I feel it is right for the government to continue the conversation started under the Buhari government on how to reduce the number of people in the extreme poverty bracket.
I feel, however, that a better option is to start developing a social security programme, especially given the weakening of our extended family system that in the past performed that function. The government can decide to start this with a known demographic and then gradually add more demographics as it learns from practices and mistakes. But this should not be funded from borrowed funds. Borrowing $1.
Six, is that the Conditional Cash Transfer scheme seems to be an opportunity for the Tinubu government to uncritically continue with the brand of economics of the Buhari government which hinged on debt binge and ingratiating itself to the Bretton Woods institutions . For instance, the World Bank is Nigeria’s biggest multilateral creditor, with the country owing about $14.51bn as of June 30, 2023. The Debt Management Office recently said the country’s total public debt stood at N87.
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