President Bola Tinubu has inaugurated a Humanitarian and Poverty Alleviation Trust Fund for Nigeria.
The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, announced at the sidelines of the 78th United Nations General Assembly (UNGA) in New York, United States on Friday.
According to Edu, the fund will address the pressing issues faced by the country, such as food security, humanitarian crises, and durable solutions.
The Minister explained that 30 per cent of the funding will come from the Nigerian government, while the remaining 70 per cent will be sourced from donor agencies, philanthropic individuals, the private sector, and other nations.
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The trust fund will have a structure that ensure accountability and transparency.
She said:
“Thirty per cent of the funding expected in this trust fund will be coming from the government of Nigeria, and is expected that the rest of this funding will come from other nations, the United Nations, donor agencies, philanthropic individuals, private sector, who we want to bring fully into the space amongst other forms of innovative fundraising.
“The essence is for us to be able to adequately address the issues which we face on the ground as a matter of urgency.
“I’m sure we already know that the president declared a state of emergency on food security in Nigeria, he equally had a state of emergency on other things like humanitarian crisis and our ability to provide durable solutions.”
She stressed that the government was seeking international support to tackle poverty and displacement in Nigeria.
The Minister said;
“And as we make plans to come in and address this need, what must be key at the back of our minds is providing durable solutions.
“We must be able to address education for these persons, we must be able to address their livelihood, we must be able to address their reintegration back into communities, we must be to address their resettlement, including the provision of proper shelter for them to stay in.
“We must be able to address their GPV needs amongst other things, and we’re counting on your support.”
