Poverty Reduction: Stakeholders Hold Dialogue Towards Bringing Lasting Solutions

Kuni Tyessi in Abuja  

In bringing lasting solutions to the multidimensional poverty plaguing majority of Nigerians, and to improve on their lives of sustainability, stakeholders in public and private sectors have come up with lasting social protection interventions.

Disclosing this yesterday in Abuja, Executive Director, Africa Network for Environmental and Economic Justice, ANEEJ, David Ugolor, said it has become necessary in the face of a population of 230 million people and a GDP of USD 252.74 billion.”

In his welcome remarks at the opening of the 2-Day dialogue, Ugolor lamented that according to the National Bureau of Statistics (2022), 44.7 million men and 43.7 million women live on less than USD 1.90 a day, and 63% of the population is multi dimensionally poor. 

He said based on this background, the meeting which is centered on the objectives of a three-year Act Naija programme, will provide an opportunity for civil society organisations and other stakeholders to discuss how to contribute to improving social protection intervention in Nigeria.

He reiterated that the dialogue is particularly important as social protection plays a critical role in reducing poverty, managing inequality, and enhancing the resilience of vulnerable populations. 

“The country has a low Human Development Index score of 0.548, ranking it 161st out of 193 countries UNDP (2024), underscores the urgent need for inclusive social policies that tackle these inequalities.

“At outcome level, the project targets increased engagement of civil society actors in the development and monitoring an inclusive social protection system through – Increased public awareness on the importance of promoting an inclusive and responsive social protection system

“In Nigeria, a country with vast economic potential yet staggering levels of poverty, the importance of a robust and inclusive social protection system cannot be overstated. Nigeria is Africa’s most populous country and the fourth largest economy on the continent, with a GDP of USD 252.74 billion.”

The Act Naija project is being implemented by three organisations, namely: Bread for the World, Germany, Africa Network for Environment and Economic Justice, ANEEJ and the New Initiative for Social Development (NISD) and is co-funded by the European Union under its Human Rights and Support to Civil Society in Nigeria programme. 

Delivering a keynote address, the Minister of State, Federal Ministry of Humanitarian Affairs and Poverty Reduction, Dr. Yusufu Sununu, said it is imperative to have a reliable National Social Protection Policy, NSPP, which is currently being reviewed for efficiency and impactful interventions.

Represented by the Director of Social Development, Valentine Ezulu, Sununu declared that social protection is not charity but a right and for this reason, the ministry is undertaking the harmonization of social protection initiatives across Ministries, Departments, and Agencies (MDAs). 

He added that the reform will reduce duplication, close operational gaps, and further enhance service delivery to Nigerians.

 “As we deliberate today, let us remember that social protection is not charity — it is a right. It is about restoring dignity, building resilience, and unlocking the potential of every Nigerian.

“The Ministry stands ready to work with all stakeholders — national and international — to ensure that we deliver on our promise of a better and more inclusive Nigeria.”

Other stakeholders also called for new approaches towards addressing the frightening poverty plaguing Nigerians, and come up with lasting solutions.

The post Poverty Reduction: Stakeholders Hold Dialogue Towards Bringing Lasting Solutions appeared first on THISDAYLIVE.

​  

  • Related Posts

    BREAKING: Bandits Kill One, Kidnap Six In Southern Kaduna Despite State Peace Pact

    A community leader reported that the attackers targeted Kokob-Bajaga village in Kajuru Local Government Area on Tuesday.  ArticlesRead More 

    Roosevelt Ogbonna Resigns From Access HoldCo, Remains Access Bank CEO

    Roosevelt Ogbonna Resigns From Access HoldCo, Remains Access Bank CEO

    Nume Ekeghe

    Access Holdings Plc has announced the resignation of Mr. Roosevelt Ogbonna, the Chief Executive Officer of Access Bank Plc, from its Board as a Non-Executive Director, after three and a half years on the board. A statement signed by the Company Secretary, Sunday Ekwochi, said Ogbonna will continue as Managing Director and Chief Executive Officer of Access Bank, the group’s flagship subsidiary, where he has been instrumental in driving growth and innovation across Nigeria’s banking sector.

    Ogbonna’s resignation from the board, according to the statement, was in compliance with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies, 2023, which caps the maximum number of directors at nine for financial holding companies.

    It states: “Access Holdings Plc (the Company’) today announces the resignation of one of its Non- Executive Directors Mr. Roosevelt Ogbonna from the Board after three and half years of dedicated service. Mr. Ogbonna continues to serve as the Managing Director/Chief Executive Officer of Access Bank Plc, the Company’s flagship subsidiary.

    “His resignation allows the Company to comply with the Central Bank of Nigeria’s Corporate Governance Guidelines for Financial Holding Companies in Nigeria, 2023, which stipulates a maximum of nine (9) directors for the Board of a Financial Holding Company.

    The board commended Ogbonna for his commitment and contributions during his tenure, noting that his insights helped shape strategic decisions at the group level.

    “The Board appreciates Mr. Ogbonna for his outstanding and continued contributions to the Access Group.”

    The post Roosevelt Ogbonna Resigns From Access HoldCo, Remains Access Bank CEO appeared first on THISDAYLIVE.

    ​  

    Nume Ekeghe Access Holdings Plc has announced the resignation of Mr. Roosevelt Ogbonna, the Chief Executive Officer of Access Bank Plc, from its Board as a Non-Executive Director, after three
    The post Roosevelt Ogbonna Resigns From Access HoldCo, Remains Access Bank CEO appeared first on THISDAYLIVE.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Why We pushed NBS to rebase ICT GDP in Nigeria – NITDA DG 

    China’s Guangxi trade with Nigeria hits $320 Million in 2024 

    Roosevelt’s exit: Access Bank denies boardroom rift as rumours swirl 

    FG begins $11m distribution of 1,653 solar cold chain units, allocates highest share to Northwest, Northcentral 

    Tinubu’s reforms have tripled transaction volumes and values in Nigeria’s capital market in 2 years – Chairman NGX Group

    Dino Melaye in trouble over alleged N509.6m tax evasion

    Dino Melaye in trouble over alleged N509.6m tax evasion

    Most Nigerian amputees can’t afford prosthetics as costs soar above N600,000 – Onyenucheya, 

    China donates $1 million to support Nigeria’s flood victims 

    Unilever Nigeria management team visits FIRS leadership 

    Inside PalmPay’s fight against fraud: Lessons for Nigeria’s digital payments industry 

    Circuits to deliver additional payouts to top grossing producers, raising the bar for Africa’s Film Industry  

    Nigeria ranks 116th in 2025 Good Governance Index, misses Africa’s top five 

    Africa Prudential records 75% PBT Growth, N41.35bn assets in H1 2025 

    i-invest: This App lets you buy Nigerian stocks with as little as N100  

    MDGIF driving transformation in Nigeria’s energy sector through strategic infrastructure investments 

    Access Holdings announces the resignation of Director Roosevelt Ogbonna from the Board 

    Legend Internet reports 44.5% surge in 2025 profit as fiber hits N1.1 billion

    Abia, NIPSS to partner to promote made-in-Aba products

    Abia, NIPSS to partner to promote made-in-Aba products

    Crypto exchanges regain access to Nigeria’s formal banking network to drive transaction ease  – Busha COO Sodipo 

    Some Nigerian banks to operate under forbearance beyond 2025 – Fitch 

    ISA 2025: Nigeria’s capital market set to hit N300 trillion – SEC DG Agama to Tinubu 

    9mobile rebounds with first subscriber growth in 2025 after MTN infrastructure sharing deal 

    Imo doctors to earn N533,000 as Uzodimma approves N104,000 minimum wage effective August 2025 

    Lafarge launches another first into the market with EcoCrete, first low-carbon ready-mix concrete 

    EFCC vs POS merchants: Moniepoint joins N21 billion fraud battle in Court

    Nigeria among top drivers as Chinese exports to Africa surge past $122 billion in 2025 

    Hackers exploiting Google Classroom in massive global phishing campaign – Check Point 

    FG launches portal for Nigerians to report housing estate fraud 

    New Zealand closes Entrepreneur Work Visa, opens new immigration options for investors 

    Lagos Govt moves to regulate sprawling beach houses in Ibeshe, Ilashe along coastal corridor 

    Private Sector Credit Up 4.02% YoY to N76.14trn as Broad Money Supply Expands

    Amid Moderate Borrowing, Subscription to FGN Bond Shrinks to N4.94trn

    Rebuilding Trust in Contributory Pension Scheme

    FCMB Group Profit Before Tax Up 23% YoY to N79.3bn

    Stanbic IBTC Relaunches Promo for Private Banking Clients

    LAPO MfB Champions Youth Empowerment at NYSC Sagamu Camp