President Bola Tinubu on Thursday unveiled about $3.05bn in World Bank-funded programmes aimed at reducing poverty, strengthening healthcare and education, and improving the livelihoods of vulnerable Nigerians, saying the gains of his administration’s economic reforms must be felt by every household.
Tinubu, represented by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, launched the Nigeria Community Action for Resilience and Economic Stimulus Additional Financing programme, the Solutions for Internally Displaced and Host Communities programme and the Human Capital Opportunities for Prosperity and Equity programme at the Presidential Villa, Abuja.
The President said the interventions marked a new phase in the implementation of his Renewed Hope Agenda by complementing macroeconomic reforms with targeted investments in social protection and human capital development.He said, “Positive results are emerging from our reforms. Robust growth is returning.
Confidence is rising. But that progress must be felt in every household, not just in national statistics.”
Tinubu added, “Real prosperity means no Nigerian is left behind on our journey to a $1tn economy by 2030.” According to him, the Renewed Hope Development Plan 2026-2030 provides the roadmap for translating economic stability into better livelihoods, with the new programmes serving as key implementation vehicles.
“NG-CARES, SOLID and HOPE are how we turn that roadmap into reality, taking our economic stability and converting it into better livelihoods in every ward, for every family,” he said.
The President said the package comprised about $1.25bn in total financing for NG-CARES, a $300m SOLID programme for internally displaced persons and host communities, and the $1.5bn HOPE programme, which focuses on governance, primary healthcare and education. Together, they amount to about $3.05bn in World Bank-supported financing.
However, The PUNCH observed that the $1.25bn NG-CARES package comprises $500m in additional financing and the existing programme envelope. He described the interventions as a unified national strategy to tackle poverty, improve service delivery, and build resilient communities.
“These five programmes are not separate entities. They are one coordinated national strategy for poverty reduction, human capital development, and community resilience,” Tinubu said.
He added that the programmes would align the Federal Government, states and local governments around a ward-based approach to improving livelihoods, education, healthcare and social protection.
“We’re building a Nigeria where extreme poverty is banished, where every child has access to quality education and healthcare, and where every community can withstand adversity and recover faster and stronger,” he said.
Earlier, the Minister of Budget and Economic Planning, Abubakar Bagudu, described the programmes as strategic interventions designed to translate the Renewed Hope Agenda into measurable improvements in the lives of poor and vulnerable Nigerians.
He said the initiatives would strengthen social protection, expand economic opportunities, improve human capital outcomes, and support vulnerable communities across the country.