The Buhari Media Organisation has said that the previous PDP-led governments’ failure to embark on viable social investment programmes forced the Buhari administration to start from the basics by initiating economic policies that empowered millions of Nigerians who are working their way out of “extreme poverty”.
In a statement on Wednesday reacting to comments by former vice president Atiku Abubakar, who accused the present administration of overseeing massive unemployment, BMO noted that while Nigeria has not been spared of high unemployment figures caused by the global recession and the effect of COVID-19, the robust economic measures put in place by the Buhari administration have saved Nigeria from a far worse situation.
“Policies they failed to initiate is what the Buhari administration is initiating now. The productive capacity of primary national demographics is being activated through sustainable empowerment schemes like the Conditional Cash Transfer for rural dwellers and the Urban Cash register through which this government empowers over 50 million people to become self-sustaining,” they said.
“They only succeeded in turning Nigeria into an Okada and Keke NAPEP economy. You cannot fight poverty by sharing tricycles with graduates and youths in their productive age. You need to train young people in entrepreneurship and provide them with investable capital, which is what the Buhari administration has been doing,” they added.
And poverty rate is 42.5%
When I hear that MBuhari’s policies have empowered millions of Nigerians, I begin to wonder if the empowered persons were living outside Nigeria. To the contrary, MBuhari’s policies have made millions of Nigeria very poor.