We need a simple, commonsensical approach to lift Nigerians out of poverty – Osinbajo


By Wisdom Deji-Folutile

The Vice-President of the Federation, Yemi Osinbajo (SAN), has said that the Federal Government’s plan to lift 100 million Nigerians out of poverty in ten years should be based on simple, “commonsensical” strategies.

The VP stated this at the inaugural meeting of the National Poverty Reduction with Growth Strategy Steering Committee held at the Presidential Villa in Abuja on Friday.

Addressing members of the committee, Osinbajo said the government would adopt a different and more effective approach in actualising the objective of eradicating poverty in the country for the sake of delivering results.

Osinbajo said that in order to resolve the issue of poverty in the country in a progressive manner, the Federal Government should take a commonsensical approach.

He said, “I really want us to approach this as much as possible, commonsensical, so that we are able to resolve all the issues and focus on the real progress.

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“I want us to look beyond all of what we are going to be doing, there is going to be a considerable amount of paperwork, but a lot of common sense is what grows economies. It’s what other countries have done, not really reinventing the wheel. So, I want us to focus on those commonsensical things so that we can actually move forward.”

Citing the example of Bangladesh, where a poverty reduction strategy was also implemented, the VP mentioned that utilising the manufacturing sector of the country is key to unravelling poverty.

“Bangladesh actually exports more garments than we export oil,” the VP said. Countries that have managed to get out of poverty have created a lot of jobs through industries, and they have developed intentional strategies. We must look at what others have done, the smart things that other people have done, and adopt.

“We really have to think smartly about how we are funding agriculture. I think we really need to take a deep dive because governments have made several efforts at poverty alleviation but generally speaking, they have not yielded the sort of results they should yield, and I think it’s because there is a lot of focus on documentation and paperwork and very little commonsense approaches,” the VP added.


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