Ten Years of Progressive Governance in Nigeria: From Reform to Renewal

By Rabiu Isyaku Rabiu

During the public presentation of the book “Ten Years of Impactful Progressive Governance in Nigeria,” authored by the Chairman of the Progressive Governors’ Forum and Executive Governor of Imo State, His Excellency Governor Hope Uzodinma, I reflected on Nigeria’s decade-long journey under successive progressive administrations as Chief Presenter. Though time did not allow me to deliver my written remarks, the message remains vital to our national conversation on leadership, governance, and reform.

There are moments for politics and moments for governance. Once elections are over, governance must take precedence. Our duty as citizens is to move beyond division and measure progress not by sentiment but by delivery, performance, and impact.

Over the past ten years, Nigeria’s story has been one of courage and continuity, of institutions learning discipline, and of leaders willing to face hard truths about our economy. President Muhammadu Buhari laid the foundation of fiscal prudence, agricultural revival, and infrastructure renewal. President Bola Ahmed Tinubu has advanced that legacy through decisive structural reforms such as removing the fuel subsidy, unifying exchange rates, modernising tax policy, and restoring credibility to public finance. These choices were not easy, but they were necessary. They broke habits that had become too costly to sustain and redirected public wealth toward productivity.

Since May 2023, government non-oil revenue has grown by more than 400 percent. This is not coincidence. It is the outcome of intentional policy and technological transparency. The Presidential Fiscal Policy and Tax Reform Committee has simplified compliance, eliminated duplication, and placed technology at the centre of revenue collection. Revenue agencies that once competed now cooperate. Multiple taxation is being dismantled. Incentives for businesses are transparent and available online without intermediaries or privileged access. Every entrepreneur, large or small, can now apply for fiscal waivers or export credits within minutes. Fairness by design and technology is replacing favour by connection.

Energy stability has returned as proof that reform, though painful, delivers results. The queues that once defined our petrol stations are gone. Deregulation has reopened the downstream market and restored investor confidence in oil and gas, bringing new capital into deep-water, midstream, and modular-refinery projects. Parallel reforms in the Presidential CNG Initiative are changing urban mobility by replacing petrol fleets with cleaner and cheaper gas vehicles. At the same time, a nationwide solar-power rollout is providing electricity to schools, clinics, and small industries. Together, these initiatives reflect a balanced energy future built on efficiency, competition, and sustainability.

Security remains the foundation of every reform. In 2024, N3.85 trillion, about 13 percent of the national budget, was allocated to defence and internal security. For 2025, that figure rose to N6.57 trillion, with significant investment in equipment, intelligence, and personnel welfare. The Nigerian Air Force is modernising with 24 M-346 attack jets and 10 AW-109 helicopters. The Navy has commissioned new patrol ships and maritime helicopters to strengthen coastal and energy-asset protection. Across all theatres, joint operations by the Nigerian Armed Forces and intelligence agencies have neutralised tens of thousands of terrorists, insurgents and criminal elements, arrested many more, and rescued tens of thousands of hostages and displaced persons. The tempo has changed. Our armed forces now take the initiative rather than wait for it.

Infrastructure remains the bridge between ambition and opportunity. Across the country, more than 260 major projects in roads, bridges, ports, and pipelines are under construction or near completion. The Lagos to Calabar Coastal Highway and the Sokoto to Badagry Super Highway are redefining commerce and mobility. The national Bridge Fibre Project is expanding digital connectivity across cities and rural areas, strengthening the country’s broadband backbone and opening new corridors for education, innovation, and enterprise.

Digital governance reform is also deepening national capacity. The ongoing overhaul of the National Identity Management Commission has expanded NIN registration to tens of millions of citizens, creating a reliable digital backbone for planning, financial inclusion, and social protection. For the first time, national data is being harmonised across agencies, improving service delivery, strengthening security coordination, and helping the country plan development with precision.

Work along the River Niger corridor from Lokoja to Baro Port is progressing to enable future inland-waterway operations that can reduce transport costs and improve market access across regions. These projects reflect a deliberate effort to balance regional growth, from the Niger Delta cleanup and gas expansion in the South to new exploration in the North and industrial corridors across the Middle Belt.

Reform without human investment is reform without soul. The $2.2 billion Health Sector Renewal Programme is upgrading 17,000 primary health centres and training 120,000 health workers, while free caesarean care and subsidised dialysis are easing the burden on families. In education, student-loan schemes, digital-skills initiatives, and new STEM and AI curricula are preparing our young people for a digital economy. Through the Student Loan Fund, access to higher education is becoming a right, not a privilege. Its synergy with new financing institutions such as CREDICORP and the Nigeria Credit Guarantee Company ensures that young Nigerians can pursue knowledge with the same confidence that entrepreneurs pursue capital. Free technical and vocational training at the tertiary level will supply the technicians and artisans required for industrial growth.

Agriculture and food security have become the centre of national resilience. Beyond grains, the Federal Ministry of Livestock Development is unlocking a trillion-naira value chain in meat, dairy, and leather. Expanded fertiliser blending, mechanisation, irrigation, and storage are supporting millions of smallholders. With increased investment in rice, cassava, and cash-crop processing, Nigeria is moving toward genuine food sovereignty. Food security is not an aspiration but a necessity for economic stability.

The government’s economic renewal is also anchored on access to finance, enterprise, and inclusion. The establishment of CREDICORP, the Nigeria Credit Guarantee Company, and the Student Loan Fund has strengthened the foundation for a credit-based economy as well as human capital and domestic productivity. Together, these institutions expand access to credit for small businesses, farmers, civil servants, individuals, and students while derisking lending and empowering citizens to build their future without political connections. In promoting local production over import dependence, the Nigeria First Policy is not only conserving foreign exchange but also creating pathways for skilled youth employment and industrial apprenticeship across states.

I say this not out of any search for appointment or reward, but from a place of patriotism and perspective. From where I stand, and for every Nigerian, the true beauty of the Nigeria First Policy is that it invites us all to become participants in our country’s renewal. We can each now go into productive enterprise and live the Nigerian dream, so long as we care enough to believe in this nation and invest in our people, resources, and future.

In the midst of reform, President Tinubu’s words have been both compass and caution: “As we continue to reform the economy, I shall always listen to the people and will never turn my back on you.” That statement captures the essence of progressive governance which I define as courage guided by compassion. Under this directive, Nigeria’s social-protection system has been rebuilt on transparency and technology. The Conditional Cash Transfer programme now reaches more than 15 million households on a verified digital register, each linked to a NIN-validated wallet or bank account for direct payment. No intermediaries and no leakages. In addition, N344 billion has been disbursed in three tranches to the 36 states and the FCT to support local welfare and enterprise programmes. The Renewed Hope Ward Development Programme, which will operate across 8,809 wards, will economically engage over 10 million Nigerians and ensure that national policy translates into local opportunity.

The humanitarian principle of progressivism is simple. Reform must lift, not leave behind. Fiscal discipline restores credibility. Social investment restores trust. When citizens see roads being built, hospitals working, and social payments arriving on time, faith in reform deepens and the social contract is strengthened. Special attention is also being given to women, rural communities, and persons with disabilities through targeted enterprise and skills-support initiatives under the Renewed Hope framework.

The numbers also tell their own story of impact and renewed hope in Nigeria. Non-oil revenues continue to rise. Exports are diversifying. Nigeria has recorded its first trade and balance-of-payments surplus in years, a sign of growing production and renewed confidence in the naira. Oil output is improving, new investments are flowing into the upstream and midstream segments, and our current account is gaining strength as reforms take hold. President Bola Tinubu and his government recognise that inflation and living costs remain a strain on households, but the fiscal discipline now taking root is designed to restore purchasing power in a sustainable way. President Tinubu has also acknowledged that meaningful reform takes time. While citizens are beginning to see the first trickles of progress, the greater task is to ensure that these trickles flow downward to communities, markets, classrooms, and farms where growth becomes tangible and human.

The task ahead is to sustain this momentum but it won’t be easy. Every child must be in school. NIWA must be further strengthened to expand partnerships for safer and cleaner waterways. NDLEA must receive greater support to combat the rising threat of drug trafficking and addiction, and NAFDAC must be empowered with stronger laboratories and technology to protect the public from counterfeit medicines and unsafe food. These are not peripheral agencies. They are frontline guardians of national wellbeing, and their effectiveness determines the credibility of our progress.

Communities themselves must also understand that with all the support given to our security agencies and the military, their partnership is vital. Cooperation between citizens, traditional institutions, and security operatives will solidify these gains, strengthen intelligence at the grassroots, and prevent a return to disorder. National security is not the burden of the state alone. It is the shared duty of all Nigerians determined to protect their future.

The state governors of Nigeria, under this Renewed Hope and progressive compact, also have a historic role to play. We have faith that with President Tinubu’s commitment, they can write their names in gold, but that gold must first be mined in proper service of the people.

The progress of any nation is not measured only by its wealth, but by the collective will of its people to do right, even when it is hard. That is the essence of progressive governance and the covenant that must bind us for the next decade.

I imagine a Nigeria where every child learns, every farmer prospers, every hospital has power, and every young person earns a dignified living. That is the spirit of renewal behind this progressive decade. It is the belief that courage and compassion are not opposites but partners in building a fair and prosperous country. Tomorrow’s Nigeria is not waiting to be discovered. It is waiting to be delivered with courage, competence, and care. I am Rabiu Isyaku Rabiu and I endorse the publication of this message.

God bless our President.

God bless the Federal Republic of Nigeria.

•Alhaji Rabiu Isiyaku Rabiu is a business entrepreneur who advocates private-sector innovation that strengthens reform and institutional growth. Drawing from experience across critical sectors, his reflections on governance, accountability, and shared prosperity are grounded in both enterprise and national purpose.

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    Tinubu Inaugurates $400m Nigeria’s First Indigenous Crude Export Terminal in Rivers

    Tinubu Inaugurates $400m Nigeria’s First Indigenous Crude Export Terminal in Rivers

    •Says facility signals renewed hope in N’Delta, $5bn Energy Bank set to takeoff  

    •Komolafe discloses local players account for over 30% oil output  

    •1m barrels of  export operations already concluded, says GEIL chair

    Emmanuel Addeh in Abuja

    President Bola Tinubu yesterday commissioned the $400 million Green Energy International Limited (GEIL) crude oil export terminal in Otakikpo, Rivers State, the first by any Nigerian company, and the only one built in the country in over 50 years.

    Speaking at the event, the President said that the project represented a new chapter in Nigeria’s oil and gas industry and aligned directly with the core priorities of his administration to ramp up crude oil production by enabling a secure, transparent, and efficient evacuation system.

    Tinubu stated that the Otakikpo terminal will not only serve GEIL’s production, but will also open an efficient evacuation outlet for marginal and stranded fields across the Niger Delta region, unlocking billions of barrels of reserves and creating value for the economy.

    Represented by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Tinubu stressed that the project was also a shining example of his government’s expectation of current licensees. He noted that having provided what he described as ‘global competitive fiscals and incentives’, his expectation and hopes were that they will put fields to work to meet set obligations.

    On the Ogoni and federal government peace resolution, he stressed that only recently, the government, working with the people of the area and other stakeholders in Rivers State, reached a deal to pave the way for the resumption of oil exploration activities in Ogoni land.

    Describing it as a significant breakthrough, Tinubu stated that it reflects Nigeria’s collective commitment to dialogue, mutual respect, and sustainable development, explaining that the Otakikpo terminal is therefore not just an infrastructure project, but a signal of renewed confidence in Rivers State and the Niger Delta.

    “Today’s commissioning is more than just opening of a terminal, it is a testament of Nigeria’s resilience and commitment, a new era of indigenous participation, and progress in our oil and gas sector,” he added.

    Speaking on financing challenges in the oil and gas sector, the President stated that that era will soon be over, assuring that the $5 billion African Energy Bank (AEB) was about to commence operations and will ease the difficulty in getting funding.

    “Let me also assure Green Energy that the era of perhaps looking elsewhere for finance will soon be over. We have discovered that the biggest challenge we have in Africa is access to finance. And that was why we’ve come up with the African Energy Bank, which is ready to go.

    “Nigeria as the host country has met its obligations. We have met all our obligations, whether legal or financial. We have met all our obligations. We are waiting for the bank to take off, which I think will take off any moment from now,” Tinubu stated.

    According to the President, another big issue in the oil sector is evacuation of crude oil, noting that the new 750,000 barrels facility expandable to 3 million barrels, will help ameliorate such existing problems.

    He also cautioned against holding on to oil licences eternally without doing any serious field work, stressing that that era was also over for good.

    “There is always a minimum work obligation. The minimum work obligation must be met by all those who have marginal licenses. If you don’t have capacity to do it, you better go and look for something else to do instead of wasting your time in oil and gas,” he warned.

    Also speaking, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, described the terminal as historic on two levels, explaining that apart from expanding Nigeria’s crude export infrastructure at a critical time, it demonstrates the capacity of Nigerian operators to deliver world-class projects.

    Komolafe expressed the view that the Otakikpo terminal project was in alignment with the country’s current 1.8 million barrels per day national crude oil near-term production projection and the need for efficient evacuation.

    By creating an alternative export hub in Rivers State, Komolafe emphasised that the Otakikpo terminal reduces over-reliance on existing terminals, many of which are already operating at near capacity and are exposed to security and pipeline issues.

    According to him, the industry’s indigenous operators have evolved to the stage of accounting for 30 per cent of the national production, a testament to how Nigerians were taking over the oil and gas sector.

    “Also it is of benefit for indigenous producers. In the past,  Nigeria independents had to rely heavily on infrastructure owned by international oil companies often at high crude oil handling charges and transportation costs. In this situation we are all aspiring to reduce the unit cost per barrel.

     “The rise of indigenous terminals such as Otakikpo terminal will change that dynamic and give local companies direct control over evacuation. This will not only improve margins but also reduce delays and strengthen their overall competitiveness,” he added.

    In his remarks, the Chairman and Chief Executive of GEIL, Prof. Anthony Adegbulugbe, said the storage capacity of the terminal is currently 750,000 barrels, which is expandable to 3 million barrels.

    Besides, he disclosed that the facility has a pumping capacity of 360,000 barrels per day, pointing out that since June 2025, the company has completed four export operations, totalling 1 million barrels of crude oil.

    Beyond the numbers, the terminal, Adegbulugbe said, is a catalyst for national renewal as it opens the door for more than 40 stranded fields in the region, with over 3 million barrels of reserves, long held back by a lack of export infrastructure.

    According to him, the fields alone could contribute more than 200,000 barrels per day to the country’s production.

    “This terminal is not just another infrastructure project. It is the realisation of a vision that says Nigeria can lead. That Nigerian companies can deliver. That our energy future is ours to define. I am proud to state that this facility was conceived, designed, and delivered 100 per cent by Nigerian talent. From engineering to construction, it reflects the depth of expertise and capacity that resides in our nation.

    “This should give us all confidence: Nigerian innovation can drive Nigerian success; indigenous operators can execute world-class projects with excellence, within budget, and ahead of schedule,” Adegbulugbe stressed.

    ​  

    •Says facility signals renewed hope in N’Delta, $5bn Energy Bank set to takeoff   •Komolafe discloses local players account for over 30% oil output   •1m barrels of  export operations already concluded,

    With Reform Momentum, It’s Time to Bring Gains to the People, Says W’Bank

    With Reform Momentum, It’s Time to Bring Gains to the People, Says W’Bank

    •Projects 139 million Nigerians living in poverty, 4.4% economic growth, up from 4.2% 

    • FTSE Russell places Nigeria on watch list for possible return to Frontier Market Index 

    •Presidency reassures Nigerians of inclusive growth, economic relief

    Deji Elumoye, Ndubuisi Francis in Abuja, Nume Ekeghe and Kayode Tokede in Lagos

    The World Bank has again acknowledged important steps taken by Nigeria towards stabilising its economy through recent policy reforms, but underscored the need to ensure the gains trickle down to better living standards for its citizens.

    According to the latest Nigeria Development Update (NDU),  titled “From Policy to People: Bringing the Reform Gains Home,” which was released in Abuja, yesterday, Nigeria has recorded progress in economic growth, domestic revenue mobilisation, monetary policy, and external balances.

    However, it pointed to persistent challenges such as high food inflation, widespread poverty, and structural barriers that constrain inclusive growth.

    The NDU stated that Nigeria’s economy expanded by 3.9 per cent year-on-year in the first half of 2025, up from 3.5 per cent in the same period of 2024.

    The World Bank report came just as global index compiler, FTSE Russell,  placed Nigeria on its Watch List for a potential reclassification from Unclassified to Frontier Market status, signalling renewed investor confidence in the country’s improving foreign exchange conditions and capital repatriation environment.

    The World Bank report added that Nigeria’s economic growth was driven by strong performance in services and non-oil industries, alongside improvements in oil production and agriculture, stressing that the country’s external position has also strengthened, with foreign reserves exceeding $42 billion and the current account surplus rising to 6.1% of GDP, supported by higher non-oil exports and lower oil imports.

    According to the NDU,  on the fiscal side, despite lower oil prices, federal deficit is projected at 2.6 per cent of GDP in 2025, broadly unchanged from 2024, while public debt is expected to decline for the first time in over a decade—from 42.9 to 39.8 per cent of GDP.

    However, the report cautioned that these macroeconomic gains were yet to translate into tangible improvements in people’s lives.

    Many households, it pointed out, continue to face hardship, with poverty and food insecurity remaining high, adding that food inflation remains a major concern as  poor households who spend up to 70 per cent of their income on food—have seen the cost of a basic food basket rise five-fold between 2019 and 2024.

    The NDU noted that while current reforms are addressing long-standing policy distortions, sustained progress in livelihoods will depend on continued efforts to reduce inflation, foster inclusive growth, strengthen public services, and expand support for the most vulnerable.

    “The Nigerian government has taken bold steps to stabilize the economy, and these efforts are beginning to yield results,” said Mathew Verghis, World Bank Country Director for Nigeria. “But macroeconomic stability alone is not enough. The true measure of success will be how these reforms improve the daily lives of Nigerians—especially the poor and vulnerable.”

    The NDU listed three urgent priorities for Nigeria to embrace.

    These include tackling food inflation by removing trade barriers such as import bans and excessive duties, while addressing structural bottlenecks in seeds, input supply, security, logistics, and infrastructure (including transport, power, storage, and cold chains).

    The priorities also include improving the efficiency of public spending through greater fiscal transparency, stronger discipline in Federation Account (FAAC) deductions, and a national pact to align fiscal policy with development objectives, especially human capital investments.

    It also alluded to expanding and institutionalising social protection, including regular, domestically financed cash transfers for the ultra-poor and a shock-responsive safety net system to help households manage crises.

    Presenting the report, World Bank’s Senior Economist for Nigeria, Samer Matta argued that while the economic outlook remained cautiously optimistic, with growth projected to rise from 4.2 per cent in 2025 to 4.4 per cent in 2027, inflation would continue to pose a major challenge.

    “Food inflation remains the biggest tax on the poor,” Matta said, underscoring the need for continued monetary discipline and sustained structural reforms to ensure the benefits of economic recovery reach ordinary Nigerians.

    On his part, the World Bank Country Director for Nigeria, Mathew Verghis commended the Nigerian government for implementing bold policy reforms which have begun to stabilise the economy.

    However, he lamented that millions of Nigerians were yet to feel the benefits.

    “Over the last two years, Nigeria has tremendously implemented bold reforms — notably around the exchange rate and petrol subsidy.

    “These policies have laid the foundation for transforming Nigeria’s economic trajectory for decades to come,” Verghis said.

    Further acknowledging the impact of the reforms Verghis alluded to rising revenues, stabilising foreign exchange markets, growing reserves, and declining inflation.

    “Growth has picked up, revenues have risen, debt indicators are improving, the FX market is stabilising, reserves are rising, and inflation is finally beginning to come down. These are big achievements, and many countries would envy them,” he said.

    But, he noted that Nigeria now faces the urgent challenge of converting macroeconomic stability into welfare gains for its people.

    “Despite these stabilisation gains, many Nigerians are still struggling. In 2025, we estimate that 139 million Nigerians live in poverty. The challenge is clear: how to translate the gains from the reforms into better living standards for all,” he stated

    Food inflation must be tackled decisively to protect the poor and sustain political support for reforms, he said.

    “Food inflation affects everybody, but particularly the poor, and has the potential to undermine political support for reforms,” he said.

    “Tight monetary policy is important, but it must be complemented by structural reforms to address deep-seated supply and market constraints,” he further explained.

    Verghis assured that the World Bank was committed to supporting Nigeria’s economic reform agenda through policy advice, technical assistance, and financing.

    Meanwhile, global index compiler, FTSE Russell, has placed Nigeria on its Watch List for a potential reclassification from Unclassified to Frontier Market status, signalling renewed investor confidence in the country’s improving foreign exchange conditions and capital repatriation environment.

    The announcement, contained in the firm’s 2025 Annual Equity Country Classification Review, marks a major milestone for Nigeria, almost two years after it was delisted from all FTSE global indices due to severe dollar shortages which hindered investor exits and distorted the FX market.

    According to the statement published on the London Stock Exchange Group (LSEG) website, “Nigeria is being added to the Watch List for possible reclassification from Unclassified to Frontier Market status as the market meets the five FTSE Quality of Markets criteria required for attaining Frontier Market classification.”

    The firm recalled that Nigeria was downgraded from Frontier to Unclassified status in September 2023 “due to significant and ongoing delays in the ability of international institutional investors to repatriate capital from Nigeria and execute foreign exchange transactions.”

    However, the latest review acknowledges that conditions have improved materially under the Central Bank of Nigeria’s (CBN) reforms. “Market participants have reported that the aforementioned FX queues had been cleared and that international institutional investors are no longer experiencing any material delays in their ability to repatriate capital from Nigeria,” FTSE Russell stated.

    It added that “as Nigeria now meets the five FTSE Quality of Markets criteria required for attaining Frontier Market status within the FTSE Equity Country Classification scheme, Nigeria is added to the Watch List for potential promotion from Unclassified to Frontier Market status.”

    The decision follows extensive engagement with foreign portfolio investors who confirmed that repatriation bottlenecks have eased, and transparency in FX transactions has improved significantly since the CBN introduced reforms earlier in the year. These include the unification of exchange rates, the clearance of FX backlogs, and enhanced liquidity management in the Nigerian Foreign Exchange Market (NFEM).

    The Watch List designation, FTSE noted, allows for “in-depth engagement” with Nigerian authorities and market participants ahead of a potential reclassification decision. “As a result of recommendations received from the FTSE Equity Country Classification Advisory Committee and the FTSE Russell Policy Advisory Board, the FTSE Russell Index Governance Board approved the addition of Nigeria to the FTSE Watch List for possible reclassification,” it added.

    Market analysts interpret the decision as a strong endorsement of the CBN’s reform drive under Governor Olayemi Cardoso, who has prioritised restoring transparency and investor trust in the FX market following the volatility of 2023. Since early 2025, the apex bank has cleared significant FX obligations, improved trade settlement processes, and strengthened liquidity management tools, helping narrow the gap between the official and parallel market rates, rebuild reserves, and attract renewed foreign participation in Nigeria’s debt and equity markets.

    Reacting to the development, Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX Group), Mr. Temi Popoola, described Nigeria’s inclusion on the FTSE Russell Watch List as a testament to coordinated policy reforms and renewed investor optimism.

    “Nigeria’s inclusion on the FTSE Russell Watch List is more than recognition; it is a reaffirmation that policy consistency, transparency, and collaboration work.”

    “The recent reforms in the foreign exchange market, fiscal policy, and ease of doing business have collectively helped restore investor confidence and address key structural constraints. At NGX Group, we have always viewed such progress as a springboard for deeper capital market evolution. Our focus remains on sustaining liquidity, expanding listings, and leveraging technology and sustainability to enhance the quality of investor participation, ensuring that Nigeria’s market strength becomes both visible and investable on the global stage.”

    Observers have also commended the coordinated efforts of the Securities and Exchange Commission (SEC), the CBN, and NGX Group, noting that these institutions have strengthened the overall market ecosystem and aligned domestic market practices with international standards an effort that now positions Nigeria for possible reinstatement into the FTSE Frontier Market Index.

    Once successfully reclassified, Nigeria could regain visibility among global frontier peers such as Kenya, Ghana, and Côte d’Ivoire, and attract substantial passive inflows from institutional funds benchmarked to FTSE indices reinforcing the country’s return to the global investment map.

    Also, the Presidency yesterday reiterated that President Tinubu remains steadfast in the commitment to inclusive growth and implementing tangible measures to cushion effects of economic hardship nationwide.

    In a public enlightenment post on his verified X handle, @SundayDareSD, presidential spokesperson, Chief Sunday Dare, enumerated a broad range of programmes and fiscal reforms driving the administration’s economic recovery and social protection agenda.

    The Tinubu administration, he stated, “remains firmly focused on improving household welfare through targeted, verifiable interventions” designed to ensure that economic growth translates directly into improved living standards for citizens.

    He named the Conditional Cash Transfer (CCT) programme as one of the flagship interventions, noting that it has been expanded to reach up to 15 million households nationwide, with over N297 billion disbursed since 2023 to poor and vulnerable families.

    Beneficiaries, he said, are being enrolled through a verified digital process under the National Social Register.

    The presidential media aide also highlighted the Renewed Hope Ward Development Programme (RH-WDEP) as “a major new initiative targeting all 8,809 electoral wards,” delivering micro-infrastructure, livelihood support, and social services directly at the community level.

    According to him, the administration is consolidating the National Social Investment Programmes (NSIPs) — including N-Power, GEEP micro-loans (TraderMoni, MarketMoni, FarmerMoni), and the Home-Grown School Feeding Programme — to protect jobs, encourage small enterprise, and keep children in school.

    Dare said the administration’s food security initiatives are aimed at curbing inflationary pressure on staple goods through the distribution of subsidised grains and fertilisers, mechanisation partnerships, and the revival of strategic food reserves.

    He further mentioned the establishment of the Renewed Hope Infrastructure Fund (RHIF) to finance critical energy, road, and housing projects, which are expected to lower living costs and generate local employment.

    The National Credit Guarantee Company (NCGC), he further explained, is expanding access to affordable credit for small businesses, women, and youth entrepreneurs through risk-sharing partnerships with commercial banks.

    Dare acknowledged that reforms such as fuel subsidy removal, exchange rate unification, and fiscal redirection toward productive sectors have been challenging but described them as necessary choices to tackle the root causes of poverty rather than its symptoms.

    “Even the World Bank itself has acknowledged that these reforms are already restoring macroeconomic stability and renewed growth momentum,” he added.

    He stressed that while recovery is underway, the government’s focus remains on ensuring that “economic growth must be inclusive.”

    This, he said, means translating macroeconomic stability into affordable food, quality jobs, and reliable infrastructure that directly improve the lives of Nigerians.

    According to the presidential spokesperson, investments are being scaled up in agriculture, MSMEs, and power reliability.

    He said the agricultural value chain expansion programme, gas-to-power initiatives, and skills development hubs are all designed to create jobs and reduce living costs.

    “As these programmes mature, Nigerians should begin to feel more visible improvements in food prices, income, and purchasing power,” he assured.

    Dare explained that the Tinubu government is not merely reviewing but strengthening and consolidating its social investment architecture through a unified, data-driven framework to enhance transparency, accountability, and digital targeting.

    “This includes the scaling up of existing NSIP schemes, the ongoing expansion of the National Social Register, and the rollout of the Renewed Hope Ward Development Programme—ensuring no vulnerable community is left behind”.

    He emphasised that President Tinubu’s government remains focused on empowering households, expanding opportunity, and building a resilient, inclusive economy where growth translates directly to improved living standards.

    “The reforms are necessary. The direction is right. The foundation for a fairer and more prosperous Nigeria is being firmly laid,” the presidential aide said .

    ​  

    •Projects 139 million Nigerians living in poverty, 4.4% economic growth, up from 4.2%  • FTSE Russell places Nigeria on watch list for possible return to Frontier Market Index  •Presidency reassures

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