The Nigerian Economic Summit Group has said the number of Nigerians who live in extreme poverty can be reduced if only the Federal Government can partner states on scaling social investment.
A Senior Fellow, NESG, Tayo Aduloju said scaled social investment and social protection is the way to reduce poverty. He, however, said its future should not be tied to political parties. Aduloju added that to lift Nigeria out of poverty, one must have a broad based growth in non-oil sectors. Adding that China for instance lifted 600 million people out of poverty in 15 years and Indian in 10 years lifted 15 million people out of poverty, “how did they do that? They did it by a combination of social investment and protection of the vulnerable together with massive broad based growth,” he added.
He urged the government to create National programmes without vested interest which may overwhelm the programmes as at the end, there is no positive expectation to repay.
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