The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government to complement its expanding social protection programmes with far-reaching structural reforms, warning that cash transfers and other welfare interventions alone cannot deliver sustainable poverty reduction or inclusive economic growth.
In a policy brief on the federal government’s newly launched $3.05 billion Social Intervention Programme, Muda Yusuf, Chief Executive Officer of CPPE, said social protection and structural reforms should be pursued as complementary policy instruments to ensure that ongoing economic reforms translate into lasting improvements in the welfare of Nigerians.
“Social protection and structural reforms should therefore be viewed as complementary policy instruments. Effective social interventions cushion vulnerable households during economic adjustment, while structural reforms create the conditions for higher productivity, stronger private investment, sustainable income growth, and durable poverty reduction,” he said.
Yusuf’s intervention comes days after President Bola Tinubu unveiled a coordinated
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