₦16tn Plan: FG sets bold target to lift millions out of poverty

The Federal Government of Nigeria has announced a new plan to reduce poverty and help 50 million people by the year 2030.

The plan is called “One Humanitarian, One Poverty Response System (OHOPRS)”. It is designed to bring all poverty reduction efforts into one coordinated system.

To fund the programme, the government aims to raise ₦16 trillion between 2026 and 2030, which is about ₦3.2 trillion each year. The money will come from different sources:

Federal Government: ₦1.5 trillion

Development partners: ₦800 billion

Private sector: ₦600 billion

Climate and global funds: ₦300 billion

The government also plans to create a special fund called the National Humanitarian and Poverty Reduction Trust Fund. This will include funding methods like climate financing, private investments, and Islamic finance tools such as Zakat and Sukuk.

To ensure transparency and accountability, there will be monitoring systems like:

A national steering committee

Independent audits

Results-based funding

Real-time digital tracking

The Minister of Humanitarian Affairs, Dr. Bernard Doro, said the new system will tackle poverty in a more organized and effective way. He noted that many efforts already exist, but they are not well coordinated.

He explained that over 60% of Nigerians are affected by poverty, and the current system is too fragmented. According to him, the country needs a unified approach to make real progress.

The initiative follows the vision of President Bola Ahmed Tinubu, who wants to lift millions out of poverty and ensure better accountability.

The United Nations also supported the plan, describing poverty in Nigeria as a serious crisis that needs urgent and coordinated action. They stressed that resources must be used effectively to create real improvements in people’s lives.

Data from the National Bureau of Statistics shows that about 133 million Nigerians (63%) are living in multidimensional poverty, facing challenges in areas like housing, health, education, and security.

Officials say success will depend on strong cooperation between government, private sector, and international partners, as well as the use of reliable data to target those most in need.