From Juliana Taiwo-Obalonye, Abuja
The Presidency has reiterated President Bola Tinubu’s dedication to fostering inclusive economic growth and rolling out impactful measures to ease the financial burdens faced by Nigerians.
Special Adviser on Media and Public Communication, Sunday Dare, shared this assurance via his verified X account, @SundayDareSD, on Wednesday, October 8, 2025, outlining key programmes and fiscal reforms underpinning the government’s agenda for economic recovery and social protection.
Highlighting targeted interventions, Dare emphasised the administration’s priority to improve household welfare through verifiable initiatives. He pointed to the Conditional Cash Transfer (CCT) scheme, which has been widened to cover 15 million households nationwide, with over ₦297 billion disbursed since 2023 to vulnerable families enrolled via the National Social Register.
A pivotal community-focused effort, the Renewed Hope Ward Development Programme (RH-WDEP), aims to boost infrastructure, livelihood opportunities, and social services across all 8,809 electoral wards.
He also highlighted consolidating existing social investment programmes such as N-Power, GEEP micro-loans (including TraderMoni, MarketMoni, and FarmerMoni), and the Home-Grown School Feeding Programme to safeguard jobs, support small businesses, and maintain school attendance.
Dare highlighted food security efforts targeting inflation control on staple commodities through subsidised grain and fertiliser distribution, mechanisation collaborations, and renewed strategic food reserves.
Complementary to these, the establishment of the Renewed Hope Infrastructure Fund (RHIF) will finance essential energy, transport, and housing projects aimed at reducing living costs and generating local employment.
To widen financial inclusion, the National Credit Guarantee Company (NCGC), Dare explained, is expanding affordable credit access for small businesses, women, and youth via risk-sharing partnerships with commercial banks.
Acknowledging the challenges posed by reforms such as the removal of fuel subsidies, exchange rate unification, and budget refocus on productive sectors, he described these moves as critical to addressing the root causes of poverty. He noted the World Bank’s recognition of the reforms’ role in restoring macroeconomic stability and growth momentum.
The government is committed to translating macroeconomic gains into affordable food, quality jobs, and improved infrastructure that tangibly enhance Nigerian lives. Investments are growing in agriculture, MSMEs, and power supply reliability through initiatives like agricultural value chain development, gas-to-power projects, and skills hubs.
As these programmes mature, more visible improvements in food affordability, income levels, and purchasing power are expected, Dare assured.
The administration, he added, is further strengthening the social investment framework through a unified, data-driven approach aimed at improving transparency, accountability, and precision in targeting vulnerable populations. This includes expanding the National Social Register and implementing the Renewed Hope Ward Development Programme to ensure no community is excluded.
President Tinubu’s government remains focused on empowering households, expanding opportunities, and building an inclusive economy where growth directly raises living standards.
“The reforms are necessary. The direction is right. The foundation for a fairer and more prosperous Nigeria is being firmly laid,” Dare concluded.
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