President Bola Ahmed Tinubu’s administration has reaffirmed its commitment to improving household welfare through several targeted and verifiable social and economic interventions aimed at reducing poverty and supporting vulnerable Nigerians.
According to the Presidency, the Conditional Cash Transfers (CCT) programme has been expanded to reach up to 15 million households across the country. Beneficiaries are verified through digital enrolment using the National Social Register, ensuring transparency and accountability. Since 2023, more than ₦297 billion has been disbursed to poor and vulnerable families.
A major initiative under the Renewed Hope agenda is the Renewed Hope Ward Development Programme (RH-WDEP), which targets all 8,809 electoral wards nationwide. The programme focuses on delivering micro-infrastructure projects, livelihood support, and essential social services directly at the community level.
The government also stated that the National Social Investment Programmes (NSIPs) have been strengthened to protect jobs and encourage small-scale enterprises. Components such as N-Power, Government Enterprise and Empowerment Programme (GEEP) micro-loans including TraderMoni, MarketMoni, and FarmerMoni, as well as the Home-Grown School Feeding Programme, are being scaled up to support low-income earners and keep children in school.
In tackling rising food prices, the administration has launched several food security initiatives. These include the distribution of subsidised grains and fertilisers, new mechanisation partnerships, and the revival of strategic food reserves aimed at reducing inflationary pressures on food staples.
The Renewed Hope Infrastructure Fund (RHIF) is another key policy, focusing on financing essential energy, road, and housing projects to lower the cost of living while stimulating local employment and productivity. The establishment of the National Credit Guarantee Company (NCGC) is also expanding access to affordable credit for small businesses, women, and youth entrepreneurs by working with commercial banks through risk-sharing mechanisms.
Government officials maintain that reforms such as the removal of fuel subsidies, exchange rate unification, and fiscal redirection toward productive sectors are difficult but necessary steps. “These are not easy choices,” a senior presidency source noted, “but they are the right ones to address the root causes of poverty rather than its symptoms.”
The World Bank has acknowledged that these reforms are beginning to restore macroeconomic stability and support renewed growth momentum.
The Presidency emphasized that economic recovery alone is not enough and must be inclusive. The medium-term plan aims to ensure that macroeconomic stability translates into tangible welfare gains through affordable food, better jobs, and reliable infrastructure.
Investments are being intensified in agriculture, MSMEs, and power reliability. New gas-to-power initiatives, agricultural value chain expansion, and youth-focused skills development hubs are expected to create employment and lower living costs.
“The government is not merely reviewing but consolidating its social investment structure,” the statement added. “We are integrating all welfare interventions under a unified, data-driven system to improve transparency and accountability.”
The administration reaffirmed that the ongoing expansion of the National Social Register and the rollout of the Renewed Hope Ward Development Programme will ensure that no vulnerable community is left behind.
President Tinubu’s government remains focused on empowering households, expanding opportunities, and building a resilient economy where growth translates directly into improved living standards. “The reforms are necessary,” the statement said. “The direction is right. The foundation for a fairer and more prosperous Nigeria is being firmly laid.”
