The Presidency, through Sunday Dare, has released the Bola Tinubu administration ‘Renewed Hope Strategic Spending’ where it disclosed the areas in which revenue is spent.
Special Adviser on Media and Public Communication to President Bola Tinubu, Sunday Dare, posted on X: “The Revenue is being put to good use in several areas for the benefit of Nigerians.”
Renewed Hope Strategic Spending
Sunday Dare posted on X:
1. Presidential Loan and Grant Scheme
Supporting over 900,000 nano-businesses, MSMEs, and manufacturers to unlock grassroots productivity and reduce unemployment.
2. NELFUND
Empowering about 500,000 students across tertiary institutions to access interest-free education financing.
3. Road and Transport Infrastructure
Funding over 440 ongoing road projects and 2,700km of Superhighways including, legacy coastal and inland corridors.
4. Minimum Wage Implementation
Financing the new national minimum wage of ₦70,000 to improve purchasing power and social welfare.
5. Solid Minerals and Natural Resources
Unlocking over $800 million in investments and 75,000+ jobs across Nigeria’s growing mineral economy.
6. Oil, Gas and Energy Expansion
Enabling over $8 billion in oil and gas investments alongside new tax incentives and refinery rehabilitation.
7. Regional Development Commissions
Establishing five new commissions to address historical regional disparities and promote equitable growth.
