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Home Business & Finance Business Sustainability

FG, move to deliver reforms directly to 8,809 Nigerian wards

Quadri Olaitan by Quadri Olaitan
August 1, 2025
in Sustainability
0
youth

Renewed Hope Ward Development Programme to create jobs, boost food security, and reduce poverty across Nigeria’s 8,809 wards through federal-state collaboration

Renewed Hope Ward Development Programme is the Federal Government’s latest bold step to deliver real reform dividends to everyday Nigerians.

Also read: Nigeria’s poverty to increase 2027, World Bank warns

Unveiled at Thursday’s National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima, the programme targets job creation, food security, and poverty reduction at the grassroots level.

Under this plan, at least 1,000 economically active individuals in each of Nigeria’s 8,809 wards will receive direct support, stimulating local economic activities and bridging macroeconomic progress with street-level impact.

Minister of Budget and Economic Planning, Atiku Bagudu, said President Bola Tinubu hailed the initiative as historic and reflective of the administration’s commitment to inclusive growth.

“Having stabilised the macro-economy, we’re drilling down to the grassroots,” Bagudu said.

The Renewed Hope Ward Development Programme will be co-funded by federal, state, and local governments, leveraging increased Federation Account revenues.

It aligns with Chapter Two of the Constitution, which mandates all levels of government to foster a dynamic, self-reliant economy.

The NEC also endorsed making the Budget and Planning Ministry the programme’s secretariat, tasking it with coordinating intergovernmental efforts.

Imo State Governor Hope Uzodimma described the programme as a game-changer, ensuring that the gains from recent economic reforms — including fuel subsidy removal and forex liberalisation — begin to “touch the common man on the street.”

The meeting also addressed 2025 flood preparedness, with directives to release emergency funds and activate local emergency management committees across the country.

Minister of Finance Wale Edun confirmed that NEMA and related agencies would receive robust funding for proactive disaster management.

Despite progress, NEMA flagged issues such as weak urban planning enforcement, insecure flood-prone zones, and poor drainage.

NEC responded with a strong call to action urging governors to strengthen enforcement, sanitation, and emergency response.

Also read: Minority Caucus urges government action to address poverty and hunger after deadly stampedes

As Nigeria aims for a $1 trillion economy, the Renewed Hope Ward Development Programme could be the vital grassroots link between policy and prosperity.

Quadri Olaitan
Quadri Olaitan

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