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Minister laments meagre allocation to fight poverty
Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Beta Edu, on Tuesday lamented that the amount allocated to her ministry in the 2024 budget was not capable of fighting poverty in the country.
Edu spoke when she led officials of her ministry and parastalas under it, to defend her 2024 budget before the Joint National Assembly Committee of Humanitarian Affairs and Poverty Alleviation, chaired by Senator Idiat Adebule (APC Lagos Central)
She said her ministry was given an overhead ceiling of N532.5billion which represents a 28 per cent increase over the 2023 budget to cushion the effects of inflation.
“It is pertinent to note that the 28 per cent increase in the overhead ceiling is not commensurate to the 27.33 per cent inflationary rate in the economy today.
“Conversely, the capital budget ceiling was reduced from N3.7billion in 2022 to N1.328316billion in 2023 and it represents 71 per cent reduction.
“So, in the 2022 and 2023 there was a 71% reduction.
“However from the pittance capital ceiling of N1.535billion which is an increase from the current year’s budget does not in any way match with the mandate of the ministry’s headquarters in order to shrink poverty in Nigeria.
“Simply put, there was an over 71% reduction between 2022 and 2023 so the minimal increase between 2023 and 2024 does not in any way match with the mandate which we have been given and what is expected of us.
“At this point, I will plead humbly and sincerely with the chairman, co-chair and members of this great Committee that as we look into Nigeria as a nation.
“The burden lies on us to actually tackle the issue of poverty with sincerity. One thing you can take from myself and my team working under the guardian’s of President Bola Ahmed Tinubu is that he truly wants Nigerians to be out of poverty.
“Except the budget is appropriate for it, we would be completely unable to meet that mandate.
“It will be words that would not be marched with actions. I am happy that you represent constituencies and senatorial zones a lot is being expected of you from the Government in your constituencies to meet their real sincere demands.
“That is the reason why this committee must go beyond board to ensure that the present budget which was given to the Ministry and agencies is carefully looked into, reconsidered and something more reasonable and in keeping with the realities on ground is done.
“The ministry has several special projects which I will not like to mention and we intend to use these special projects as agencies under us to meet the target.
“Something very serious was omitted. If you followed the news closely, the President who is the chairman of the Federal Executive Council recently approved the creation of Humanitarian and Poverty Eradication Trust Fund.
“This Trust is expected to have contribution from the Federal Government 30% counterpart funding which is supposed to come from donor agencies as well as development partners.
“We also have 30% coming from the private sector and then, 10% from other very innovative funds of resource mobilization which we have already started engagement
“Similarly, 10% is expected from other very innovative funds
of resource mobilization for which we have already started engagements in the over 111 days in office.
“We have been engaging massively for these funds to come into Nigeria to support the implementation of programmes which we will be implementing with you at the front burner by reaching out to your constituents.
“However, Nigeria needs to put its own part of the bargain on the table. This would be not just an attraction to those who are supposed are bringing in the other percent but it will serve as a lighter to reach the poor and indeed eradicate poverty from our country.
Chairman of the committee, Senator Idiat Adebule asked whether the minister presented the budget for the Trust Fund at the budget planning stage.
But Edu said it was presented to the Ministry of Budget and Economic Planning, but that it was not reflected in what her ministry got back.
She said: “This was clearly stated as an omission and that is why we are asked to bring in as a memo to the committee to see how they can consider it.”
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