By Seun Adams
President Muhmmadu Buhari, has tasked the newly constituted Economic Advisory Council (EAC), to set targets and policy that will lift 100 million Nigerians out of poverty within the next 10 years.
Charging the Council at a recent meeting at the Villa on Wednesday, he said: “We have set ourselves the task of kick-starting policies and programmes which will lift 100 million Nigerians out of poverty in 10 years.
“You are therefore required to coordinate and synthesize ideas and efforts from the various employment generating agencies of government and come out with answers about the best way forward.
“I am told you worked throughout last weekend in preparation for this meeting. I have listened attentively to findings and ideas on how to move the country and the economy forward.”
While acknowledging that Nigeria has exited the recession it grapple with in the last few years, he also admitted that the nation’s growth rate is still not fast enough to create the jobs needed to meet national ambition of collective prosperity.
Reason being we had to tread carefully in view of the mess we inherited, he said.
He said: “Many of the ideas we developed in the last four years were targeted at returning Nigeria back to the path of growth.
“I am sure you will also appreciate that during that time, our country was also facing serious challenges especially in the areas of insecurity and massive corruption. Therefore, I will be the first to admit that our plans were conservative. We had to avoid reckless and not well thought out policies.
“However, it was very clear to me after we exited the recession that we needed to re-energise our economic growth plans. This is what I expect from you.
“I am pleased to hear you mention the need for us to domesticate our policies to reflect our local realities. We are grateful for the cooperation we are getting from our friends abroad but we must move forward with homegrown solutions. This is the only way to ensure the suitability and sustainability of policies.”
Against the run of statistics churned by international bodies, Buhari, urged EAC to develop baseline study, that will focus focus on primary data collection, adding that today, most of the statistics quoted about Nigeria are developed abroad by the World Bank, IMF and other foreign bodies. Some of the statistics we get relating to Nigeria are wild estimates and bear little relation to the facts on the ground, he said.
This according to him, disturbing as it implies, we are not fully aware of what is happening in our own country.
He said: “We can only plan realistically when we have reliable data. As you are aware, as a government, we prioritised agriculture as a critical sector to create jobs and bring prosperity to our rural communities.
“Our programs covered the entire agricultural value chain from seed to fertiliser to grains and ultimately, our dishes. As you travel in some rural communities, you can clearly see the impact. However, the absence of reliable data is hindering our ability to upgrade these programs and assure their sustainability.”
He also admitted that the social impact programmes is not yielding enough result, stating: another area where we are struggling to measure impact is in our social investment programs.
“Last week, I directed the new Minister for Humanitarian Affairs to commence a comprehensive data gathering exercise in our IDP camps in the North East. Today, we hear international organisations claiming to spend hundreds of millions of dollars on IDPs in the North-east. But when you visit the camps, you rarely see the impact.
“In 2017, when the National Emergency Management Agency took over the feeding of some IDPs in Borno, Yobe and Adamawa States, the amount we spent was significantly lower than the claims made by these international organisations.
“Therefore, actionable data is critical to implement effective strategies to address pressing problems such as these humanitarian issues.”