Gatekeepers News reports that the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, disclosed this while briefing State House correspondents after the FEC meeting at the Presidential Villa Abuja on Monday.
The Minister said the trust fund is to enable the Federal Government to respond promptly to humanitarian situations in the country.
Edu said the Federal Government hopes to raise at least $5bn annually into the trust fund.
According to her, the funds will be sourced from the Federal Government, private and international organisations as well as well-meaning individuals.
Edu further assured that state governments will be carried along in the project.
On the care for the elderly, the minister said FEC took a decision to ratify the protocol for the protection of the rights of old people in the country in line with the African Charter.
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