News | Events | Digital PR | Advertising

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

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

Share
Share

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.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Nigerian military
News

Nigeria Ranked 3rd Most Powerful Military in Africa by 2025 Global Firepower Index

Nigeria has been ranked as the third most powerful military force in...

NewsPolitics

America State Department Advises Americans in Iran to ‘Shelter in Place’; No Evacuation Plans Announced

The U.S. State Department has advised Americans currently in Iran to “shelter...

13 Killed Houses Burnt During Gunmen Attack in Plateau State
News

13 Killed, Houses Burnt During Gunmen Attack in Plateau State

Multiple communities in Bassa, Bokkos, and Mangu local government areas of Plateau...

Alhaji Dahiru Mangal
News

Katsina Philanthropist, Alhaji Dahiru Mangal, Sponsors Urology Surgeries with Over N80m

Popular philanthropist in Katsina State, Alhaji Dahiru Mangal, has donated more than...