In an audacious move towards combating poverty and responding to humanitarian crises, Nigeria’s Federal Executive Council (FEC) has given the green light to establish a $5 billion annual Humanitarian and Poverty Alleviation Trust Fund. This Trust Fund seeks to harness contributions from a wide array of sources, including the government, private sector, development partners, individuals, and even crowd-funding platforms.

The approval of the fund is not just a policy shift. It is a victory for the poor and a testament to Nigeria’s commitment to poverty alleviation. With an ambitious target of accumulating at least $5 billion each year, the Trust Fund is expected to provide a lifeline to those most in need, especially during emergency situations such as floods.

Source: bnn.network