FEC. Has Finally Put An End To Poverty In Nigeria, Through The Approval Of Annual $5bn Humanitarian, Poverty Alleviation Trust Fund
FEC. Has Finally Put An End To Poverty In Nigeria, Through The Approval Of Annual $5bn Humanitarian, Poverty Alleviation Trust Fund T he Federal Executive Council (FEC) approved the establishment of the Humanitarian and Poverty Alleviation Trust Fund to alleviate economic hardship for vulnerable Nigerians. The Minister of Humanitarian Affairs, Betta Edu, announced at the end of the third council meeting, presided over by President Bola Tinubu at the Council Chamber, Presidential Villa, Abuja, that a Humanitarian and Poverty Alleviation Trust Fund has been approved. The fund is expected to generate up to $5 million annually and will be overseen by a governing board. The board will supervise the fund's implementation, which its members will meticulously work out. Relevant ministers, including the finance minister, will be involved. This flexible form of financing is designed to help Nigeria respond effectively to humanitarian crises and challenges and address the country's pove