Tinubu Unveils $3.05bn Social Investment Drive to Tackle Poverty

Amarachi Ihesiulo

July 17, 2026
2 min read
President Bola Ahmed Tinubu

President Bola Ahmed Tinubu has unveiled five major national programmes valued at about $3.05 billion to reduce poverty, boost livelihoods and strengthen human capital development across Nigeria.

The initiatives, launched Thursday at the State House Conference Centre in Abuja, include NG-CARES Additional Financing, the SOLID programme, and the HOPE initiative covering governance, primary healthcare and education.

The keynote address, delivered by Finance Minister Taiwo Oyedele on behalf of the president, said the programmes are designed to ensure that recent economic gains translate into real improvements in people’s lives at the grassroots.

Tinubu said the intervention aligns with his Renewed Hope Agenda and the 2026–2030 development plan, targeting economic inclusion, stronger communities and better service delivery at ward level nationwide.

He noted that Nigeria’s economy is showing signs of recovery, citing improved foreign reserves above $50 billion, declining inflation and strong GDP growth, but stressed that such progress must directly benefit households.

According to the president, NG-CARES will support farmers and small businesses, SOLID will address the needs of internally displaced persons and host communities, while HOPE will drive reforms in healthcare, education and governance systems.

He added that over 15 million vulnerable households have already benefited from government interventions, with millions lifted out of poverty, and said the new programmes will expand that impact.

Tinubu called on state governments, development partners and institutions to ensure effective implementation, describing the initiative as a unified national strategy to eliminate extreme poverty and improve living standards.