“I Assure Nigerians That The Best Is Yet To Come Under The Renewed Hope Agenda 2.0–Tinubu

President Bola Tinubu has called on state governments across Nigeria to manage their increased revenues responsibly and channel more public funds into projects that directly improve the welfare of citizens.

The President urged governors to give greater attention to critical sectors, particularly healthcare and education, while ensuring that additional financial resources translate into better living conditions for residents in their respective states.

Tinubu’s position was conveyed in a statement issued on Sunday, October 11, 2026, by his Special Adviser on Information and Strategy, Bayo Onanuga, according to a report by Punch.

The statement linked the President’s appeal to the World Bank’s October 2026 Nigeria Development Update, titled “Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities.”

The report examined the impact of changes in government revenue on spending decisions by state administrations following the economic reforms introduced by the Tinubu government.

According to the Presidency, the World Bank’s findings support the administration’s argument that its economic policies are helping to strengthen Nigeria’s financial position and create conditions for sustained economic growth.

Tinubu attributed the reported improvement in government revenue and economic stability to several major policy decisions taken since he assumed office.

Among the measures he highlighted were the removal of the petrol subsidy, the unification of the foreign exchange market and efforts to enforce fiscal discipline.

The President maintained that although the reforms involved difficult adjustments, they were necessary to address longstanding economic challenges and improve the country’s financial outlook.

With state governments reportedly receiving more resources, Tinubu said governors now had a greater responsibility to ensure that public funds were used to address the needs of their populations.

He emphasised that higher revenue should produce visible improvements in public services rather than remain reflected only in government financial records.

He particularly encouraged state administrations to increase investments in hospitals, schools and essential infrastructure, stressing that these areas were fundamental to improving the quality of life of Nigerians.

The President’s appeal also came amid efforts by his administration to extend the benefits of its economic policies to households affected by rising living costs and other financial pressures.

According to the statement, the federal government plans to expand targeted cash transfers to vulnerable families, speed up the deployment of Compressed Natural Gas (CNG), improve agricultural productivity and strengthen access to affordable healthcare and quality education.

These initiatives, the Presidency explained, form part of the government’s broader strategy to ensure that economic reforms are accompanied by improvements in household welfare and access to essential services.

Tinubu maintained that economic growth would be more meaningful if its benefits reached ordinary citizens, particularly those facing financial difficulties. He also stressed the need to strengthen food production and make critical public services more accessible to communities across the country.

The Presidency cited figures from the World Bank report indicating that Nigeria’s economy grew by 4.2 per cent during the first half of 2026, compared with 3.9 per cent in the corresponding period of 2025.

The statement said the reported expansion occurred despite disruptions linked to the conflict in the Middle East, which has affected international economic conditions and contributed to pressure on global fuel prices.

On inflation, the Presidency highlighted a decline in the rate during 2025, from 27.6 per cent in January to 15.2 per cent in December. However, it acknowledged that rising international fuel prices associated with the Middle East conflict had slowed the pace of further reductions.

The World Bank was also reported to project that inflation could fall to approximately 12 per cent by 2028. The Presidency cited the projection as part of its explanation of the economic outlook while recognising that developments outside Nigeria continued to influence domestic prices.

Tinubu further pointed to a reported 151 per cent increase in state governments’ capital expenditure in real terms during the period examined by the World Bank.

The increase, according to the Presidency, reflected changes in the spending capacity and priorities of state administrations following the rise in available revenue.

The President urged governors to ensure that the additional funds were invested in projects with clear benefits for residents, including better healthcare facilities, improved educational infrastructure and public works capable of supporting economic activities.

He also emphasised prudent financial management, noting the importance of accountability in determining whether increased allocations were delivering meaningful improvements to communities.

The Presidency’s position places greater emphasis on how state governments allocate their resources, particularly as citizens continue to expect improvements in essential services and public infrastructure.

Tinubu also acknowledged the role of cooperation between the federal government, state administrations and other stakeholders in implementing the country’s economic reforms.

He commended the Economic Management Team, led by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, alongside state governors and other participants, for their contributions to the reform process.

He said continued collaboration among the different levels of government would be important to sustaining economic progress and ensuring that its benefits were more widely distributed.

The President reiterated his administration’s commitment to its economic and social development programme under the Renewed Hope Agenda, with particular attention to vulnerable households, agricultural development and improved access to essential public services.

Looking ahead, Tinubu expressed confidence in the next phase of the programme, known as Renewed Hope Agenda 2.0, which he said would focus on accelerating shared prosperity and improving the impact of government policies on Nigerians.

He said, “I assure Nigerians that the best is yet to come under the Renewed Hope Agenda 2.0, which will accelerate the delivery of shared prosperity for all Nigerians.”