61.3% Of Nigerians Still Poor, Says 2016 UNDP Report | Independent Newspapers Limited
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61.3% Of Nigerians Still Poor, Says 2016 UNDP Report

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Posted: May 13, 2016 at 7:49 pm   /   by   /   comments (0)
 
The United Nations Development Programmes (UNDP), on Friday released the 2016 National Human Development Report, which it says shows that unchecked human security parameters pose serious threats to human development in Nigeria.
The report launched at a ceremony chaired by Senator Udoma Udo-Udoma, Minister, Budget and National Planning, and attended by Ambassadors and High Commissioners accredited to Nigeria, said despite the robust economic growth recorded by the country between 2010 and 2014, “an estimated 61.3 per cent of Nigerians are classified as poor with 48.8 per cent of them classified as multi-dimensionally poor.”
Speaking during the launch, Senator Udo-Udoma however assured that the administration is optimistic that the 2016 budget would be effectively implemented to address areas of human security and human development indicators in Nigeria.
“As you know, our 2016 Federal Government Budget of Change aims principally at relating and repositioning the Nigerian economy and addressing the challenges that have placed millions of Nigerians in positions of lack, deprivation and low human security levels,” he said.
The minister said the Federal Government has allocated N500 billion as Victims Support Fund and Special Intervention Fund to improve quality of life of Nigeria, stressing  that the findings contained in the report “lay a strong foundation for not only addressing poverty, reducing unemployment and inequalities, but also rebuilding communities and regions that have been adversely affected by insecurity.”