Wednesday, July 15, 2026

Economy bad under Tinubu, poverty worsening insecurity: Wike

Mr Wike, however, warned against using poverty as an excuse to commit crime.

• January 23, 2024
FCT minister Nyesom Wike and President Bola Tinubu
FCT minister Nyesom Wike and President Bola Tinubu

FCT minister Nyesom Wike says President Bola Tinubu’s gvernment is working to improve the nation’s economy with a view to addressing poverty, one of the drivers of insecurity.

Mr Wike, who stated this during a media interaction in Abuja on Monday, explained that poverty and the economy were two sides of a coin, just as poverty and crime are connected.

He said, “You cannot talk about poverty without talking about the economy. If the economy is good, it means a lot of things will function well and that will be able to reduce poverty.

“When the economy is working well, there will be a lot of employment creation. When the economy is good, businesses will thrive, and this is what the current government is trying to do.”

He explained that Mr Tinubu’s government, through the subsidy removal and other economic policies, is working hard to improve the country’s economy which had been in a terrible state for a long time.

He urged Nigerians to wait patiently, adding that the measures will in the long run, improve the economy as a practical solution to poverty reduction.

While acknowledging the contribution of poverty to the rising insecurity in Abuja and other parts of the country, the minister stressed that poverty was not peculiar to the FCT alone.

He added that FCTA would not be able to reduce poverty within the territory when it was tied to the national economy.

According to him, the FCT Administration will not take decisions that affect only the economy of the territory.

He, however, said the FCTA could invest in agricultural production, skill acquisition, and information and communication technology to create jobs, but the impact would not be felt immediately.

“For me, the government is giving out palliatives to cushion the hardship being experienced due to fuel subsidy removal. We must understand where we are coming from because it is not going to be a miracle, but I want to assure you that the Federal Government is working hard to rebuild the economy,” he said.

The minister, however, warned against using poverty as an excuse to commit crime. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Adebo Ogundoyin

States

School Abduction: Oyo Assembly backs Gov Makinde’s call for international investigation 

The lawmaker cautioned the public and the Nigerian Senate against misinterpreting the purpose of the state governor’s call for an international investigation.

Minister of Foriegn Affairs Yusuf Tuggar

Politics

Tuggar group rejects Bauchi APC governorship candidate Mohammed Abubakar

He dismissed Mr Abubakar’s declaration as a governorship candidate, alleging that there were no governorship primaries in the state.

The Spanish team after the semi-final match

Hot news Home top

Oyarzabal, Porro score as Spain beat France to reach World Cup final 

Spain will face the winner of the second semi-final match between England and Argentina on Sunday. 

PenCom

Economy

PenCom cuts pension approvals to 48 hours, recovers N36 billion arrears

She said the 48-hour approval timeline had become a mandatory service standard binding on all PFAs.

Released Oyo hostages

Heading 5

Freed Oyo pupils, teachers reunite with families

The pupils and teachers reunited with their families on Tuesday.

Olatubosun Oluyede

NationWide

DHQ engages military veterans on welfare, national service

He said the welfare of retired personnel remained one of the top priorities of the DHQ under the current leadership.