Federal Government Establishes Poverty Alleviation Trust Fund, Targets $5 billion Annually

The Federal Executive Council (FEC) has approved the creation of a Humanitarian and Poverty Alleviation Trust Fund.

The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, stated this while briefing State House correspondents shortly after the FEC meeting at the Presidential Villa Abuja on Monday.

She said the trust fund is to enable the Federal Government respond promptly to humanitarian situations in the country. According to her, the Federal Government hopes to raise at least $5 billion annually into the trust fund.

Edu explained that the funds will be sourced from the Federal Government, private and international organizations as well as well-meaning individuals.