What should be done by the Nigerian government so that the people can get out of poverty —Taiwo Oyedele

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The Fiscal Policy Partner and Africa Tax Lead of PwC Nigeria, Mr Taiwo Oyedele, advised the Nigerian government to change the current strategy it is using for lifting Nigerians out of poverty.

According to Oyedele, the current government strategy is pushing more people into poverty instead of lifting them out of it.

To lift Nigerians out of poverty, Oyedele said governments at all levels must to channel their resources towards response to poverty measures through bbuilding healthcare centers, schools, and access roads to farms. He said all this should be prioritized building airport and flyover.

Citing data from the National Bureau of Statistics (NBS), he noted that 40.1% of Nigerians or 82.9 million people lived of poverty in 2019, while in 2022 the number increases to 133 million. This is despite the government’s promise of 2015 removal 100 million people out of poverty within 10 years.

Right policies: Oyedele in a Twitter thread reacting to NBS data on Thursday which revealed that 133 million Nigerians are multi-dimensionally poor, said:

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  • The government must change its strategy to lift people out of poverty and not push them into it. There is a need for aappropriate policies to optimize existing resources, improve priority and spending cost efficiency, and provide an enabling environment for people to see a decent LIVING. it should be the main focus of the government.

Lessons from the data: Lessons drawn from NBS data, Oyedele said the next election in Nigeria will be determined by the poor people, many of them,”unfortunately, wdisease be vulnerable to manipulation by politicians.

He added that the data also showed that tthe region where the president or the majority of government appointees come from does not necessarily positively affect the lives of the people.

According to NBS data, 65% of the poor (86 million people) live in the North, while 35% (nearly 47 million) live in the South. Poverty levels in the states vary greatly, with the incidence of multidimensional poverty ranging from a low of 27% in Ondo to a high of 91% in Sokoto.

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