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Nigeria needs $350 billion to attain SDGs - Survey

March 2, 2020

 

 

Nigeria needs a total of $350 billion to attain the Sustainable Development Goals, SDGs, by 2030 and has a current estimate of public sector gap of $100 billion according to the 2019 National Demographic Health Survey, NDHS.

 

An Independent Development Consultant, Dr. Davis Omotola, while x-raying the findings of the national survey at a two-day media dialogue in Port Harcourt, Rivers State, organised by the Child Rights Information Bureau and the Federal Ministry of Information, in collaboration with UNICEF in Port Harcourt, the Rivers State capital, noted that the survey showed that poverty was on the increase due to population explosion and insecurity.

 

The report found that 70 per cent of the poor people in Nigeria live in 10 states which all happen to be in the North part of the country.

 

Giving insight into the survey, Omotola said about 54 per cent of Nigerians are poor and living below $1.9 per day.

 

"In 2018, 5.4 million new entrants entered the labour market with only 0.5 million created in that year with an average of 14794 new entrants daily. Two-thirds of Nigerian households have access to an improved source of drinking water while every 74 per cent of urban household and 58percent have access to an improved source of drinking water".

 

To address the challenges, the report recommended that Nigeria must address the challenges of data and appropriately disaggregated data.

 

He said: "Nigeria should work with the right agencies to capture accurate data to improve monitoring and making poverty history through vigorous pursuit of the presidential plan of lifting one million Nigerians from poverty in the next 10 years.

 

On barriers to achieving SDGs by 2030, he listed policy implementation ineffectiveness and coverage, budgetary challenge and prioritization, security and socio-political challenges among others.

 

He said the insecurity on individuals and institutions provide an unfavorable business environment for internal and foreign investors thereby posing as a barrier to SDGs by 2030.

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