Vice-President Yemi Osinbajo says
oil revenue earned between 2010 and 2014 was not judiciously used, hence
Nigeria’s status as the country with the highest number of people living in
extreme poverty.
Osinbajo said the federal
government is working on a plan to get Nigeria out of poverty in spite of
limited funds.
The VP disclosed this on
Wednesday at a town hall meeting tagged ‘The Candidates’.
He said the All Progressives
Congress (APC) administration was dealing with poverty in many ways including
monthly payment of N5,000 to the poorest Nigerians, home grown school feeding
programme and Tradermoni, where market women are given N10,000 each to start a business.
“As of 2012 Nigeria had 112
million people living in extreme poverty. Today Nigeria has about 86 million
people who are poor but it is higher than India,” he said.
“From 2010 to 2014 Nigeria earned
the highest revenue in oil. Nigeria earned $383 billion. Poverty figure went
from about 82 million people to about 112 million in 2012. That is the reason
why we have the poverty problem.
“Unfortunately, with all this
money we had poverty was not addressed, nothing was done about it.
“In three years of our own
government $94 billion is what we made from oil revenue compared that to$383
billion, but we started the largest programme to tackle poverty in the history
of this country.”
He said the government was
feeding 9.2 million children daily under the school feeding programme to
address the issue of malnutrition.
He added that no credible
beneficiary could be traced to the Peoples Democratic Party (PDP) SURE-P Fund.
Osinbajo also said the APC is
different from the PDP because the APC manifesto is about social development of
the country.
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