Analysts Seek FG’s Focus on Job Creation to Reduce Poverty via thisdaylive
Analysts yesterday urged the federal government to introduce policies to stimulate job creation to combat the rising poverty rate in the country.
NBS, however, excluded Borno State from the study as the sample collected was not representative of the whole state because some parts could not be accessed obviously as a result of the insecurity challenges bedeviling the region. However, the Harmonised Nigeria Living Standard Survey 2009/2010, previously published by the NBS had put the country’s poverty index at 69.0 per cent.
He said: “The 2019 study is accordingly treated as a base study and any comparisons with previous poverty studies should be treated with caution.” Other states include Kwara 20.35 per cent, Lagos 4.50 per cent, Nasarawa 57.30 per cent, Niger 66.11 per cent, Ogun 9.32 per cent, Ondo 12.52 per cent, Osun 8.52 per cent, and Oyo 9.83 per cent.
“And with the coronavirus pandemic and the outlook for the economy over the next couple of months or years, that number can go higher. If you have devalued the naira and prices go up and more people lose jobs, price of oil collapses continuously for another six months, it simply means that things are likely to get more difficult,” he said in an interview with THISDAY.
“We need to invest in education, healthcare, and then agric. We have a competitive advantage in those areas because it can employ more people, produce for the world and it can help reduce this poverty ratio over time.” “To support this, there must be an enabling and supportive policy environment, which must be provided by the government alongside the provision of basic infrastructure of electricity, transportation medium, and security. “Ultimately, there must be a conscious attempt at curbing corruption across all levels. This in the least will reduce leakages, which could have been deployed to bringing prosperity to the people,” he said.
Also, Prof. Uche Uwaleke of the Nasarawa State University told THISDAY that although the study indicated an improvement in living standards over time, “more people may have dropped below the poverty line than this survey result suggests.”
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