The Renewed hope Grassroots Initiatives has commended President Bola Ahmed Tinubu for his giant economic strides in Nigeria.
The Director General of the Group, Mr. Jaafaru Sa’ad gave the commendation at a press conference in Abuja.
He said that “economic growth is returning to Nigeria courtesy of the many works and reforms being carried out by the President.
“Inflation, which reached a 30-year high of 34.8% in December 2024, declined to 15.2% by December 2025. The International Monetary Fund (IMF) projects that Nigeria’s economy will expand by 4.4% in 2026, largely driven by ongoing economic reforms.
“Another key indicator of economic recovery is the rise in the Central Bank of Nigeria (CBN)’s foreign exchange reserves, which have increased to $46 billion — the highest level recorded in the past seven years.
“On October 24, 2025, the President also welcomed Nigeria’s removal from the Financial Action Task Force (FATF) grey list. This development marks a significant milestone in the country’s financial governance reforms. Previously, being on the grey list led to increased scrutiny, international transaction friction, and higher costs for Nigerian businesses. Nigeria’s delisting now signals renewed global confidence in its commitment to combating money laundering and terrorist financing,“Mr. Sa’ad said.
He also said that other key areas that have helped the economy through the initiatives of the President include the removal of fuel subsidies, foreign exchange reforms that have bolstered investor confidence, and over $5 billion in oil and gas investment decisions in 2024.
“On Education and Social Welfare, an area that touches directly on the life of Nigerian youths, Mr. President came up with the Nigerian Education Loan Fund, NELFUND Programme. The Nigerian Education Loan Fund (NELFUND) was established to provide financial assistance to students pursuing higher education, aiming to increase access and reduce financial barriers. Data released by (NELFUND shows that within just 12 months, the government under the Tinubu-led administration was able to give over 550,000 with a N56.85 billion disbursements. Tinubu’s administration grants access to education for the poor and middle classes who would not have considered education. The administration also announced a monthly N45, 000 stipend for technical college students across the country,” Sa’ad said.
“Similarly, an $800 million cash transfer programme was launched to support up to 70 million Nigerians affected by economic reforms, particularly the removal of fuel subsidies, he said.
The Director-General also stated that the government has inaugurated the Alternate Education and Renewed Hope National Home-Grown School Feeding Project, with a target of reaching 20 million out-of-school and informal children by 2026.
Sa’ad noted that the administration remains committed to national integration through large-scale infrastructure projects. These include the 1,068km Sokoto–Badagry Super Highway, the 750km Lagos–Calabar Coastal Highway, and the Trans-Saharan Highway linking Calabar, Ebonyi, Benue, Kogi, Nasarawa, and Abuja.
Other projects include; the ongoing construction of the Enugu–Port Harcourt Road, as well as sections of the Enugu–Onitsha highway and the Abuja–Kaduna–Zaria–Kano Road, alongside the completion of the Bodo–Port Harcourt Road. He said these projects demonstrate a vision for a more connected and prosperous Nigeria.
He urged citizens to support the administration’s mandate for stability, adding that efforts are ongoing to build a nation where every region contributes to and benefits from collective progress.
Sa’ad also referenced the bailout funds approved for state governments, noting that they have helped address delays in the payment of Civil servants’ salaries.
He added that, in light of these achievements and others, members of the Renewed Hope Grass Root Initiatives (RHGI) are calling on Nigerians to support President Bola Ahmed Tinubu for another four-year term in 2027 to consolidate ongoing reforms.
