How Nigerian Govt Can Lift 100million People Out Of Poverty — Tony Elumelu

June 16, 2019

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How Nigerian Govt Can Lift 100million People Out Of Poverty — Tony Elumelu

Mr. Tony Elumelu, the Founder of the Tony Elumelu Foundation (TEF), on Saturday declared that with the right resolve accompanied by concrete action, Nigerian government could lift 100million people out of poverty.

President Buhari had at the June 12 Democracy Day commemoration in Abuja said that the All Progressive Congress led government can lift out 100 million Nigerians out of poverty in the next 10 years.

Buhari added that despite the positive growth in the economy, his administration “is mapping out policies to ensure that the country’s GDP grows by 2.7 per cent in 2019….With leadership and a sense of purpose, we can lift 100 million Nigerians out of poverty in 10 years,” he had said.

Making his presentation at the convocation on Saturday, Elumelu expressed confidence that Buhari’s commitment to lifting 100 million Nigerians out of poverty “is doable, laudable and possible, even though conceded that it’s quite though ambitious.”

His Words:

“I am sure we took note of President Buhari’s commitment to lifting 100 million Nigerians out of poverty. This is laudable, ambitious, but indeed very possible with the right resolve accompanied by concrete actions.

“To realise this commitment, the federal government need to abolish multiple taxes on small businesses; ease the operating environment for these employment generators by making business registration easier; prioritise training and development and entrench the rule of law.

“The federal government need to create industrial, technology and agric zones for industries to thrive. We all also need peace and security.

“We, the private sector and those with means, should invest in our young ones in a manner that creates social and economic returns, which is the philosophy driving the TEF.”