty Alleviation Trust Fund

 

 

President Bola Tinubu has established a Humanitarian and Poverty Alleviation Trust Fund for Nigeria.

The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu announced this at the sidelines of the 78th United Nations General Assembly (UNGA) in New York, United States on Friday.

The Minister said 30 per cent of the funding is expected to come from the federal government of Nigeria while the balance of 70 per cent is expected from donor agencies.

Edu said the fund would have several governing caders with a structure that would show accountability and transparency.

The Minister said, “Thirty per cent of the funding expected in this trust fund will be coming from the government of Nigeria, and is expected that the rest of this funding comes from other nations, the United Nations, donor agencies, philanthropic individuals, private sector, who we want to bring fully into the space amongst other forms of innovative fundraising.

“The essence is for us to be able to adequately address the issues which we face on the ground as a matter of urgency.

“I’m sure we already know that the president declared a state of emergency on food security in Nigeria, he equally had a state of emergency on other things like humanitarian crisis and our ability to provide durable solutions.”

According to the minister, the government was counting on the support of the international community and development partners to provide adequate support in tackling poverty in Nigeria.

Edu said, “And as we make plans to come in and address this need, what must be key at the back of our minds is providing durable solutions.

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“We must be able to address education for these persons, we must be able to address their livelihood, we must be able to address their reintegration back into communities, we must be to address their resettlement, including the provision of proper shelter for them to stay in.

“We must be able to address their GPV needs amongst other things and we’re counting on your support.”

According to her, the number of persons affected by the humanitarian crisis in the country is expected to rise and asked concerned parties to act fast.

The Minister said the government is seeking urgent international support to address human and climate-induced displacement and poverty in the country.

 

 

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