The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu has expressed concern over the budgetary allocation to her ministry in the 2024 budget, stating it is insufficient to effectively address poverty in the country.
The Minister said this when she appeared to defend the 2024 budget of her ministry before the National Assembly Joint Committee on Humanitarian Affairs and Poverty Alleviation.
She mentioned that her ministry received an overhead ceiling of N532.5 billion, a mere 2% of the total budget.
She added, however, that the allocation is a 28% rise from the 2023 budget to alleviate the impact of inflation.
- “It is pertinent to note that the 28% increase in the overhead ceiling is not commensurate to the 27.33% inflationary rate in the economy today.
- “Conversely, the capital budget ceiling was reduced from N3.7 billion in 2022 to N1.3 billion in 2023 and this represents 71% reduction.
- “However, the pittance capital ceiling of N1.5 billion, an increase from the current year’s budget, does not in any way match the mandate of the ministry to shrink poverty in Nigeria.
- “Simply put, there was over 71% reduction between 2022 and 2023 so the minimal increase between 2023 and 2024 does not in any way match the mandate which we have been given and what is expected of us.
- “At this point, I will plead humbly and sincerely with the chairman, co-chair and members of this great committee that as we look into Nigeria as a nation, the burden lies on us to tackle the issue of poverty with sincerity.
- “One thing you can take from me and my team working under President Bola Tinubu is that he truly wants Nigerians to be out of poverty.
- “Except the budget is appropriately raised, we would be completely unable to meet that mandate.
- “It will be words that would not be matched with actions. I am happy that you represent constituencies and senatorial zones. A lot is expected of you from your constituencies to meet their real sincere demands,” she noted.
Humanitarian and Poverty Eradication Trust Fund to meet other obligations
Edu mentioned that the ministry possesses numerous special projects designed to achieve obligation
She said the Federal Executive Council recently approved the creation of the Humanitarian and Poverty Eradication Trust Fund.
According to her, the trust fund is set to garner contributions from the Federal Government, with an additional 30% counterpart funding from donor agencies and development partners.
- “We also have 30% coming from the private sector and 10% from other innovative funds of resource mobilisation which we have already started engaging in our over 111 days in office,” she said.
She therefore appealed to the committee and the appropriation committee to help the ministry by providing appropriation for its budget line.
Chairman of the Committee, Sen. Idiat Adebule, pledged that the committee would take a critical look at the budget estimates.