‘30% FG, 70% donors’—Tinubu sets up poverty alleviation trust fund

‘30% FG, 70% donors’—Tinubu sets up poverty alleviation trust fund

 President Bola Tinubu has established a humanitarian and
poverty alleviation trust fund for the country.

 

Betta Edu, the minister of humanitarian affairs and poverty
alleviation, made the announcement on Friday at the sidelines of the 78th
United Nations General Assembly (UNGA) in New York, United States.

 

Edu said 30 percent of the funding is expected to come from
the federal government while the balance of 70 percnet is expected from donor
agencies.

 

According to the minister, the fund would have several
governing caders with a structure that would show accountability and
transparency.

 

 “Thirty percent of
the funding expected in this trust fund will be coming from the government of
Nigeria, and is expected that the rest of this funding comes from other
nations, the United Nations, donor agencies, philanthropic individuals, private
sector, who we want to bring fully into the space amongst other forms of
innovative fundraising,” she said.

 

“The essence is for us to be able to adequately address the
issues which we face on the ground as a matter of urgency.

 

“I’m sure we already know that the president declared a
state of emergency on food security in Nigeria, he equally had a state of
emergency on other things like humanitarian crisis and our ability to provide
durable solutions.”

 

Edu said the government was counting on the support of the
international community and development partners to provide adequate support in
tackling poverty in Nigeria.

 

“And as we make plans to come in and address this need, what
must be key at the back of our minds is providing durable solutions,” she
added.

 

“We must be able to address education for these persons, we
must be able to address their livelihood, we must be able to address their
reintegration back into communities, we must be to address their resettlement,
including the provision of proper shelter for them to stay in.

 

“We must be able to address their GPV needs amongst other
things and we’re counting on your support.”

 

Edu said the number of persons affected by the humanitarian
crisis in the country is expected to rise and asked concerned parties to act
fast.

 

She added that the government is seeking urgent
international support to address human and climate-induced displacement and
poverty in the country.

 

Martin Griffiths, UN under-secretary-general for
humanitarian affairs and emergency relief coordinator, welcomed the initiative,
saying it would take more than the efforts of the government to tackle
humanitarian issues.

Source: ‘30% FG, 70% donors’—Tinubu sets up poverty alleviation trust fund

 - NigerianEye
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