President Bola Tinubu officially launches five massive, World Bank-backed national development programmes-NG-CARES AF, SOLID, and the HOPE trio-representing a combined $3.05 billion investment aimed at cascading macroeconomic stability down to the grassroots.
In a monumental stride toward domestic poverty alleviation and human capital development, President Bola Ahmed Tinubu has officially launched five landmark national development programmes valued at over three billion dollars.
The historic unveiling, held on Thursday at the State House Conference Centre in Abuja, was delivered on behalf of the President by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.
Under the central theme of converting macroeconomic stability into direct, household-level prosperity, the federal government presented a unified national strategy designed to touch every ward in the country.
This coordinated rollout introduces the Nigeria Community Action for Resilience and Economic Stimulus Additional Financing (NG-CARES AF), the Solutions for Internally Displaced and Host Communities Programme (SOLID), and the comprehensive, three-pronged Human Capital Opportunities for Prosperity and Equity initiatives, known as HOPE-GOV, HOPE-PHC, and HOPE-EDU.
The President characterized these sweeping welfare and development programmes as promises kept under his administration’s Renewed Hope Agenda, emphasizing that while tough economic overhauls have yielded stellar macroeconomic victories, the ultimate success of any reform lies in its ability to uplift ordinary citizens.
Backing his assertion with robust data, President Tinubu noted that the nation’s real Gross Domestic Product (GDP) soared by 11.2% in the previous year, with per capita income growing by nearly 10% in dollar terms.
With Nigeria’s foreign reserves surging past fifty billion dollars and inflation continuing its sharp decline from its 2024 peak, the President declared that the foundational stage of recovery has been securely laid. He noted that previous interventions, including expanded cash transfers, have already successfully reached fifteen million vulnerable households, lifting roughly 7.5 million citizens out of extreme poverty, and that these new initiatives will build directly upon this momentum to secure a one-trillion-dollar economy by 2030.
At the heart of the launch is a highly structured, multi-sector financial mobilization supported heavily by the World Bank.
The first program, NG-CARES Additional Financing, injects 1.25 billion dollars into bolstering smallholder farmers and driving the growth of small and medium-scale enterprises.
The second initiative, SOLID, deploys 300 million dollars to bridge the critical gap between emergency humanitarian relief and long-term infrastructure construction for displaced populations and their host communities.
Finally, the flagship 1.5-billion-dollar HOPE suite stands as a direct investment in the Nigerian people, designed to revitalize primary healthcare centers, upgrade foundational public school learning, retrain educators, and institute transparent, digitized local governance at the ward level.
Commending the collaborative leadership of the Ministers of Budget, Education, and Health, the President called upon all State Governments, local government chairmen, and global development partners to approach the execution of these initiatives with absolute transparency and commitment, ensuring that every ward in the federation becomes a localized hub of service delivery and real economic opportunity.
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