The Federal Government of Nigeria has pledged to consolidate the economic reforms of the President Bola Tinubu’s administration and ensure that their gains translate into greater opportunities and improved living conditions for the ordinary Nigerians.
The chairman of the Inter-Ministerial Committee for Nigeria’s independence Day Anniversary and Secretary to the Government of the Federation (SGF), Senator George Akume, told journalists during the World Press Conference that the anniversary theme, “From Reforms to Stability: Consolidating Nigeria’s Renewed Hope for Shared Prosperity,” underscores the need to move beyond implementing reforms to ensuring that their benefits are translated into tangible improvements in the lives of Nigerians.
According to him, while the country has recorded significant progress since independence, including economic diversification, expansion of education and development of human capital, challenges such as poverty, insecurity, infrastructure deficits, healthcare and education gaps remain areas requiring sustained government attention.
Akume said the administration launched structural reforms under the Renewed Hope Agenda in 2023, including the removal of the decades-long fuel subsidy regime, the unification of foreign exchange windows and measures aimed at strengthening fiscal and monetary management.
He noted that the reforms were designed to restore fiscal balance, strengthen the economy and lay the foundation for increased investment and sustainable growth.
“The task before us today, as leaders and citizens, is consolidation. We must ensure that the gains from reform translate into better opportunities for ordinary Nigerians,” Akume said.
He explained that the government was mobilising additional revenue, improving public finances, accelerating non-oil revenue collection and attracting new investment in order to create the fiscal space required to support development.
Akume identified infrastructure as a major priority in the government’s consolidation phase, noting investments in roads, railways, airports, seaports, electricity generation and transmission, as well as digital connectivity.
He said the investments were aimed at reducing the cost of doing business, connecting farmers to markets, supporting industrial activities and creating an enabling environment for private-sector investment.
According to him, the government is supporting farmers through improved seeds, fertilisers, irrigation, storage and processing facilities, while initiatives such as the National Agricultural Development Fund were designed to strengthen agricultural production and agro-industrial development.
On human capital development, Akume said the government was expanding access to education and improving the quality of schools and teachers. He also highlighted the Nigerian Education Loan Fund, established through the Nigerian Education Loan Fund Act, as an initiative designed to enable more young Nigerians to access tertiary education.
He reaffirmed the Federal Government’s commitment to protecting lives and property, saying the armed forces and security agencies were intensifying efforts against terrorism, banditry, kidnapping, oil theft and other security threats. He said government was strengthening intelligence gathering, modernising security equipment and improving coordination among security agencies, military authorities, police and local communities.
He further stressed that economic growth must benefit Nigerians across the country, noting that the Renewed Hope Ward Development Programme provides support for small-scale projects in agriculture, trade, mining and other areas at the grassroots.
He said that such initiatives would enable communities to participate more directly in national development and share in the benefits of economic growth.
The SGF said the Federal Government would remain focused on consolidating reforms, deepening stability and delivering growth that improves the lives of Nigerians. He added that these priorities are encapsulated in the Renewed Hope National Development Plan 2026–2030, which places productivity, diversification, human capital development and resilience at the centre of the country’s development strategy.
Akume called on Nigerians to renew their commitment to the Nigerian project by strengthening institutions, developing infrastructure that supports businesses and agriculture, and creating an economy in which citizens have greater opportunities to prosper.
“From reforms, we have built stability. From stability, let us now deepen growth and opportunity. And from growth, let us extend shared prosperity to every corner of Nigeria,” he said.
GIK/APA