• About Us
  • Contact Us
  • Privacy & Policy
Friday, July 18, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Nigeria Steps Up Poverty Reduction with New Social Investment Programs

Martins Nwakaji by Martins Nwakaji
August 20, 2024
in National
Reading Time: 3 mins read
A A
0
Nigeria Steps Up Poverty Reduction with New Social Investment Programs
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

In a concerted effort to fast-track Nigeria’s poverty reduction strategies, Finance Minister Wale Edun chaired a pivotal meeting of the Presidential Panel on the Social Investment Program (SIP) yesterday in Abuja. This meeting is part of President Bola Tinubu’s Renewed Hope Agenda, aimed at addressing the country’s deep-rooted poverty issues.

The session was primarily focused on evaluating the current status of social investment policies and ensuring their effective implementation. A significant portion of the meeting was dedicated to reviewing the progress of the Direct Benefit Transfer (DBT) program, which aims to provide financial assistance directly to Nigeria’s poorest citizens.

The meeting also included the introduction of new members to the National Social Investment Program (NSIP), who are expected to play crucial roles in driving these initiatives forward.

An important part of the discussion involved the Youth Employment Benefits scheme, which has recently seen the introduction of a new draft. This scheme is designed to combat youth unemployment by offering targeted support and creating job opportunities. The draft outlines various strategies and interventions that aim to provide meaningful employment and skill-building opportunities for young Nigerians.

Edun emphasized the need for greater transparency and accountability in the execution of these social investment policies. He highlighted the importance of creating platforms that allow citizens to monitor and verify the progress of these initiatives. Such platforms are intended to ensure that the aid and resources reach those who need them most, preventing mismanagement and ensuring that the objectives of these programs are met effectively.

In addition to discussing these programs, the meeting also reviewed a comprehensive report on the committee’s activities. The report showcased significant achievements in the direct transfer of funds to vulnerable populations, reflecting the impact and effectiveness of the current programs.

Edun expressed optimism that these efforts would lead to substantial improvements in Nigeria’s social investment landscape. He stressed that under his leadership, the Presidential Panel is committed to optimizing programs like the DBT and Youth Employment Benefits scheme. The goal is to uplift the nation’s most vulnerable citizens and make significant strides in poverty alleviation.

In a related development, Adeyemi Adeniran, the statistician-general of the federation and CEO of the National Bureau of Statistics, called for decisive action from stakeholders to combat poverty in Nigeria. Speaking at a technical dialogue on the ‘Operationalisation of the Multidimensional Poverty Index (MPI) as a Policy Tool in Nigeria’ in Abuja, Adeniran pointed out that poverty in Nigeria extends beyond just a lack of income.

It also includes deprivations in health, education, and living standards. The 2022 MPI survey revealed that 133 million Nigerians live in multidimensional poverty, despite the country’s vast resources and growth potential. This statistic underscores the urgency of addressing various facets of poverty to achieve meaningful change.

Tags: nigeria
Martins Nwakaji

Martins Nwakaji

Related Posts

Public Health Alert: NCDC warns of yellow fever, dengue, cholera outbreak as flood risks
National

Public Health Alert: NCDC warns of yellow fever, dengue, cholera outbreak as flood risks

7 hours ago
Tinubu appoints IBB’s son as Chairman, Bank of Agriculture
National

Tinubu appoints IBB’s son as Chairman, Bank of Agriculture

7 hours ago
Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally
Economy

Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally

17 hours ago
Breaking: Momodu resigns from PDP, joins ADC
National

2027: ADC won’t play catch-up to APC — Dele Momodu

17 hours ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Public Health Alert: NCDC warns of yellow fever, dengue, cholera outbreak as flood risks
National

Public Health Alert: NCDC warns of yellow fever, dengue, cholera outbreak as flood risks

7 hours ago
Tinubu appoints IBB’s son as Chairman, Bank of Agriculture
National

Tinubu appoints IBB’s son as Chairman, Bank of Agriculture

7 hours ago
Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally
Economy

Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally

17 hours ago
Breaking: Momodu resigns from PDP, joins ADC
National

2027: ADC won’t play catch-up to APC — Dele Momodu

17 hours ago
NELFUND Disburses ₦73.2bn in Interest-Free Student Loans Across Nigeria
National

NELFUND Disburses ₦73.2bn in Interest-Free Student Loans Across Nigeria

1 day ago
INEC Extends Anambra Voter Registration by Three Days
National

INEC Extends Anambra Voter Registration by Three Days

1 day ago

POLITICS

Breaking: Momodu resigns from PDP, joins ADC

Breaking: Momodu resigns from PDP, joins ADC

2 days ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP

Breaking News: Former vice president Atiku Abubakar resigns from PDP

2 days ago
Kwankwaso asserts refraining from making comments on political events

Kwankwaso Not Leaving NNPP for ADC – Dungurawa Clears the Air

4 days ago
ADC Accuses Tinubu of Plotting to Derail 2027 Momentum Through Courts

ADC Accuses Tinubu of Plotting to Derail 2027 Momentum Through Courts

5 days ago
ADC Questions President Tinubu’s Five-Day Disappearance After 2025 BRICS Summit in Brazil

ADC Questions President Tinubu’s Five-Day Disappearance After 2025 BRICS Summit in Brazil

5 days ago
2027: APC chieftain warns opposition leaders and ADC against reckless statements

2027: APC chieftain warns opposition leaders and ADC against reckless statements

5 days ago

YOUR ECONOMY

Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally
Economy

Nigerian Stock Market Gains N833bn as Dangote, BUA Lead Rally

17 hours ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Marketers kick against Dangote’s plan to crash price of cooking gas

3 days ago
Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

4 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

1 month ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

1 month ago

E & P

Atalanta rejects Inter Milan’s €40m bid for Ademola Lookman
Sports

Atalanta rejects Inter Milan’s €40m bid for Ademola Lookman

by Steven Atogi
17 hours ago
0

Inter Milan has shown interest in signing Nigerian forward, Ademola Lookman from Atalanta. The Serie A club, Atalanta, on Thursday,...

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages

Update: Speed Darlington sues NAPTIP, demands N3billion for alleged damages

2 days ago
Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

Osimhen Asks Napoli to Clear Path for Galatasaray Move – Mustafa Göksu

4 days ago
Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

1 week ago
Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

1 week ago
Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

2 weeks ago

YOUR THOUGHT & HISTORY

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent
Columns

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent

by Odini Brains
3 days ago
El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
2 weeks ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
3 weeks ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
3 weeks ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
5 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Public Health Alert: NCDC warns of yellow fever, dengue, cholera outbreak as flood risks

Public Health Alert: NCDC warns of yellow fever, dengue, cholera outbreak as flood risks

July 18, 2025
Tinubu appoints IBB’s son as Chairman, Bank of Agriculture

Tinubu appoints IBB’s son as Chairman, Bank of Agriculture

July 18, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address