Atiku/Okowa campaign raises alarm over NBS report on 133m Nigerians living in poverty

By Ihesiulo Grace 18 November 2022 104 No comment

By Tunde Opalana

The Peoples Democratic Party (PDP) Presidential Campaign Management Council has expressed shock at the latest report of the National Bureau of Statistics (NBS),

The campaign council described as unacceptable that 63 percent Nigerians are living below poverty line with the present All Progressives Congress (APC) administration of President Muhammadu Buhari completely helpless due to the cluelessness of people assigned to manage the nation’s economy.

The party raised the alarm Thursday in Abuja at a media interaction by the Directorate of Strategic Communications of the Atiku/ Okowa Presidential Campaign Council under the leadership of Chief Dele Momodu.

The Daily Times recalls that the NBS on Thursday announced the number of Nigerians living in poverty stands at over 133 million. The figure represents 63 per cent of the nation’s population.

In the “Nigeria Multidimensional Poverty Index’’ released by the Bureau noted that multidimensional poverty is higher in rural areas, where 72 per cent of people are poor, compared to 42 per cent of people in urban areas.

Approximately, the bureau said, 70 per cent of Nigeria’s population live in rural areas, yet these areas are home to 80 per cent of poor people.

The report, the first poverty index survey published by the statistics bureau since 2010, said that 65 per cent of the poor (86 million people) live in the North, while 35 per cent (nearly 47 million) live in the South.

Poverty levels across states, it added, vary significantly, with the incidence of multidimensional poverty ranging from a low of 27 per cent in Ondo to a high of 91 per cent in Sokoto,” it said.

“In Nigeria, 40.1 per cent of people were poor, based on the 2018/19 national monetary poverty line, and 63 per cent are multidimensionally poor according to the National MPI 2022,” the report said.

Reacting to a question bothering on the level of poverty in the country, a member of the Strategic Communications team and Special Assistant , Public Communication to Atiku Abubakar , Phrank Shaibu said it is unfortunate that poverty has become a legacy yo be left behind by the APC government.

Shuaibu said “Data after data by governmental and non governmental organisations have underlined the fact that the number of Nigerians living in poverty is alarmingly high but this latest report by the National Bureau of Statistics about the multidimensional height of our poverty level calls for concern, more so that, in Buhari’s Nigeria, there have been no convincing measures being taken to indicate that anything concrete is being done about it.

“Included in this troubling reality is that over 23 million youths, mostly educated and potentially productive, are unemployed.

“This development portends only one thing: a threat to the security and stability of the Nigerian nation.

“From the monetary perspective, the Central Bank of Nigeria, whose job it is to check inflation claims that it is doing its best to ensure that the overall prices for goods and services remain low, stable and predictable even as records on the ground point to the contrary.

“Although the Buhari administration claims to be empowering potential investors; big and small so as to improve people’s lives, records show that 54.7 percent of Nigerians are financially excluded due to low level bank penetration in the country, and that beside the 916 Microfinance Banks, the 24 ‘big banks’ have only a little over 6000 branches, mostly concentrated in a few urban centres.

“To worsen matters, the social safety net scheme introduced by the federal government in 2016, to tackle poverty and hunger has not made any significant impact owing to poor implementation, corruption allegation and politicization.

“Only a sensible government will reckon that by redirecting public expenditure away from recurrent expenses and unnecessary consumption back to capital projects, the government can have positive impact on incomes and employment. Such newly-employed individuals can in turn pay their bills, rent and essentials, thus providing income to the farmers, herdsmen, landlords and the like

“Industrial policy, the kind that is encapsulated in Alhaji Atiku Abubakar’s blueprint, is another area to concentrate on. A nation of 200 million people cannot abandon its manufacturing sector in favour of importation.

“We must ensure that most of what we eat, drink, wear or otherwise use on daily basis are locally produced, thereby creating local employment and saving foreign exchange. The current policy thrust may give government additional revenue but it is actually wasting scarce resources and generating more jobs and incomes for foreign countries.

“Even within the industrial sector, more employment opportunities need to be created. The worn excuse that the sector does not generate much employment because it is capital intensive has been discredited by the example of big countries like Russia and Brazil, as well as small ones like Trinidad and Tobago, DailyTimesNGR gathered.

“So far, we seem to focus mainly on what taxes, fees or royalties we can extract rather than developing the upstream and downstream sectors, through the creation of integrated complexes to provide chemicals, plastics and other industrial inputs for our industrial uses and export. The days of simply exporting crude should by now have been over.

“It is for the purpose of departing from Buhari’s legacy of poverty that Atiku’s policy document code-named Unity-SEED, which stands for Unity, Security, Economy, Education and Devolution of power to states and local governments lays emphasis on Promoting diversification and linkages between agriculture, industry and micro and small enterprises.”

The party chieftain said although the People’s Democratic Party (PDP) presidential candidate believes that the oil sector shall remain key to Nigeria’s development as it continues to provide fiscal resources for investment in economic and social infrastructure, his plan is to give priority to the promotion of sustained non-oil sector growth and enhanced linkages between the oil and non-oil sectors.

“In pursuit of a policy of diversification, Atiku shall support the development of a commercially-driven, technology-proficient agriculture which ensures food security and interfaces with the manufacturing sector for the supply of raw materials. The policy document projects increased agricultural output from the current level of N23.85 trillion to about N40 trillion by 2029. This would imply an annual growth in agricultural sector from 4.11% to 10% between 2023 and 2029.

“One thing is clear from what the Wazirin Adamawa brings to the table: that agriculture remains the most viable sector if unemployment and low income are to be properly tackled. This is understandable since agriculture still provides most of our people with their only employment and source of income, and contributes more to GDP than the petroleum sector,” he said.

All said, he added that Nigerians need to concentrate on employing more people in that sector, boosting their production and productivity.