Abuja: The Independent Media and Policy Initiative (IMPI), has commended President Bola Tinubu for adopting a multidimensional approach to tackle poverty in the country. The IMPI Chairman, Niyi Akinsiju, said this in a statement on Wednesday in Abuja.
According to News Agency of Nigeria, the think-tank expressed its views in its latest policy statement, titled ‘Understanding Tinubu’s Law of Requisite Variety: A Framework for Multidimensional Poverty Reduction’. Nwankwo described the ongoing economic reforms as a strategic blend of fiscal and monetary measures designed to deliver inclusive growth. He emphasized that the administration’s policies demonstrated a deep understanding of Nigeria’s complex poverty structure and the need for coordinated solutions across sectors.
Nwankwo stated that IMPI’s analysis showed that the government’s economic measures, including subsidy removal, exchange rate unification, and expansion of social investment programmes, were beginning to align fiscal discipline with social welfare objectives. He also highlighted that Tinubu’s economic approach reflected the law of requisite variety, which recognized that only diverse and adaptable policy tools could address complex national challenges such as poverty and inequality.
He further explained that the combination of prudent debt management, fiscal restructuring, and support for production-led growth is gradually restoring investor confidence and stabilizing the macroeconomic environment. The ongoing interventions in agriculture, Micro Small and Medium Enterprises (MSMEs) development, and the digital economy were already showing signs of impact, with expanding income opportunities and reduced vulnerability among low-income households.
Nwankwo pointed out that poverty in Nigeria is multidimensional, involving not just income deprivation but also lack of access to education, healthcare, and economic opportunity. He noted that under the Tinubu administration, there is a shift from piecemeal solutions to an integrated policy framework. He urged sustained monitoring and policy alignment among federal agencies to ensure that the gains of current reforms translate into measurable poverty reduction outcomes.
He also called for continued partnership between the government, private sector, and civil society in implementing people-centered programmes that guaranteed social inclusion and equitable economic growth.