President Muhammadu Buhari says his administration's plan is to "lay the foundation" for 100 million Nigerians to be lifted out of poverty.
Mr Buhari said that target would be achieved at the end of his eight-year term in 2023.
"Our Administration's eight years will have laid the grounds for lifting 100 million Nigerians out of poverty in 10 years," he said Monday. "This outcome will fundamentally shift Nigeria's trajectory and place us among the World's Great Nations."
He was speaking at a retreat for ministers-designate in Abuja.
The president had on August 1 claimed his administration had lifted 5 million Nigerians out of poverty in three years. He said the National Social Investment Programme achieved that goal.
The president's claim came despite report by the World Poverty Clock in 2018 that Nigeria had overtaken India with the largest number of people living in extreme poverty.
According to the report released in May 2018, Nigeria now has an estimated 87 million people in extreme poverty, compared to India's 73 million.
PREMIUM TIMES' partner publication, Dubawa, showed the president's claim was false.
Data from the World Poverty Clock shows that the number of Nigerians living in extreme poverty has increased yearly.
Mr Buhari also said on Monday that his government has made significant progress in improving security, economy and corruption war.
He said only the "most partisan" will dispute that claim.
"First - we have rolled back the frontiers of terrorism; we are actively addressing other challenges such as kidnappings, farmer-herder violence, improving the safety of our roads, railways, air traffic and fire control capacities," he said.
"Second - we are steadily turning the economy round through investment in agriculture and manufacturing, shoring up our foreign reserves, curbing inflation and improving the country's infrastructure.
"Third - on corruption, we have recovered hundreds of billions of stolen assets and are actively pursuing control measures to tackle leakages in public resources. We will not let up in fighting corruption."
Read the full speech by the president below:
ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA AT THE PRESIDENTIAL RETREAT FOR MINISTERS-DESIGNATE, PRESIDENTIAL AIDES AND OTHER TOP GOVERNMENT FUNCTIONARIES, HELD AT THE STATE HOUSE, ABUJA
MONDAY, 19 AUGUST 2019
I welcome you all to this meeting whose purpose is firstly, to familiarize ourselves with our colleagues with whom we shall be working closely for the next four years GOD willing; secondly, to reflect and assess the country's position in 2015 and today; and thirdly, to chart a course for the country for the foreseeable future.
2. I congratulate all the new comers who your country has chosen above others to join the first term Ministers whose performance has been outstanding. All of you are appointed to assist and advise the President in running the affairs of our country. At the end of the Retreat, it is hoped that all of you will be in tune with the roles and responsibilities of positions you will occupy in Government. Many national issues require unified decisions.
3. It is a great privilege for you to be called upon to serve in these Great Offices of State and you must grasp the chance with two hands and put in your best efforts as Nigeria today needs top managers to handle our numerous challenges. There will be long hours and you must be prepared to live laborious days if we are to serve our people optimally.
4. Ladies and gentlemen, we are all aware of the looming demographic potential of our country. By average estimates, our population is close to 200 million today. By 2050, UN estimates put Nigeria third globally behind only India and China with our projected population at 411 million.
5. This is a frightening prospect but only if we sit idly by and expect handouts from so-called development partners. The solution to our problems lies within us.
6. Honourable Ministers-Designate, in our first term we identified three salient areas for close attention and action, namely to secure the country, to improve the economy and to fight corruption.
7. None but the most partisan will dispute that we have made headway in all three areas:
First - we have rolled back the frontiers of terrorism; we are actively addressing other challenges such as kidnappings, farmer-herder violence, improving the safety of our roads, railways, air traffic and fire control capacities.
Second - we are steadily turning the economy round through investment in agriculture and manufacturing, shoring up our foreign reserves, curbing inflation and improving the country's infrastructure.
Third - on corruption, we have recovered hundreds of billions of stolen assets and are actively pursuing control measures to tackle leakages in public resources. We will not let up in fighting corruption.
8. As Ministers, I am counting on you together with Advisers and Nigerians willing and able to contribute to build upon our road map of policies, programmes and projects that will lift the bulk of our people out of poverty and set them on the road to prosperity.
9. Our Administration's eight years will have laid the grounds for lifting 100 million Nigerians out of poverty in 10 years. This outcome will fundamentally shift Nigeria's trajectory and place us among the World's Great Nations.
11. Honourable Ministers-Designate, you will be responsible for the development and implementation of policies, programmes and projects in your various Ministries, Departments and Agencies in line with Government priorities. You must also ensure that Agencies under your Ministries are effective, efficient and accountable in the discharge of their responsibilities.
12. Honourable Ministers-Designate, we must work as a team. Although you have been chosen to represent your states as a constitutional imperative, it is vital for all of you to work as Nigerians.
13. Furthermore, working as a team demands that we know what the next person is doing. You must open communications with your colleagues. Lack of communication leads to lack of cooperation and sub-optimal performance.
14. Finally, although this is called a Retreat, I would like to think this is a preparation for an advance to the Next Level. Thank you ladies and gentlemen. I wish you fruitful deliberations