The Tinubu administration's Renewed Hope Agenda is a comprehensive strategy aimed at transforming Nigeria across various sectors.
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Bold and strategic measures were necessary to address the deep-rooted structural deficiencies and systemic challenges that plagued the economy. Reforms in the power sector aim to sustain electricity subsidies for 85% of Nigerian consumers, cutting back on subsidies for affluent individuals, businesses, and industrial clusters. The establishment of a Presidential Fiscal Policy and Tax Reform Committee seeks to reform the tax system and reduce the tax burden on Nigerians.
Significant investments in modernizing and equipping the nation’s security forces have yielded results: over 4,600 hostages have been freed, more than 9,300 hostiles neutralized, and over 7,000 terrorists, bandits, and criminals arrested. The Federal Government launched the N50 billion Pulako Initiative targeting seven states—Katsina, Zamfara, Sokoto, Niger, Kaduna, Benue, and Kebbi—to combat banditry and cattle rustling. This initiative supports conflict resolution, community reconstruction, and assistance to farmers and herders. Vice President Kashim Shettima inaugurated the Steering Committee for the Initiative on February 13, 2024.
The successful completion of the rehabilitation of the Port Harcourt refinery is already a potential boost to local refining capacity in the country. Additionally, the payment of $1.3 billion in debts owed to gas firms ensures a sustained gas supply to power-generating companies across the country. The Tinubu administration’s effort to deepen CNG adoption has been largely acknowledged in several initiatives, including the concerted efforts to complete the construction of the Ajaokuta-Abuja-Kano Gas Pipeline Project and the recent commissioning of three gas projects in Delta and Imo State. These initiatives underscore the administration’s vision to ensure self-sufficiency in gas for domestic consumption and export.
The rail line between Port Harcourt and Aba, part of the 1,443-kilometre Port Harcourt to Maiduguri rail line, became operational under this administration. An ongoing effort is underway to rehabilitate the entire Eastern Corridor and provide alternative means of transportation for goods and services.
To complement these efforts at the state level, the President established an Infrastructure Support Fund for States to invest in critical areas that will create an enabling environment for businesses. Regarding social investment, the Student Loans Act 2024 and the establishment of the Nigerian Education Loan Fund highlight the administration’s commitment to broadening access to education. The student loan programme aims to support 1.2 million students in its first phase. Furthermore, construction is underway for student hostels with a capacity of 1,600 across 24 tertiary institutions, and N5.
Additionally, the Tinubu administration unveiled the National Job Centre, a groundbreaking innovation to revolutionise the job market and foster better employment opportunities for Nigerian youth. Powered by the Federal Ministry of Industry, Trade, and Investment, the Centre is a centralised platform to match available vacancies in industries and businesses nationwide with the vast talent pool of job seekers.
The Outsource to Nigeria Initiative , launched by Vice-President Kashim Shetimma in Gombe, is a partnership between the public and private sectors to unlock millions of job opportunities in the country’s Business Process Outsourcing and IT-enabled services sector. One of these initiatives is the unveiling of the MOBILIZER app for citizen engagement and mobilisation by the Federal Ministry of Information and National Orientation. This tool ensures that citizens are well-informed about government activities, policies, and programmes, enabling them to participate actively in the governance process and contribute to national development as critical stakeholders.
The Tinubu administration has launched several initiatives to enhance transparency and accountability in the public sector. These efforts include the digitalization of government services to reduce opportunities for corrupt practices. Additionally, various agencies have invested in advanced technologies, such as blockchain for tracking financial transactions, artificial intelligence for data analysis, and forensic tools for detailed investigations.
Significant investments have been made in renovating and upgrading sports facilities. The administration has also promoted private sector investment in sports, viewing it as a business. This approach is exemplified by the implementation of the National Sports Industry Policy , leading to landmark partnership agreements between the Federal Ministry of Sports Development and private-sector organizations like Yanga Games Technology , EFFA Management Consortium, and GTI Assets.
Economic empowerment programmes have been a cornerstone of President Tinubu’s strategy to enhance women’s roles in the economy. The administration has launched programmes that provide vocational training, startup kits, and access to funding, aiming to support women’s financial independence and entrepreneurial endeavors. In addition to general economic empowerment initiatives such as the Owo oja and Iyaloja schemes, specific support has been directed toward women with disabilities.
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