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Business & EconomyHeadlines

NECA advises FG to improve living conditions for Nigerians

Olatunbosun Obafemi
Last updated: December 27, 2018 4:05 pm
Olatunbosun Obafemi
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A recent report that Nigeria has the highest number of the poorest of the poor globally is a source of concern to well meaning individuals and organizations. It was no surprise that increasing level of poverty was a major issue discussed by members of the governing council of Nigeria Employers’ Consultative Association, NECA, at their meeting few days ago in Lagos.

Data have shown that for every minute in Nigeria, six people slip into poverty and six out of 10 Nigerians are also estimated to be living in poverty. Poverty is characterised by hunger, malnutrition, ill-health, unsanitary housing and living conditions and often without required education and resources to overcome these afflictions. “These strides of government by the Poverty Index are still insufficient interventions to rid Nigerians of the poverty blight. Government at all levels can do more to sustain the reduction in the ravaging poverty scourge by paying attention to the development of the critical indices of the Human Development Index’s (HDI) report by United Nations Development Programme, UNDP, which is indicative of a country’s quality of life.

The report measured national achievements in Human Development Index in health, education and income/standard of living in 189 countries. Nigeria’s HDI value for 2017 was 0.532, leaving it in 157th place out of the 189 countries assessed. Adequate and sustained attention to these critical indices: health, education and income/standard of living will ultimately lift the citizens out of the poverty scourge.

Nigeria Gross Domestic Product (GDP) for 2018

“We urge government to prioritise the creation of an enabling environment for large, medium and small enterprises to thrive. This is in view of the recognised long-term solution to poverty, which is job creation, improved standard and quality of education, increased access to finance and policies that encourage investment. Furthermore, in order to complement these efforts of the Federal Government at tackling poverty, we encourage state governments to initiate prototype programmes to these schemes at their level to the very poor and the vulnerable citizens.

“While praising government’s avowed commitment to infrastructure renewal as reflected in the various activities across the nation, the voice of business in Nigeria contended that the dearth of good infrastructure especially power /electricity supply, comatose railway system and poor road network turned death traps are reasons for the mass of unproductive youths in the country. It is recommended that government should see to a logical conclusion, its Power sector reforms to deliver stable power supply to the populace. In the same vein, priority should be given to the rehabilitation of deplorable road networks while constructing additional ones across the nation,” the report added.

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ByOlatunbosun Obafemi
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Bosun Obafemi is a seasoned journalist and editor for national daily news publication outfits.
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