Tony Elumelu

Nigeria: Tony Elumelu advises FG on how to lift 100m Nigerians out of poverty

By Teslim Olawore

Tony Elumelu
Tony Elumelu

Tony Elumelu, the Founder of the Tony Elumelu Foundation (TEF), on Saturday noted that with the right resolve accompanied by concrete action, the federal government could lift 100 million Nigerians out of poverty.

Buhari who had said that his administration can lift 100 million Nigerians out of poverty in the next 10 years in the speech he delivered on June 12, at the Democracy Day in Abuja. Buhari added that despite the positive growth in the economy, his administration “is mapping out policies to ensure that the country’s GDP grows by 2.7 per cent in 2019….With leadership and a sense of purpose, we can lift 100 million Nigerians out of poverty in 10 years.”

Elumelu at the Bayero University, Kano (BUK) convocation yesterday, where he bagged an Honorary Degree in Business Administration said that the federal government’s commitment to lifting 100 million Nigerians out of poverty is laudable and possible, though ambitious.

He said, “I am sure we took note of President Buhari’s commitment to lifting 100 million Nigerians out of poverty. This is laudable, ambitious, but indeed very possible with the right resolve accompanied by concrete actions.”

Elumelu challenged the federal government “to abolish multiple taxes on small businesses; ease the operating environment for these employment generators by making business registration easier; prioritise training and development and entrench the rule of law.” In order to realise Buhari’s aim of lifting a thousand Nigerians out of poverty.

He equally challenged the federal government “to create industrial, technology and agricultural zones for industries to thrive. We all also need peace and security. “We, the private sector and those with means, should invest in our young ones in a manner that creates social and economic returns, which is the philosophy driving the TEF.”

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