Vice-President Yemi Osinbajo has unveiled an ambitious federal policy to lift 20 million Nigerians out of poverty in the next two years.
Mr Osibanjo flagged off the administration’s Economic Sustainability Plan’s (ESP) in Abuja on Tuesday. He said a wholly technology-based approach called the Rapid Response Register (RRR) would facilitate the cash transfer scheme.
Mr Osinbajo’s spokesman Laolu Akande said in a statement that the successful activation of RRR would enable the government to achieve a social security programme for at least 20 million Nigerians to be lifted out of poverty.
“The groundbreaking success of the RRR now emboldens us to achieve our aspiration of a social security programme for a minimum of twenty million Nigerians in the next two years. The statement said, “this is the largest of its kind on the continent”.
The statement said the government has been seeking funding for the project. Yet, the country deserves a social security scheme that will alleviate poverty and create wealth for citizens.
“The constraints, of course, is the funding which we must look for because this country deserves a social security scheme that will not merely alleviate poverty but also create wealth for the millions of those who are waiting for this opportunity,” he said.
The government also plans to give N5,000 monthly to at least one million households in the country, through the cash transfer scheme for six months.
Source: Today. ng