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A Humanitarian and Poverty Alleviation Trust Fund is to be established by the Federal Government for the purpose of providing relief to disaster victims and the vulnerable.
The Federal Executive Council (FEC) which yesterday approved the idea projects a $5bn annual revenue for the fund.
Besides, FEC, the highest decision-making organ of the government, set aside $700m for adolescent girls’ education in the country.
Humanitarian Affairs and Poverty Alleviation Minister Betta Edu and her Education counterpart Tahir Mamman made these known to reporters after yesterday’s council meeting in Abuja.
Edu explained that a governing board to supervise the implementation of the fund would be carefully worked out by a committee made up of relevant ministers that are relevant to the process. implementation in Nigeria.”
The minister said that FEC also approved the ratification of the Protocol on the protection of the rights of older persons in Nigeria.
