FG, Financial Institutions Partner to Lift 50 million Nigerians out of poverty

Paschal Emeka, Abuja | Posted May 22, 2024

All is set for the for the Federal Government (FG) and some financial institutions to lift 50 million Nigerians out of poverty, from 2024 and 2027.

In the partnership, grants and loans will be released to Nigerians interested in Digital Economy and Creative Enterprise.

The poverty – alleviating partnership was on unveiled to members of Senate Press Corps (SPC), recently, in National Assembly in Abuja by one of the agencies involved, Idea Lab, which specializes in financial inclusion, being a veritable platform used by the Central Bank of Nigeria ( CBN), Bank of Industries ( BOI) among others, for grants and loan disbursement.

Speaking at the interactive session with journalists, the National Coordinator of Idea Lab Agency, Emmanuel Aondoakaa, said Idea Lab was chosen by the FG of Nigeria along with some others, for massive poverty eradication, among Nigerians between now and 2027.

The Idea Lab Agency, according to him, is empowered through the Bank of Industry by the FG of Nigeria to train, prepare and recruit agents and beneficiaries for local and international jobs, export talents and commodities by also providing access to grants, loans, employments, scholarship, among others.

“Its programmes are fully grounded by the FG of Nigeria and World Bank Group with the right technologies to satisfy the desires of Nigerians, especially entrepreneurs in the area of access to finance in the form of grants, loans, employments , scholarships, access to markets and technology transfer initiatives”

He added that some of the innovative technologies used in operating their financial inclusion and intervention programmes for interested Nigerians are Rex Agent Application, Scholarship and Aid Website, Job Gurus Website etc.

He explained further that through the technologies , all the stakeholders in Nigeria and from all over the world , are being aggregated to bring value to Nigerians in fulfilment of the FG mantra of Renewed Hope Initiative of President Bola Tinubu, to lift 50million Nigerians out of poverty by 2027.

“To appreciate the effort of the FG of Nigeria under the leadership of President Bola Tinubu to lift 50 million Nigerians out of poverty, we are passionately appealing for all concerned stakeholders especially BMO forum of MSMEs of Nigeria , Cooperative Societies and the media to join us in this movement .

“Subscribe to these technologies and let us use the block chain embedded in them to create millionaires everywhere through a connected economy,” he said.

Representatives from the CBN, BoI, Federal Ministries of Agriculture, Science and Technology etc, gave goodwill messages.