The Nation Newspaper FEC okays $5b annual fund for humanitarian, poverty alleviation
A Humanitarian and Poverty Alleviation Trust Fund is to be established by the Federal Government for the purpose of providing relief to disaster victims and the vulnerable.
Edu explained that a governing board to supervise the implementation of the fund would be carefully worked out by a committee made up of relevant ministers that are relevant to the process. ”We are therefore grateful to President Bola Tinubu today for the approval given for the creation of the Humanitarian and Poverty Alleviation Trust Fund.
”Every year we hope to be able to raise at least $5 billion within this fund and this is from the various sources that I’ve mentioned and even more. We are hopeful that with the creation of this funding, we can sit down with all the key stakeholders, including other ministries, and actually work out the full modality of implementation in Nigeria.”The minister said that FEC also approved the ratification of the Protocol on the protection of the rights of older persons in Nigeria.
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