EXECUTIVE SUMMARY
President Bola Ahmed Tinubu's historic victory and
assumption of office on May 29, 2023, marked a significant turning point in
Nigeria's democratic journey. His commitment to democracy and visionary
leadership, encapsulated in the 8-Point Renewed Hope Agenda, have inspired
confidence and trust among Nigerians, promising a new era of hope and
transformation.
Economic
Rebirth: Facing economic
turmoil, widespread poverty, and rising unemployment, President Tinubu
implemented bold reforms to stabilise the economy. The withdrawal of the
unsustainable fuel subsidy and the unification of the FOREX market were pivotal
steps, redirecting funds to critical sectors like healthcare, education, and
infrastructure. These measures have reduced petrol importation by 50% and
boosted investor confidence, making the Nigerian Stock Exchange the
top-performing bourse globally.
Strengthening National Security: President Tinubu
has prioritised national security, leading to significant investments in modernising
and equipping the nation's security forces. Over 4,600 hostages have been freed, more than 9,300 hostiles
neutralized, and over 7,000 terrorists and bandits arrested. Establishing the
N50 billion Pulako Initiative and annually recruiting 30,000 new police
personnel further underscore the administration's commitment to a safer
Nigeria.
Boosting
Agriculture and Food Security: To tackle food security, the administration
declared a state of emergency and launched the National Agricultural
Development Fund with N100 billion. Initiatives like the Dry Season Farming
Initiative and the Green Imperative Programme aim to promote year-round farming
and provide farmers with access to modern equipment and low-interest loans,
ensuring a stable food supply.
Unlocking
Energy and Natural Resources: The Renewed Hope Agenda focuses on developing
renewable energy sources and enhancing the efficiency of the oil and gas
sector. Policy directives have improved the investment climate, increased crude
oil and NLNG production, and initiated significant projects like rehabilitating
the Port Harcourt refinery and constructing the Ajaokuta-Abuja-Kano Gas
Pipeline.
Transforming
Infrastructure and Transportation: Significant investments in infrastructure are
underway, including operationalising the Port Harcourt-Aba rail line and
constructing the Lagos-Calabar Super Highway. The Renewed Hope Infrastructure
Development Fund aims to raise N20 trillion to deliver critical projects and modernise
ports and aviation facilities, creating an enabling environment for businesses.
Improving
Education, Health, and Social Investment: The administration is expanding primary health
centres and upgrading tertiary hospitals, ensuring better access to healthcare.
The Student Loans Act 2024 and the establishment of the Nigerian Education Loan
Fund highlight a commitment to broadening access to education. Social welfare
schemes, including cash transfers and microcredit programmes, aim to uplift
vulnerable households and support small businesses.
Accelerated
Diversification through Youth-Driven Industrialization, Digitization, and
Innovation: Recognising the youth as invaluable assets,
the administration has launched initiatives like the Three Million Technical
Talent Initiative and the iDICE Programme to empower young Nigerians with
digital skills. The National Job Centre and the National Talent Programme aim
to create employment opportunities and support youth-owned enterprises.
Improved
Governance for Effective Service Delivery: To enhance service delivery, the administration
has introduced the MOBILIZER app for citizen engagement and launched the
Citizens’ Delivery Tracker App to assess public officials' performance. Reforms
recommended by the Oronsaye Report aim to rationalise and restructure
government agencies, increasing transparency and efficiency.
Conclusion: The Renewed Hope Agenda is a comprehensive strategy
driving Nigeria towards sustainable development and improved quality of life. President
Tinubu's administration is laying the foundation for lasting progress and a
brighter future for all Nigerians through strategic investments, youth
empowerment, and improved governance.
Introduction
Nigeria's democratic journey
has often been met with challenges. But President Bola Ahmed Tinubu's election
marked a significant turning point. His historic victory and assumption of
office on May 29, 2023, heralded a new era of hope and transformation for the
nation.
As a statesman with
remarkable credentials and a commitment to democracy, President Tinubu has long
been a unifying force across Nigeria. His tireless efforts in building bridges
and listening to Nigerians' concerns, hopes, and aspirations have positioned
him as a leader capable of realising the dreams of a united, prosperous, and
inclusive Nigeria. His vision is encapsulated in the 8-Point Renewed Hope
Agenda, which has inspired confidence and trust among the electorate.
The 8-Point Renewed Hope Agenda
1 Reforming the Economy for
Inclusive Growth
2 Strengthening National
Security
3 Boosting Agriculture for
Food Security
4 Unlocking Energy and
Natural Resources
5 Enhancing Infrastructure
and Transportation
6 Focusing on Education,
Health, and Social Investment
7 Accelerating Diversification
through Industrialisation, Digitisation, Creative Arts, Manufacturing, and
Innovation
8 Improving Governance for
Effective Service Delivery
Economic Rebirth
President Tinubu assumed
office during one of Nigeria's most challenging periods, marked by economic
turmoil, widespread poverty, rising unemployment, and public disillusionment.
Faced with these daunting realities, the administration took decisive action
and implemented long-overdue reforms to save the economy from collapse.
Bold and strategic
measures were necessary to address the deep-rooted structural deficiencies and
systemic challenges that plagued the economy. Despite our country’s complexities
and some citizens’ resistance to change, President Tinubu remained resolute in
his commitment to steering the nation toward stability and prosperity.
One of the foremost steps
was the withdrawal of the unsustainable fuel subsidy, which drained
approximately $10 billion annually, or 2% of the nation’s GDP. This move
allowed for the redirection of funds towards critical sectors such as
healthcare, education, infrastructure, and security, which directly impact
citizens' well-being and prosperity. The policy has already led to a 50%
reduction in petrol importation and increased monthly receipts for states and
local governments from the Federal Accounts Allocation Committee (FAAC).
The administration also
ended the foreign exchange subsidy, unifying the FOREX rate market to reflect
the actual value of the Naira. Reforms in the Bureau De Change (BDC) operations
and the lifting of FOREX restrictions on certain imports boosted investor
confidence. These measures helped the Central Bank of Nigeria settle a $7
billion backlog in foreign exchange, making the Nigerian Stock Exchange the
top-performing bourse globally and the Naira one of the top-performing
currencies as of April 2024.
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.
The administration's
removal of fuel subsidy was accompanied by comprehensive intervention
programmes to cushion the transitional pains of the policy. These programmes
include:
1.A wage award of N35,000
monthly for civil servants for six months.
2.Setting up a tripartite
committee to work out a new minimum wage for workers.
3.Establishing an
Infrastructure Support Fund for states.
4.Launching a N100 billion
CNG bus rollout programme.
5.Commencing a monthly
Conditional Cash Transfer of N25,000 to 15 million vulnerable households for
three months.
6.Providing N50 billion in
Conditional Grants to one million nano-businesses and a N75 billion fund to
support manufacturing enterprises.
7.Launching the National
Philanthropy Office (NPO) to mobilise $200 million in private investments.
8.Establishing a N5 billion
single-digit interest fund in partnership with Sterling Bank through the Small
and Medium Enterprises Development Agency of Nigeria (SMEDAN).
On the international
front, President Tinubu has actively pursued foreign direct investment, enhanced
international partnerships, and showcased Nigeria’s vast opportunities. These
efforts have already garnered interest in investing over $30 billion in key
sectors of the nation’s economy.
Strengthening National Security for Peace and
Prosperity
Nigeria's ongoing battle
with banditry, kidnapping, insurgency, and other security challenges remains a
formidable threat. President Tinubu has prioritised securing lives and
properties in his Renewed Hope Agenda.
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. Additionally, over 4,800 assorted weapons and more than 93,900 rounds
of ammunition have been recovered from June 2023 to date.
The Nigerian Air Force has
added five new aircraft to its fleet, including two Diamond 62 surveillance
aircraft, two T-129 ATAK helicopters, and one King Air 360 ER, enhancing the
fight against banditry and terrorism. A 2,200-member Mines Marshal Corps was
also established to secure mining sites and curb illegal mining.
The annual recruitment of
30,000 new personnel into the Nigeria Police Force, up from 10,000, underscores
the government's commitment to bolstering security. Efforts have also led to
the deactivation of over 120 illegal oil refining sites, the seizure of 90
wooden boats, and the arrest of over 70 suspects and 14 vessels, thanks to the
acquisition of advanced patrol vessels.
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.
President Tinubu’s
comprehensive security strategies address the root causes of insecurity, aiming
to create a safer environment where citizens can live without fear.
Boosting Agriculture and Food Security
To ensure food
sufficiency and tackle rising food prices, President Tinubu declared a state of
emergency on food security and renamed the Federal Ministry of Agriculture and
Rural Development to the Federal Ministry of Agriculture and Food Security. The
administration launched the National Agricultural Development Fund with N100
billion to address agricultural financing challenges. Additionally, 42,000
metric tonnes of assorted grains, including sorghum, millet, maize from the
National Strategic Grain Reserves and 60,000 metric tonnes of rice through
millers were released to vulnerable Nigerians through the 36 state governors
and the FCT, in a bid to stabilise food supply. The Central Bank donated 2.15
million bags of fertiliser worth N100 billion to support farming.
The administration
introduced the Dry Season Farming Initiative on 500,000[1] hectares of farmland, financed by the African
Development Bank with $134 million to promote year-round farming. Partnerships
with John Deere aim to supply 2,000 tractors annually for five years under a unique
financing arrangement supported by low-interest loans from the Bank of
Agriculture. The Green Imperative Programme, a $1 billion bilateral partnership
with the Brazilian Government, aims to provide farmers access to machines, equipment,
and training. The Bank of Agriculture will support Nigerian farmers with
low-interest loans to purchase fertilisers. Additionally, there is a N141
billion credit facility from a Japanese agency for agricultural scheme
projects.
Unlocking Energy and Natural Resources for Sustainable
Development
The nation's sustainable
development critically relies on its energy and natural resources. The Renewed
Hope Agenda focuses on developing renewable energy sources, enhancing the
efficiency of the oil and gas sector, and ensuring that solid mineral resources
benefit local communities and the nation.
To harness the nation's
resources and diversify the economy for the benefit of all Nigerians, President
Tinubu executed policy directives to improve the investment climate and
position Nigeria as the preferred investment destination for Africa's oil and
gas sector. Through enhanced security in the Niger Delta Region, the nation is
witnessing a sustained increase in crude oil production, which rose from 1.22
million barrels per day in Q2 2023 to 1.6 million barrels per day in Q1 2024.
The Nigerian Liquefied Natural Gas (NLNG) production also increased from 57% in
2023 to 70% presently.
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.
President
Tinubu's pursuit of purposeful policy in the sector is notably reflected in the
widely acclaimed three Executive Orders: the Oil and Gas Companies (Tax
Incentives, Exemption, Remission, etc.) Order, 2024; the Presidential Directive
on Local Content Compliance Requirements, 2024; and the Presidential Directive
on Reduction of Petroleum Sector Contracting Costs and Timelines, 2024. These
orders suggest a strong desire to amend primary legislation and introduce
fiscal incentives for oil and gas projects, reduce contracting costs and
timelines, and promote cost efficiency in local content requirements.
The Executive
Orders explicitly target over $10 billion in investment in the nation’s oil and
gas sector. They streamline contracting processes, procedures, and timelines
from 36 months to six months, ensuring that local content requirements are
implemented without impeding investment.
In a complementary strategic move, the CNG Initiative
introduced by the President indicates a game-changing direction to reduce the
cost of production and transportation in the country following the withdrawal
of fuel subsidy. Following this development, an N100 billion Presidential CNG
initiative for procuring CNG-powered vehicles, conversion toolkits, and refuelling
sites has been activated. This has attracted over $50 million in private
investment within the last six months.
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 (AKK) 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.
In the non-oil sector,
Nigeria’s economic prosperity is also associated with solid mineral resources.
Scientific data confirm the abundance of precious minerals such as gold,
manganese, bitumen, lithium, iron ore, lead, zinc, limestone, uranium,
columbite, barite, kaolin, gemstones, coal, topaz, and copper.
To fully harness the
potential in the solid minerals sector, the administration is pursuing a Seven
Point Agenda, which includes:
1.The creation of the
Nigerian Solid Minerals Corporation.
2.Joint ventures with
mining multinationals.
3.Big Data on seven
priority minerals and their deposits.
4.A grace period for
illegal miners to join artisanal cooperatives.
5.The introduction of a
Mines Surveillance Task Force and Mine Police.
6.A comprehensive review of
all mining licenses.
7.Six mineral processing
centres were created to focus on value-added products.
Transforming Infrastructure and Transportation for
Economic Growth
Infrastructure and
transportation are critical enablers of economic growth. The Renewed Hope
Agenda includes significant investments in roads, railways, ports, and airports
to facilitate trade and movement.
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.
In March 2024, the
Federal Government approved the launch of the Renewed Hope Infrastructure
Development Fund (RHIDF) to address the country's infrastructure funding gap.
With an ambition to raise N20 trillion, the Fund aims to deliver projects such
as the Lagos-Calabar Coastal Highway, Sokoto-Badagry Expressway, Lagos-Kano
Standard Gauge Line, and Eastern Rail Lines, as well as modernise ports and
aviation facilities.
Work has already begun on
the construction of Nigeria’s first coastal highway, the 700 km Lagos-Calabar
Super Highway, while the engineering design for the Sokoto-Badagry Expressway
has commenced.
The Federal Capital
Territory, Abuja, Nigeria’s seat of government, has virtually turned into a
construction site due to the high volume of simultaneous construction
activities. The FCT Monorail Project is also set for commissioning.
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.
Housing infrastructure is
also receiving attention, as the Renewed Hope Cities and Estates Programme,
targeted to deliver 100,000 houses nationwide, has kicked off.
Under the Renewed Hope
Agenda, various infrastructure projects spread across the country will progress
steadily for the benefit of all Nigerians.
Improving Education, Health, and Social Investment for
Sustainable Development
The administration of
President Tinubu has prioritised primary health centres as essential components
of the nation's healthcare system. These centres are crucial for providing
preventive care, diagnosing and treating common ailments, and offering maternal
and child health services, particularly in rural and underserved areas.
To improve access to
healthcare, the administration plans to expand the number of primary health centres
from 8,800 to 17,000 over the next three years. It has also allocated N50
billion for the National Primary Healthcare Development Agency in 2024 and is
upgrading infrastructure in 12 tertiary hospitals across the six geopolitical
zones. Additionally, N37.4 billion has been designated for establishing six
oncology centres nationwide, and a $1 billion facility from AfreximBank has
been secured to finance healthcare investments in Nigeria.
Regarding social
investment, the Student Loans (Access to Higher Education) 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 N5.1 billion has been approved for 185 research
proposals under the TETFUND National Research Fund to promote educational
research.
The administration has
also initiated several social welfare schemes, including a Presidential
Approval for cash transfer of N25,000 monthly to 15 million of Nigeria's
poorest and most vulnerable households for three months. The Consumer Credit
Scheme has been established to provide Nigerians with access to credit to
improve their lives and businesses. Additionally, the Federal Government has
launched a microcredit scheme targeting 1.5 million traders and farmers in its
first phase, with various demographic appeals such as:
—Owo
Oja / Olilanya Ndi Nagbambo / Tallafin Sana’a
—Owoagbe
/ Olilanya Ndi Oru Ugbo / Tallafin Manoma
—Iyaloja
/ Nne Ahia / Agajin Yan Kasuwa
Accelerated Diversification through Youth-Driven
Industrialization, Digitization, and Innovation
Under the Tinubu
administration, there is a renewed focus on empowering the youth by recognising
them as invaluable assets to the nation's progress and prosperity. Through a
strategic approach to governance, the President has prioritised youth inclusion
by providing more appointments in government and implementing policies aimed at
harnessing their immense potential for economic development.
By actively involving the
youth in decision-making processes and leadership roles, President Tinubu seeks
to ensure that their voices are heard and their perspectives considered in
shaping Nigeria's future. This approach fosters a sense of ownership and
responsibility among young people while cultivating a culture of innovation and
creativity essential for sustainable growth.
To realise this vision,
programmes such as the Three Million Technical Talent Initiative (3MTT) were
launched. This three-year partnership with HIS Nigeria aims to establish 3MTT
Learning communities nationwide to empower youth with digital skills. Closely
related to 3MTT is the Investment in Digital and Creative Enterprise (iDICE)
Programme. This collaborative effort between the government and international
partners, including the Bank of Industry (BoI), African Development Bank
(AfDB), French Development Agency (FDA), and Islamic Development Bank (IDB),
aims to nurture and empower enterprises in the digital and creative sectors.
The $617.7 million iDICE programme, endorsed by the National Economic Council
(NEC), will be implemented across all 36 states and the FCT.
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. Utilising state-of-the-art technology and innovative matchmaking
algorithms, the Job Centre connects employers with qualified candidates,
streamlining the recruitment process and maximising efficiency.
The Industrial Training
Fund (ITF) will also implement the Skill-UP Artisans Programme (SUPA) to
empower about 10 million artisans within two years. The programme will provide
tech-enabled skills training, licensing, and access to essential toolkits.
The Federal Government
launched the National Talent Programme (NATEP) to advance job creation, skills
development, talent exports, and job outsourcing, aiming to create about one
million jobs within five years. This programme engages world-class organisations
and governments to foster its implementation.
NATEP represents a
significant milestone in President Tinubu’s commitment to unlocking the full
potential of the nation's human capital and promoting economic growth and
prosperity for all.
The Outsource to Nigeria
Initiative (OTNI), 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 (BPO) and
IT-enabled services sector.
Phenomenally, the
approval of the policy mandating a minimum of 30% youth representation in all
government Ministries, Departments, and Agencies was a game changer. This
landmark decision underscores the President’s belief in the potential and
talent of young people and his government’s firm commitment to harnessing their
energy and creativity for the betterment of our nation.
Another pivotal
development in the ongoing efforts to empower and uplift Nigerian youth is the president's
approval to restructure and institutionalize the Nigerian Youth Investment
Fund. This crucial instrument supports youth-owned enterprises in priority
sectors with N25 billion from the 2023 Supplementary Appropriation Act and an
additional N25 billion from the 2024 Appropriation Act.
The President established
the Federal Ministry of Culture, Arts, and Creative Economy to provide the
institutional framework to drive the art and creative economy. This new ministry
aims to foster the growth and development of the creative industries and ensure
they contribute significantly to the nation's economy.
Improved Governance for Effective Service Delivery
Institutionalising and
deepening good governance is crucial to achieving the president's Renewed Hope
Agenda. The administration is implementing various policy initiatives to
enhance service delivery in line with this major objective.
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. At the
institutional level, regular and consistent ministerial press briefings, press
conferences, and stakeholders’ forums have been established to engage the
public.
In line with the recommendation
of the Oronsaye Report, the administration has acknowledged the need to cut the
cost of governance. This involves rationalising and restructuring government
agencies to make them optimally functional, curb duplication of functions, and
enhance their effectiveness.
Furthermore, the
administration is on a steady course towards restoring public trust in
governance. This effort begins with a review of national consciousness through
the development of the policy document for the soon-to-be-launched National
Values Charter, as initiated by President Tinubu. Complementing this is the
planned launch of the Citizens’ Delivery Tracker App, which will enable
Nigerians to assess the performance of public officials. One year into this
journey, a new horizon is emerging to inspire greater patriotism and redefine
credibility in the expectations of most Nigerians.
Tinubu's Anti-Corruption
Policy: Progress and Initiatives
Since assuming office,
President Bola Tinubu has made significant strides in tackling corruption in
Nigeria. His administration's anti-corruption policy builds on previous efforts
while introducing new measures to enhance transparency, accountability, and
good governance.
A cornerstone of
President Tinubu's strategy is reinforcing anti-corruption institutions,
including the Economic and Financial Crimes Commission (EFCC), the Independent
Corrupt Practices Commission (ICPC), the Nigeria Financial Intelligence Unit
(NFIU), and the Code of Conduct Bureau (CCB). The administration promptly
appointed credible and dynamic leadership to these agencies and provided them
with increased funding, better training, and advanced technological tools.
Recognizing the
judiciary's critical role in combating corruption, President Tinubu has
initiated reforms to ensure its independence and efficiency. This includes
appointing judges with proven integrity and competence, fast-tracking
corruption-related cases, and working towards increasing the salaries and
emoluments of judicial officers.
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.
Recognizing the
international dimensions of corruption, President Tinubu has enhanced cooperation
with other countries and organizations, such as the Financial Action Task Force
(FATF) and Interpol, to track and recover stolen assets stashed abroad.
Under Tinubu's
leadership, several high-profile corruption cases have been pursued involving
politicians, business executives, and public officials. These actions
demonstrate a commitment to tackling corruption at all levels, serving as a
deterrent and underscoring the administration's zero-tolerance policy towards
corruption.
The Constituency and Executive
Project Tracking Initiative, launched by the Independent Corrupt Practices and
Other Related Offences Commission (ICPC) in April 2019, aims to tackle
corruption by promoting good governance, transparency, and accountability in
the use of government funds. During Phase Six (November 2023 to May 2024), the
ICPC achieved notable successes, including recovering misappropriated funds and
assets, compelling contractors to complete abandoned projects, and prosecuting
those involved in mismanagement, including public servants and members of the
National Assembly. The ICPC tracked 1,721 projects across 25 states, valued at
N284 billion. This phase resulted in N29.5 billion worth of projects being
resumed, N675 million in cash and asset recoveries, and overall savings of over
N30 billion for the government.
The Tinubu administration has focused on educating the public about the
dangers of corruption and the importance of integrity. Nationwide campaigns
have been launched to promote ethical behavior and encourage citizens to participate
in the fight against corruption.
Transforming Nigerian Sports: Achievements and Milestones Under
President Tinubu
Under President
Tinubu's administration, the Ministry of Sports has achieved significant
milestones aimed at enhancing sports development in Nigeria and elevating the
country's international sporting profile. A substantial budget allocation of
N31.239 billion for the 2024 fiscal year has been dedicated to supporting
various sporting activities, infrastructure development, and operational costs.
This budget includes specific funds for the Nigeria Football Federation (NFF)
and the Nigeria Institute of Sports (NIS), ensuring comprehensive support for
sports development across the country. Additionally, the administration has offset
over 12 billion naira in outstanding debts for various national football teams.
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 (NSIP), leading to landmark partnership
agreements between the Federal Ministry of Sports Development and
private-sector organizations like Yanga Games Technology (YGT), EFFA Management
Consortium, and GTI Assets. These partnerships aim to develop sporting
infrastructure, raise revenue, and expand the followership and spectatorship of
sports.
Grassroots
sports development has been another significant focus, with efforts to identify
and nurture young talent from various parts of the country, ensuring a
continuous pipeline of skilled athletes who can represent Nigeria in various
sports disciplines both locally and internationally.
Under President
Tinubu’s leadership, Nigerian athletes have excelled on the international
stage, demonstrating their prowess in major events such as the African Cup of
Nations, the African Games, and the World Relay Championships in the Bahamas.
The administration has prioritized preparing Team Nigeria for global
competitions like the upcoming Olympic and Paralympic Games in Paris, with
strategic planning and resource allocation directed towards comprehensive
training programs and enhanced facilities to ensure optimal performance.
Notable
achievements include the senior national football team, the Super Eagles,
winning silver at the African Cup of Nations in Côte d’Ivoire, marking their
first finals appearance and silver medal in 23 years. The Super Falcons,
Nigeria’s female national team, qualified for the Paris Olympics 2024, ending a
16-year Olympic drought. At the African Games in Accra, Ghana, Nigeria placed
2nd. Additionally, Victor Osimhen was named African Footballer of the Year, the
first Nigerian to receive the honor in 24 years. These accomplishments
highlight Nigeria's competitive spirit and commitment to excellence in sports.
Gender and Inclusion
President
Tinubu has made significant strides in promoting the inclusion of women across
various sectors in Nigeria, reflecting a deep commitment to gender equality and
the empowerment of women. One of the most notable achievements has been the
appointment of nine women to ministerial positions, with key appointments in
ministries, departments, and agencies traditionally managed by men.
On
International Women’s Day, President Tinubu unveiled several initiatives aimed
at empowering women, aligning with his broader agenda for gender equality.
These initiatives focus on providing investments in education, healthcare, and
economic opportunities for women and girls.
Economic
empowerment programs have been a cornerstone of President Tinubu's strategy to
enhance women's roles in the economy. The administration has launched programs
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. This includes their inclusion in the National Business Skills
Development Initiative (NBSDI) recently launched by the Small and Medium Enterprises
Development Agency of Nigeria (SMEDAN), where they were trained in various
vocational skills and empowered with startup kits and funds to start their
businesses.
Another
significant program is the Women and Girls Educational and Skills Empowerment
initiative. This program seeks to connect with the 36 state governors, raise
awareness on disability issues, facilitate compliance with disability norms,
provide technical support, rate and induct compliant administrators into the
disability-friendly Hall of Fame, and continue monitoring their compliance.
Conclusion
The Tinubu
administration's Renewed Hope Agenda is a comprehensive strategy aimed at
transforming Nigeria across various sectors, ensuring sustainable development,
and improving the quality of life for all citizens. The administration has made
significant strides from enhancing infrastructure and transportation to
investing in education, health, and social welfare. Key initiatives, such as
the Dry Season Farming Initiative, the Green Imperative Programme, and the
Renewed Hope Infrastructure Development Fund, underscore a commitment to
economic growth and diversification.
Empowering the youth
through policies like the 30% representation mandate and the Nigerian Youth
Investment Fund reflects the administration's dedication to harnessing the younger
generation's potential. Establishing the Federal Ministry of Culture, Arts, and
Creative Economy, alongside the 3 Million Technical Talent Initiative and the
iDICE Programme, highlights a forward-thinking approach to fostering innovation
and creativity.
Good governance and
effective service delivery are also at the forefront of the Renewed Hope
Agenda. The introduction of tools like the MOBILIZER app and the Citizens’
Delivery Tracker App, coupled with the rationalisation of government agencies
as recommended by the Oronsaye Report, illustrates the administration's resolve
to increase transparency, efficiency, and public trust in governance.
In conclusion, the
Renewed Hope Agenda is paving the way for a more prosperous, inclusive, and
resilient Nigeria. President Tinubu's administration is laying the foundation
for l