We will lift 100m Nigerians out of poverty- President Buhari

President Muhammadu Buhari on Wednesday vowed to move 100 million Nigerians out of poverty over the next 10 years.

The president made the statement while giving an inaugural Democracy Day speech in Abuja.

Buhari said: “With leadership and a sense of purpose, we can lift 100 million Nigerians out of poverty in 10 years.”

The Buhari-administration had moved the democracy day celebration from May 29th to June 12 following agitations over the years that the day be recognised to commemorate the struggle of late politician and business mogul Moshood Abiola, who was acclaimed the winner of the 1993 Presidential Election that was annulled.

The president promised that his Administration was laying the foundation and taking bold steps in transforming the country to liberate citizens from the shackles of poverty.

Buhari said that efforts would be made to build the economies of the rural areas and ensure a purposeful integration with the national economy.

He said: “First, we will take steps to integrate rural economies to the national economic “grid” by extending access to small-scale credits and inputs to rural farmers, credit to rural micro-businesses and opening up many critical feeder roads.

“Secondly, for small-scale enterprises in towns and cities, we shall expand facilities currently available so that we continue to encourage and support domestic production of basic goods and reduce our reliance of imported goods as I will outline later. 

“For the next four years, we will remain committed to improving the lives of people by consolidating efforts to address these key issues as well as emerging challenges of climate change, resettling displaced communities and dealing decisively with the new flashes of insecurity across the country, and the impacts on food scarcity and regional stability.”

He added that incentives would be given for investments that are specifically made in rural communities, while materials would be locally sourced.

Remarkably, the president renamed the National Stadium, Abuaj, after the late Moshood Abiola amidst promises to run an administration that would benefit all Nigerians.