President Bola Tinubu has unveiled about $3.05 billion 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, on Thursday.
According to the president, 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.
“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.”
“Real prosperity means no Nigerian is left behind on our journey to a $1tn economy by 2030,” the president stated.
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.
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.
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.
The Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, said reforms in the health sector were already yielding measurable results. He said over 3,000 primary healthcare centres had been revitalised in the past three years, with another 1,900 projects underway, while more than 43,000 women and newborns had benefited from emergency medical transport services.
Minister of Education, Dr Maruf Alausa, said the education component of the HOPE programme represented a $552m investment supported by the World Bank and the Global Partnership for Education.
He said the programme would benefit nearly 30 million Nigerian children across the 36 states and the Federal Capital Territory, support about 500,000 teachers and improve learning in 75,000 public schools.
Also speaking, the Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, said the SOLID programme would move displaced persons from emergency relief to long-term resilience and self-reliance.
The World Bank Country Director for Nigeria, Matthew Verghis, said the programmes demonstrated the importance of investing in Nigeria’s people and commended the collaboration between the Federal Government and the states.
