Abuja, Oct. 24, 2023: The Federal Executive Council (FEC) has approved the establishment of the Humanitarian and Poverty Alleviation Trust Fund to raise 5 billion dollars annually.<\/p>\n\n\n\n
The Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, disclosed this while briefing State House Correspondents on the outcome of the FEC meeting, held on Monday, at the Presidential Villa, Abuja.<\/p>\n\n\n\n
Edu said \u201d every year we hope to be able to raise at least 5 billion dollars within this fund and this is from the various fund and sources.<\/p>\n\n\n\n
\u201cWe are hopeful that with the creation of this funding, we can sit down with all the key stakeholders including other ministries and actually work out the full modalities of implementation in Nigeria\u201d.<\/p>\n\n\n\n
The minister expressed gratitude to President Bola Tinubu for the approval for the creation of the Humanitarian and Poverty Alleviation Trust Fund.<\/p>\n\n\n\n
\u201d The council approved for the establishment of the Humanitarian and Poverty Alleviation Trust fund to actually be put together under a governing board.<\/p>\n\n\n\n
\u201cAnd then of course, the implementation of that humanitarian and poverty trust fund, would be carefully worked out by members of the committee.<\/p>\n\n\n\n
\u201d Of course, it will involve the Minister of Finance and other ministers that are relevant to the process. This is a flexible form of financing that is supposed to help Nigeria adequately respond to humanitarian crisis.<\/p>\n\n\n\n
\u201cThis will also respond to challenges as well as adequately address the issue of poverty in Nigeria and bring victory for the poor and indeed, bring help and succor which the Renewed Hope Agenda stands for,\u201d she said.<\/p>\n\n\n\n
Edu further said that the fund was a flexible form of financing that could help the government get contributions from different sectors.<\/p>\n\n\n\n
She added that the fund would get contributions from the government, private sector, development partners, philanthropic individuals and other innovative form of funding.<\/p>\n\n\n\n
\u201d This is to allow for emergency response to humanitarian crisis in Nigeria. Every other day we hear about crisis, the flood and the rest of it. So we need to be able to respond adequately as a country.<\/p>\n\n\n\n
\u201d Beyond this, the issue of poverty reduction is one of the agenda of the President Bola Tinubu in his eight point agenda and we have to tackle it headlong,\u201d she said<\/p>\n\n\n\n
The minister also revealed that the FEC has ratified the protocol on the protection of the rights of older persons in the country.<\/p>\n\n\n\n
\u201d The Federal Executive Council, where the chairman of Council and members of council took decisions to ratify the protocol on the protection of the rights of older persons in Nigeria.<\/p>\n\n\n\n
\u201d We have signed up to the African Charter and this has made us one of the countries within Africa that has approved that older people be protected and should not be discriminated against at any level.<\/p>\n\n\n\n
\u201d And this gives them a lot of protection and the government of President Bola Tinubu is interested in their welfare and protecting their rights,\u201d the minister said.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Abuja, Oct. 24, 2023: The Federal Executive Council (FEC) has approved the establishment of the Humanitarian and Poverty Alleviation Trust Fund to raise 5 billion dollars annually. The Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, disclosed this while briefing State House Correspondents on the outcome of the FEC meeting, held on Monday, […]<\/p>\n","protected":false},"author":2,"featured_media":19164,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[88],"class_list":["post-53718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-poverty","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n