Tag: Poor

  • Nigerians have no business being poor – Obasanjo

    Nigerians have no business being poor – Obasanjo

    Former President Olusegun Obasanjo has said that Nigerians have no business being poor with the country’s vast resources.

    He said that the nation is abundantly blessed but is suffering from the mismanagement of its resources.

    Obasanjo said this at a dinner organised in his honour by Abia Government on Friday at the Government House, Umuahia.

    He said: “Nigerians have no business with poverty because God has given us all that we need.

    “If we are mismanaging what God has given us, we do not have God to blame, we have ourselves to blame.”

    The former president praised the efforts of Gov. Alex Otti of Abia in transforming the state, noting the wide public acclaim of his administration’s performance.

    He affirmed the governor’s impact on governance in the state and urged him to continue to do well.

    Obasanjo added that if Nigeria had 18 governors doing well in their responsibilities as leaders, “we will build the country up”.

    He reiterated his concern in the well-being of Nigerians and the quality of governance they receive.

    “For me, whether you don’t greet me or I greet you and you don’t answer, what is important to me is that the people of this country are getting what they deserve and what they deserve is good governance,” he said.

    Obasanjo recalled an earlier advisory he gave former Minister of Transport, Mr Rotimi Amaechi, during his tenure in office.

    He said  that Amaechi was not aware of a pre-existing national railway development plan and had to be directed to the archives to find it.

    “I believe that even if you don’t like me, if I have pieces of advice to give you, as I did when you were Minister for Transport, I will give the advice.

    “You didn’t know that we had a national plan for railway for this country, to reach every state capital as we have them now and I told you to go into the archives, it is there.

    “But again, I believe as Minister of Transport, you got a bit of it right, you got a bit of it wrong.”

    In his speech, the governor acknowledged the support he received from the  former president.

    He said that the importance of vision and perseverance in leadership could never be overlooked, recounting the challenges he faced over his decade-long political journey.

    “Once you have vision, you have to keep to it. It took us ten years to get here, the two elections we contested from 2015 to 2019, we won clearly but they were all stolen.

    “A lot of people had given up hope and said it wasn’t going to work, but I was sure that I heard clearly from God,” he said.

    He said his administration had embarked on massive reforms in the education sector to improve access to quality education in Abia.

    Also, Amaechi called on political actors in Abia to begin early preparations for the 2027 general elections.

    According to him, the value of a good administration was often only realised after a less competent one takes over.

    He pointed out that this had become the experience with many former leaders, but Obasanjo had  continually stood out because of his visionary leadership style.

    “In your case, no matter who becomes president, you have always stood out,” Amaechi said.

    He described quality leadership as crucial for development and in order not to experience its absence, the people of Abia must support capable leaders like Otti in the next elections.

    “APC and other parties are already mobilising, if we don’t prepare now, we may lose out completely.

    “We must not only protect what we have but also ensure that we come back in 2028 to celebrate true democratic success,” he added.

    In separate speeches, the lawmaker representing Isiala Ngwa North and South Federal Constituency, Chief Ginger Onwusibe and the acting National Secretary of Labour Party, Sen. Darlington Nwokocha, expressed delight in being part of Abia’s success story.

    They thanked  Obasanjo for his continued support for the Otti-led administration and commended the governor for the equitable developmental strides across all local government areas.

  • The revenge of the poor – By Sonnie Ekwowusi

    The revenge of the poor – By Sonnie Ekwowusi

    A few days ago on my street, I gave a woman, an indigenous beggar I think, N200 currency note. She snatched it from me, looked at the money disgustingly, and demanded for more. All entreaties for her to go away were in vain. She refused to go away, insisting I must top up the money. If she had had a gun or a knife at that moment she probably would have used it to her advantage.

    We must be careful these days. The dawn of the revenge of the poor

  • Why I need to increase volume of my wickedness – Rudeboy

    Why I need to increase volume of my wickedness – Rudeboy

    Nigerian singer Paul Okoye, popularly known as Rudeboy  has expressed his shock and annoyance on his Instagram story following an abuse from a woman he had been assisting for some time.

    Rudeboy posted screen grabs of texts he got from the woman, describing her conceit and lack of thank.

    He said that he had helped the mother in the past by paying for her daughter’s blood transfusion.

    The artist expressed his worry about the state of affairs in the nation and emphasised the irony of receiving insults from someone he had backed.

    Rudeboy revealed that the woman, whom he had never seen in person, had called him a horrible person and foretold his demise, signaling to him his impending death.

    The musician apologised for the comments and said he was heartbroken, adding that he would be changing his strategy.

    “The situation in the country is getting worse, even someone I have never met but constantly helping this person, Omoh!! The person just insulted me today, called me a wicked person, that I will die and leave all my money. Reminded me that I was one’s a poor man”.

    “E pain me Sha

    “I need to increase the volume of my wickedness”

  • See reasons RCCG Pastor gave for poverty among Christians

    See reasons RCCG Pastor gave for poverty among Christians

    A Pastor of the Redeemed Christian Church of God (RCCG), Solomon Bello, on Wednesday gave reasons behind poverty within some Christian communities and the steps to take to escape poverty.

    Bello said this while delivering the lead paper at the Business Summit of the Redeemers Men’s Fellowship of the LP71, Divine Connection Zone.

    The summit had the theme: ‘For Christians Not Be Poor, To Avoid Conflicts And Financial Crises’.

    Bello, Pastor in Charge of Lagos province 71 (LP71), described prosperity as “a birthright of Christians while poverty is a curse”.

    The cleric, said, “Poverty is not for any true child of God. As long as men continue to sin against God, they will continue to struggle.”

    Bello, who is also a lecturer at the University of Lagos, listed the major factors that brought about poverty as sin, laziness, curses, ingratitude, devourer, extravagance, and procrastination.

    “Cursed and blessings are the results of the obedience or lack of it on the part of a man.

    The Bible informs us that poverty is a curse. It was the resultant effect of man’s separation from God in the Garden of Eden.

    “As long as men continue to sin against God, they will continue to struggle. It takes two to succeed, you and God,” he added.

    On gratitude and obedience, Bello said that any Christian who knew how to obey and show appreciation to God was destined for great heights.

    “An ungrateful man cannot go far in life. Gratitude will open the doors of breakthrough and success to you at any time. Appreciation of God’s goodness leads to an appreciation of your blessings and worth before God and man.

    “Appreciation of God leads to success in life. It is the shortest cut to victory. If you want the heavens to be opened for you, if you want to be made whole, then you must be ready to appreciate Him. When you return to give glory to God.

    “He will return to make your life worth living. Divine upliftment comes in the place of gratitude.

    “Every disobedience has a retribution attached to it. When you obey the commands of God, blessings follow after, but when a man disobey, the blessings are withheld,” he said.

    Bello, who warned against habit of procrastination, added that devourers had also been assigned against people who do not pay their tithes.

    On the route to prosperity, the cleric listed 11 steps which include: wisdom, diligence, labour, mystery of giving, the way of thinking, anointing, obedience, natural gifts and endowments, blessing of right placement, praises, and breakthrough by the blood.

    “The road to prosperity is a straight one if you can only understand it. God has already made every provision for comfort and upliftment.

    “There are certain things you can do to unlock the heavens for yourself and your family,” he said

    In his welcome address, Mr Segun Adeleye, Coordinator, Redeemers Men’s Fellowship, Divine Connection Zone, said the theme of summit came from the consciousness that Christians in the country were not where they were supposed to be.

    Adeleye said, “Christians are crawling when they are supposed to be flying.

    “It is strange that some people don’t know that they are poor as long as they can afford one fairly used car and struggle to put food on the table.

    “But Philippians 4:19 says, “And my God will supply all your needs according to His riches in glory in Christ Jesus. Do we bother to ask what God’s riches are?

    “According to Haggai 2:8 ‘The silver is Mine, and the gold is Mine,’ says the LORD of hosts.

    “If the silver and gold belong to God, then the logic should be that we His children should not be poor, but very rich. We can only be poor if there are things we don’t know, like where God is keeping all the wealth.”

    He said Christians could not claim to be rich in Nigeria when the rich people in the country were from a different faith, while the rulers of the country and heads of all the most important institutions were from a different faith.

    “One thing is clear, our destiny is hidden. It’s deliberate. We were born to seek and find out what we don’t know. We should be interested in knowing why we are here. We must be ready to learn,” Adeleye said.

    The panel discussion session of the summit was moderated by Mr Babatunde Awe, who discussed “Business Opportunities to Achieve Financial Freedom.”

    The panelists included Pastor Otokiti Williams, Mr Durosanya Oluwatosin, Mrs Iyabode Alayaki, Mr Abiodun Olayinka and Mrs Sofola Susan.

  • I still wonder why Nigerians accepted me despite being poor – Buhari

    I still wonder why Nigerians accepted me despite being poor – Buhari

    President Muhammadu Buhari on Tuesday said the owewhelming support and acceptance he received from Nigerians during the 2015 and 2019 electioneering period still beats his imagination despite not being as rich as other politicians.

    The president also Nigeria is still a lucky country despite the challenges that could have torn the nation apart.

    He stated this in Abuja while receiving the report of the National Security Summit held on May 26, 2021, by the House of Representatives. The report was submitted by a team of House members, led by the Speaker, Femi Gbajabiamila.

    Buhari used the opportunity to ask leaders to respect the people, from the lowest to the highest, “so that it becomes a duty to them (the people) to pay back to the leadership.”

    Respect for the people, according to him, should come in allowing them “to choose who they like as their leaders, irrespective of political party or religion.”

    He restated his determination to serve the country to the best of his ability, recalling his visits to the 36 States during the campaign for the 2019 elections.

    “The number of people that turned out to see me, some waiting for 10 hours in the sun, was more than anyone could buy, or force,” Buhari said.

    “They just wanted to see who this Buhari was. People wonder why Nigerians accept me, despite not being rich. I wonder, too. I felt I just have to serve Nigeria and Nigerians to the best of my ability.”

    Commending the 9th National Assembly for its cooperation with the Executive, he said he tried very hard to get the 8th Assembly to do same for the sake of the country, “and I didn’t succeed much. But time has proved me right.”

    In his remarks, Gbajabiamila thanked the President for endorsing the security summit conducted by the House, adding: “You were part of it from the very beginning, and you were to have declared it open, if not for the exigencies of duty.”

    The Speaker said the summit became imperative after lawmakers were bombarded daily by their constituents on the security challenges facing the country, “and motions after motions were moved by the lawmakers.”

    A committee of 50 lawmakers, across party, religious and ethnic lines, he said, was set up to plan the summit, “and Mr President was very eager and enthusiastic about it, showing the importance you place on security.”

    Gbajabiamila said the report was a product of inputs by traditional rulers, scholars, independent thinkers, and security chiefs, noting that it contains seven recommendations that require legislative action, and about 19 that will be implemented by the Executive.

    He added, “Thank you Mr President for what you have done so far to douse tension and for Nigeria to remain one. It’s about all of us, not just the Executive, the legislature or the judiciary. And Nigeria will work, by the grace of God.”

  • Anti-graft war: FG protests as Nigerian CSO rates Buhari’s administration poor

    Anti-graft war: FG protests as Nigerian CSO rates Buhari’s administration poor

    The Minister of Information and Culture, Alhaji Lai Mohammed, has rejected the assessment of Bubari administration by Civil Society Legislative Advocacy Centre (CISLAC).

    Reacting to the current rating by CISLAC, Mohammed described it as unfair and unacceptable.

    CISLAC, a non-governmental organisation, had on March 23 in Abuja addressed a press briefing where it allegedly accused the President Muhammadu Buhari-led administration of lack of transparency in the recovery of stolen assets.

    However, fielding questions from State House correspondents in Abuja on Wednesday, the minister dismissed CISLAC’s accusation, saying the assessment is not truly a reflection of the realities on ground.

    He said: “I think that I’m aware of that particular rating which was not quite flattering to Nigeria, but our position, which I’ve declared before is that that rating does not truly reflect the great strides that the administration has made in the area of fighting corruption.

    “The government has put in place various reforms in fighting corruption, but some of these reforms will take time to yield the desired results because the matrix used by TI is not just about grafts alone.

    “It includes how transparent or how opaque the services are and you’ll find out that when we scored in the 2018, 2019 transparency reports, we realised that we scored very low in the area of ease of doing business in particular.’’

    The minister stated that the Federal Government had embarked on various reforms aimed at tackling cases of corrupt practices in both private and public sectors of the economy to improve the country’s rating by the Transparency International (TI).

    “That is why the federal government embarked on reforms, especially at the seaports, because that is one area where we scored very low.

    “You will see that in recent times, we’ve embarked on numerous reforms at our seaports so that our rating will improve.

    “For instance, we realised that following the release of 2019 TI corruption perception index, we initiated reforms to improve on ease of doing business indices.

    “This is because we found that up to 40 per cent of the country’s corruption perception survey indices related to business, process and general public service delivery.

    “So, that is why we are concentrating on the ease of doing business, making sure that people can get to the ports, clear the goods in good time and by the time some of these forms start yielding fruits, I’m sure that perception will improve,’’ he added.

    Mohammed further disclosed that the federal government had put in place preventive mechanism to check corruption rather than prosecution.

    He said: “We believe that it’s more important to put in place preventive mechanism rather than prosecution and this preventive mechanism that we’ve put in place include the programme launched by the ICPC, which is what they called the National Ethics Policy.’’

    According to him, this policy addresses integrity issues in all sectors of the polity and is directly linked to the pillar of national anti-corruption strategy.

    He revealed that the Code of Conduct Bureau had also put in place some preventive measures, especially in the area of energising the code of conduct for public officers

    Mohammed disclosed that the Council for Ease of Doing Business recently launched the Nigerian Ports Process manual meant to help people doing business at the nation ports.

    “In addition, we actually also analysed the process that the TI used in the rating that was used recently and we found quite a few discrepancies in the rating process, including some data sources in which Nigeria’s course has remained flat over the past 10 years.

    “What we said is that we take this ratings seriously, so we actually went and analysed the ratings and we found that there’ve been some gaps.

    “It’s either we’ve not flooded enough data or they have not revised all data because we found it strange that the country’s rating in certain areas has remained the same for a period of 10 years.

    “We are taking the media measures so that they can get this data in respect of these sectors because we believe that it’s not possible for you not to improve, for you not to lose points for 10 years. So there’s a bit of discrepancy there,’’ he said.

  • The corona vaccine wars: The poor will die first – Owei Lakemfa

    By Owei Lakemfa

    UNITED Kingdom, the small but mighty country which has the history of invading 178 or 90 per-cent of the countries on earth, has taken on the European Union, EU, in a COVID-19 vaccines war.

    The war which is the first of expected post-Brexit wars, is on account of the former’s voracious nature and age-long tendency to acquire far more than it can possibly need.

     

    The UK with a population of 67,886,011 or 0.87 per-cent of total world population, has turned itself into a world coronavirus vaccine super power by mopping up vaccines around the world. It acquired 100 million of the vaccines from the British-based AstraZeneca company, another 100 million from the French Valneva, 40 million from Pfizer, 17 million from the American Mordena and 60 million doses from another American producer, Novavax. It also placed orders for 30 million of the vaccines from Janssen, a subsidiary of Johnson & Johnson and 60 million from GSK/Sanofi making it a total 407 million COVID-19 vaccines for its less than 68 million citizens.

     

    Given its own needs, the knowledge that Britain has far more vaccines in excess of its immediate and future needs, and the announcement by Astrazeneca that it would cut vaccine deliveries to Europe before the end of March from 80 million to 31 million, the EU asked that tens of millions of COVID-19 vaccine doses earmarked for Britain be diverted to Europe to meet its shortfall in deliveries. This shortfall was already snowballing into a political crisis in the EU with some members like Hungary threatening to break ranks by going on their own to shop for vaccines.

     

    Today, we face two basic facts. First, with massive vaccination in rich countries, the poor around the world are likely to die of COVID-19 first. But the second truth is that so long as COVID-19 continues its rampage in the world, the rich will also be infected or re-infected and die later. No country in the world will be safe from COVID-19 unless all countries are safe.

     

    Although the EU’s order with AstraZeneca came three months after the British, the Europeans felt in the circumstances they found themselves, Britain should accommodate their needs. The EU Commissioner for Health and Food Security, Stella Kyriakides, a Cypriot, argued: “We reject the logic of ‘first come, first served’ – that may work at the neighborhood butchers but not in contracts.”

     

    However, Britain refused. A British senior Minister, Michael Gove said: “I think we need to make sure that the vaccine supply that has been bought and paid for, procured for those in the UK, is delivered…Our priority has to be making sure that the people in our country who are vulnerable and who have been targeted for vaccination, receive those jabs in those arms.”

     

    In retaliation, some EU lawmakers threatened to stop some of the 40 million British orders for Pfizer vaccines produced in Belgium. They are also considering a review of the open border agreement between the EU and Northern Ireland (part of the UK) which provides for no controls on exported products.

     

    But the EU-UK vaccines ‘war’ is like a siblings spat. The real wars are between the rich or developed countries and the poor or underdeveloped countries. The World Health Organisation, WHO, estimates that 95 per cent of the COVID-19 vaccines available are in the hands of ten rich and powerful countries. Out of the world’s 29 poorest countries, only Guinea in West Africa has witnessed some token vaccination; only 55 persons in a population of more than 12 million!

    Seychelles with a population of about 100,000 on January 10, was the first African country to begin the vaccination of its populace. Morocco followed ten days later, having received two million doses of AstraZeneca vaccines. Rwanda with a population of 12 million, was the first East African country to administer the vaccine having acquired 1,000 doses of the Moderna vaccine.

    Zimbabwe has joined South Africa in the South Region in vaccination after receiving 200,000 Sinopharm vaccines donated by China. Additionally, it purchased 600,000 doses of the Sinopharm vaccines due for delivery in early March. But it has a population of 16.4 million which means it requires millions of more vaccines. Zimbabwe wants to buy 20 million doses at $100 million to immunise 60 per-cent of its population. That is $5 per vaccine. In contrast, Senegal wants to buy 200,000 doses of the Sinopharm COVID-19 vaccine at $3.7 million. That is $18.5 per jab.

     

    The rich-poor divide is best reflected in European and African countries. For instance, where the UK has access to 407 million COVID-19 vaccines for its 68 million people and has vaccinated 15 million of its citizens, Nigeria, the largest Black nation in the world with a population of over 200 million persons, has zero vaccines and no vaccination. The handful of Nigerians that might have been vaccinated did so abroad with some traveling to Dubai for the jab.

     

    In fact, as at this week, only seven of the 55 countries in Africa have received vaccines, some of them, as shown in the case of Guinea, are in tiny experimental numbers. Perhaps the African countries are waiting for the promises of the African Union which says it is procuring 670 million doses for the continent.

     

    But the situation of the poor countries is different from those on whom powerful countries imposed unilateral sanctions to the extent of denying them basic drugs to fight COVID-19. This is the case of American sanctions against countries like Iran and Venezuela. Yet, this category of countries are different from poor and powerless countries which are at war and for whom even the provision of free vaccines may not lead to vaccination.

     

    Ironically, the UK which is involved in COVID-19 vaccine imperialism and is actively involved or is a major instigator in the unending wars in Syria, Libya, Afghanistan, and Yemen, is presenting itself as the leading crusader to vaccinate people in those countries. Its Foreign Secretary Dominic Raab said: “Global vaccination coverage is essential to beating coronavirus …We have a moral duty to act, and a strategic necessity to come together to defeat this virus.” Perhaps the UK and other countries hoarding the vaccines want to release some to the war-torn countries.

     

    But the essential step is for the powerful countries to end these needless wars which will directly save lives. Secondly, they can open the warehouses where they are hoarding the vaccines and allow them to flow through the world. Thirdly, they can allow generic production of the vaccines just as it happened to the AIDS/HIV retroviral drugs. This will not only lead to crashing the prices of the vaccines but would also encourage mass production across the universe.

     

    Today, we face two basic facts. First, with massive vaccination in rich countries, the poor around the world are likely to die of COVID-19 first. But the second truth is that so long as COVID-19 continues its rampage in the world, the rich will also be infected or re-infected and die later. No country in the world will be safe from COVID-19 unless all countries are safe.

     

  • FG disburses N6bn to poor households

    FG disburses N6bn to poor households

    The Federal Government on Tuesday said it has disbursed over N6billion to poor households in six out of the 14 local government areas of Zamfara State.

    The disbursement was done under the federal government Conditional Cash Transfer (CCT) scheme in 2020.

    Speaking during the flag off of Grant for Rural Women Project, on Tuesday in Gusau, Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar-Faruk said the CCT which commenced in 2016, is designed to deliver timely and accessible cash transfers to beneficiary households.

    “CCT is set to support development objectives, priorities and to achieve improvement in health and nutrition, school o and retention, environmental sanitation and empowerment among others,” NAN reports.

    Umar-Faruk maintained that a total of 130,000 beneficiaries from Anka, Bungudu, Birnin Magaji, Kaura Namoda, Tsafe, and Talata Mafara local government areas received between N30,000 to N80,000.

    This she said, is according to the dates each beneficiary was enrolled into the programme.

  • 82.9 million Nigerians are poor – NBS

    The National Bureau of Statistics (NBS) says more than 82.9 million Nigerians are poor by national standards.

    The NBS made this known in its report on Poverty and Inequality in Nigeria 2019, released on Monday.

    It explained that the figure showed that 40.1 per cent of total population were classified as poor, adding that in other words, an average four out of 10 individuals in Nigeria had real per capita expenditures below N137,430.00 per year.

    This means monthly income of an individual in this category is less than N11,500 while income per day is N38.00

    The report indicated that Sokoto, Taraba, Jigawa, Ebonyi, Zamfara, Yobe and Adamawa top the poorest states in the country.

    The NBS said Sokoto State had 87.73 per cent poverty head count rate followed by Taraba with 87.73 per cent, then Jigawa which has 87.02 per cent and Ebonyi with 79.76 per cent.

    It disclosed that Lagos, Delta, Osun, Ogun, Oyo, Edo and Anambra States had the least in terms of poverty level.

    According to the bureau, Lagos State has 4.50 per cent poverty head count rate and it is been trailed by Delta with 6.02 per cent followed by Osun State with 8.52 per cent.

    The report indicated that after Osun, Ogun was next with 9.32 per cent, while Oyo has 9.83 and Edo has 11.99 per cent as well as Anambra with 14.78 per cent.

  • Proposed 7.5% VAT not targeted at poor Nigerians – FG

    Proposed 7.5% VAT not targeted at poor Nigerians – FG

    Nigerians have been informed by the federal government that the proposed hike of the Value Added Tax (VAT) next year will not affect the poor as being feared by many.

    Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said this on Monday at the opening of the 25th Nigerian Economic Summit (NES#25) taking place at Transcorp Hilton Hotel, Abuja.

    She said at the yearly gathering that the raising of VAT to 7.5 percent from the present 5 percent would affect the wealthy in the society more than the poor in the country.

    “The proposed VAT increase is likely to impact more on consumption by the urban communities and the wealthier sections of the population, than on the poor,” Mrs Ahmed said at the event, which was declared open by President Muhammadu Buhari.

    The Minister said the 7.5 percent VAT increase proposal was in line with the recommendations of the Presidential Committee on the Funding Options for the Minimum Wage Increase.

    According to her, “This administration remains committed to increasing finance for investment health and education, to improve our human capital development indices.”

    “However, our target is also to increase funding for capital expenditure such that this constitutes at least 30 percent of federal budgeted expenditures. Given these aspirations, the government has been compelled to review our fiscal policies including the proposed VAT rate increase,” she declared.

    She noted that Nigeria’s VAT as a share of Gross Domestic Product (GDP) has declined in the last four years (2015 – 2018), adding that the present level was below the median of 5 percent of GDP in other comparable African countries.

    She attributed Nigeria’s low VAT-to-GDP to the low nominal VAT rate, which at 5 percent is the lowest in the African region (which averages at about 16 percent).

    Speaking on theme of this year’s summit, Nigeria 2050: Shifting Gears, the Minister emphasised the imperatives for the country to move to a more robust competitive private sector economy with focus on the implications of the projected population of the country hitting over 400 million, making Nigeria the third most populous country in the world by 2050.

    According to her, the structure of this population shows that majority will be under the age of 35, representing a large percentage of Africa’s young working-age population. The opportunities are endless, as are the risks, however, if we do not accelerate our efforts towards sustainable and inclusive growth, and improved human capital.

    Based on these, the Minister said, “​There is an urgent need to design policies that will not only address the rising population but ensure paradigm shift to a competitive private sector led economic growth and development.”

    “The agenda for this summit is therefore, to provide strategic and innovative ways of getting the maximum benefits from the expected demographic dividends,” she further declared.

    Mrs Ahmed noted that as you are aware, the summit organised by the Federal Ministry of Finance, Budget and National Planning and the Nigeria Economic Summit Group has indeed remained the foremost platform for the public and private sector stakeholders to discuss issues and challenges facing the nation with a view to evolving common strategy and policy frameworks for addressing them.

    “This summit, though a celebration of 25 years of its commencement, is a testament to a successful partnership between the public and private sectors.

    “​These 25 years of collaborative engagement has helped in shaping the policies of government. Let me briefly state that past summit outcomes have contributed to policies on Power sector reforms, Agriculture sector reform, and the Pension Reform among others,” she said.

    Meanwhile, the Minister said she sees a future where the majority of Nigerians have been sustainably lifted out of poverty, and have access to fundamental services including education, health care, water supply and sanitation. A future where all are financially included, with affordable access to financial products and services. A future where no one is left behind.

    “​I see a future Nigeria with a thriving and booming private sector led economy that can translate into domestic revenues for governments to reinvest in sustainable growth levers.

    “​I see a future where our young and vibrant population is well educated (particularly in STEAM [Science, Technology, Engineering, the Arts and Mathematics] education) – creating a workforce with the skills that well position our youth to be gainfully employed. This includes high value digital jobs that will not only tap into but also drive the limitless global digital economy.

    “​I see an advanced high-tech manufacturing sector that is globally competitive, and can ensure value addition for our natural endowments in raw materials.

    “I see a safe and secure environment where people and businesses move freely and fearlessly to go about their trade, work and other daily activities.

    “​This future we crave for will not be created by luck, neither will it be created by the Federal Government nor by State Governments alone. It will require collective action by all stakeholders including citizens and the private sector.

    “As we all know the private sector has a crucial role to play. This future will require comprehensive targeted reforms, tough decisions, a radical shift in the current culture, including attitudes towards taxes and public finance. Just as the saying goes ‘no pain no gain’- I must say, the journey will be a painstakingly tough and will require sacrifices on all sides- including Government, the private sector, citizens and other stakeholders,” the Minister stated.

    Speaking further, Mrs Ahmed said the future requires huge financial investments on multi-faceted physical and social areas by both the federal, state and local governments to be able to provide quality, useful, accessible and affordable education, healthcare, transportation, housing, electricity, water.

    “Additionally, we must be in a position to provide digital connectivity and innovation, and rise above the tide of disruption that the Fourth Industrial Revolution will bring.

    “​The outputs of this 25th Anniversary Summit will be critical as we work towards co-creating the Nigeria we envision and we deserve. They will aid Government in developing and implementing the next generation of National Plans, and towards implementing policies and programmes,” she said.

    Concluding, the Minister said, “As representatives of government, the private sector, civil society, and most importantly as Nigerians, [we must] join hands to co-create a future Nigeria in which: (a) no one is left behind; (b) growth is not only competitive but is also inclusive and sustainable; (c) and in which we as the Giant of Africa will lead the way in terms of innovation, industrialization, and human capital on the continent and beyond.”