Nigeria’s Vice President Yemi Osinbajo has said that about 110 million Nigerians are living in poverty, stressing that two-tenth of that figure were in extreme poverty.
Osinbajo made the revelation while speaking at an event hosted by the president of Ghana, Mr. John Mahama, on Africa and Sustainable Development Goals on the sidelines of the African Union meeting in Kigali, Rwanda on Saturday, July 16, 2016.
“In Nigeria, in the current budget cycle, we have the largest social protection programme in the history of the country. It’s a N500bn programme,” Osinbajo said.
“Basically, we are looking at lifting many out of poverty, of course many are familiar with the size of the Nigerian state and we have close to hundred and ten million people who are poor and about two-tenth are in extreme poverty.
“In determining who the poorest is, we had problems on that, but we have very good assistance from the World Bank and the Bill Gates Foundation. They helped in trying to map the really poor.
“We had to get inside the communities looking for the poorest of the poor with the small sum of money which is about N5000 (about $25), which is a sum of money that would be given to the poorest every month, which may enable them feed themselves and find something that they may do and on the condition that they send their children to school and participate in immunisation.