President Muhammadu Buhari has said that in the last two years, his administration lifted 10.5 million people out of poverty.
Buhari in his Democracy Day speech said those lifted out of poverty were farmers, small-scale traders, artisans and market women.
He said his government is doing its best in the face of scarce resources and galloping population growth rate that consistently outstrip the capacity to provide jobs.
“At the same time, the Federal Government released 109,000 metric tonnes of food reserve stocks and 70,000 metric tonnes of grains to the poor and vulnerable in all 36 states of the federation”, he said.
President Buhari added that his administration reduced interest rates from 9% to 5% for struggling businesses and extended credit facilities to 548,345 beneficiaries.
