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President Bola Tinubu on Thursday launched five World Bank-backed programmes worth $3.05 billion to accelerate poverty reduction, strengthen human capital development, and build community resilience across Nigeria.
The programmes, unveiled at an event in Abuja, comprise 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 three components of the Human Capital Opportunities for Prosperity and Equity programme: HOPE-GOV, HOPE-PHC, and HOPE-EDU.
Tinubu, who was represented by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the initiatives as “promises kept” under his Renewed Hope Agenda.
“These are not just programmes. They are promises kept. Under our Renewed Hope Agenda, we came into office pledging to reform the economy, secure the nation, and invest in our people. Today, we act on that pledge – protecting the vulnerable, empowering communities, and building the human capital that will carry Nigeria forward,” Tinubu said.
The president said positive results were emerging from economic reforms, with robust growth returning and confidence rising, but stressed that progress must be felt in every household.
“Real prosperity means no Nigerian is left behind on our journey to a US$1 trillion economy by 2030,” he said.
Citing economic indicators, Tinubu noted that real GDP grew by 11.2 percent last year, with nearly 10 percent per capita income growth in dollar terms. He said foreign reserves had surpassed $50 billion, while inflation had fallen sharply from its 2024 peak.
The NG-CARES Additional Financing is a $1.25 billion World Bank-supported programme focusing on smallholder farmers and small and medium-sized businesses.
The SOLID programme is a $300 million World Bank-financed initiative that bridges humanitarian relief and long-term development by investing in infrastructure, livelihoods and essential services for internally displaced persons and host communities.
The project is expected to benefit up to 7.4 million people, of whom up to 1.3 million are internally displaced persons.
The HOPE programme, valued at $1.5 billion, represents the administration’s flagship investment in human capital.
Through HOPE-GOV, HOPE-PHC, and HOPE-EDU, the government aims to strengthen primary healthcare, improve foundational learning in public schools, support teachers, and build more transparent and effective governance at the ward level.
Tinubu described the programmes as a coordinated national strategy for poverty reduction, human capital development and community resilience.
“Livelihoods, healthcare, education, social protection, and support for displaced communities reinforce one another where it matters most: at the grassroots,” he said.
He said that through a ward-centric approach, federal, state and local governments were being aligned around a single goal of making every ward a place of real service delivery and opportunity.
The president called on state governments, development institutions and implementing agencies to rise to the moment.
“Success depends on all of us. To our State Governments, working through the National Economic Council: NG-CARES succeeds through your implementation. HOPE succeeds through your commitment to reform. SOLID succeeds through your engagement with communities.
“I ask every Federal, State, and Local Government partner, every development institution, and every implementing agency to rise to this moment with us.
“We are building a Nigeria where extreme poverty is banished, where every child has access to quality education and healthcare, and where every community can withstand adversity and recover stronger. That is our vision. That is our promise.”
STATEHOUSE PRESS RELEASE
KEYNOTE ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR, AT THE UNVEILING OF THE NG-CARES ADDITIONAL FINANCING, SOLID, AND HOPE PROGRAMMES
Thursday, July 16, 2026
Delivered by Hon Minister of Finance and CME @taiwoyedele
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Today, we take a decisive…
— Mohammed Idris, FNIPR (@HMMohammedIdris) July 16, 2026
