The Federal Government has announced that a total of ₦297 billion has been disbursed to about 15 million households across the country under its expanded Conditional Cash Transfer (CCT) programme. This initiative is part of ongoing efforts to cushion the effects of economic hardship and promote inclusive growth.
The Special Adviser to the President on Media and Public Communication, Chief Sunday Dare, said on Wednesday that President Bola Ahmed Tinubu remains committed to ensuring that ongoing economic reforms translate into better living standards for citizens.
According to Dare, the Tinubu administration “remains firmly focused on improving household welfare through targeted, verifiable interventions,” stressing that the goal is not only achieving macroeconomic stability but ensuring visible improvements in the lives of ordinary Nigerians.
He explained that the CCT, one of the administration’s major social protection programmes, has been expanded to reach millions of poor and vulnerable households nationwide. Beneficiaries, he said, were enrolled through a verified digital process under the National Social Register to ensure transparency and accountability.
As obtained by Nigeriastartupact.ng, Dare also highlighted the Renewed Hope Ward Development Programme (RH-WDEP) as one of the new grassroots initiatives targeting all 8,809 electoral wards across the country. According to him, the programme delivers micro-infrastructure, livelihood support, and social services directly at the community level to stimulate local development and improve welfare.
The presidential aide noted that the administration is consolidating and expanding the existing National Social Investment Programmes (NSIPs), which include N-Power, GEEP micro-loans such as TraderMoni, MarketMoni, and FarmerMoni, as well as the Home-Grown School Feeding Programme. These programmes are designed to protect jobs, boost small enterprises, and keep children in school.
Speaking on food security, Dare said the government is implementing several interventions to ease inflationary pressures on essential goods through the distribution of subsidised grains and fertilisers, mechanisation partnerships, and the revival of strategic food reserves. He added that these efforts are aimed at stabilising food prices and improving household nutrition.
He further explained that the Renewed Hope Infrastructure Fund (RHIF) would finance key projects in road construction, energy, and housing to lower living costs and create new employment opportunities for Nigerians.
Similarly, the National Credit Guarantee Company (NCGC) is expanding access to affordable credit for small businesses, women, and youth entrepreneurs through partnerships with commercial banks. Dare said this initiative will help strengthen small and medium-scale enterprises and drive inclusive economic growth.
While acknowledging that some reforms, such as the removal of fuel subsidy and the unification of exchange rates, have been challenging for citizens, Dare described them as “bold and 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 stated.
He added that the administration is scaling up investments in agriculture, MSMEs, and reliable power supply to generate jobs and reduce living costs. The agricultural value chain expansion, gas-to-power projects, and new skills development hubs, he said, are designed to empower households and support local production.
“As these programmes mature, Nigerians should begin to feel more visible improvements in food prices, income, and purchasing power,” he assured.
The presidential aide further emphasised that the Tinubu administration is strengthening its social investment structure through a unified, data-driven framework to ensure transparency and effective targeting. “This includes scaling up existing NSIP schemes, expanding the National Social Register, and rolling out the Renewed Hope Ward Development Programme — ensuring that no vulnerable community is left behind,” he said.
Dare reaffirmed 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,” he added.