By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: FG’s new $1bn poverty reduction initiative, well-thought-out, not a panic response to opposition campaign rhetoric-TMSG
Share
Sign In
Notification Show More
Latest News
TMSG fires back at Atiku: “You’re in no position to call others thieves
Media Metro News Politics
Before Calling Others Thieves, Atiku Should Answer Questions on His Record — Group
Metro News Politics
FG’s new $1bn poverty reduction initiative, well-thought-out, not a panic response to opposition campaign rhetoric-TMSG
Economy Metro News Politics
Atiku most frequently mentioned ex-Nigerian public officer in corruption-related reports – TDF
News Politics
Latest FTSE Russell, Moody reports confirmation of Nigeria’s improving financial,fiscal health-Group
Civil Society Organisations Economy Media Metro News Politics
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > FG’s new $1bn poverty reduction initiative, well-thought-out, not a panic response to opposition campaign rhetoric-TMSG
EconomyMetroNewsPolitics

FG’s new $1bn poverty reduction initiative, well-thought-out, not a panic response to opposition campaign rhetoric-TMSG

Publisher
By Publisher Published September 6, 2026
Share
5 Min Read
SHARE

The Tinubu Media Support Group (TMSG) has said that Federal Government’s $1bn anti-poverty social protection programme which was unveiled recently was long projected and evolved carefully and diligently contrary to recent opposition’s campaign rhetoric that it was hurriedly arranged to respond to criticisms.

In a statement by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the group argued that federal government’s months-long plans on the foremost flagship programme should not be glibly described as a panic, knee-jerk and hurried response to opposition’s campaign promise to restore fuel subsidy.

The statement read in full, ” The recently unveiled $1 billion social protection initiative tagged Renewed Hope Social Protection programme (HOPE-SP) is a well thought-out, targeted and coordinated plan by the President Bola Tinubu administration to fund long term economic support for vulnerable Nigerians. The goal is to provide the poorest of the poor with permanent and sustainable economic freedom rather than mere palliative support which had been the hallmark of previous poverty reduction schemes in the country.

“This is in the aftermath of the attendant cost of living crisis that trailed the removal of fuel subsidy and the unification of multiple exchange rates.

“But we are indeed shocked that an initiative which the minister of Humanitarian Affairs and Poverty Reduction, Dr. Bernard Doro and his team had been working on since assuming office in November 2025 based on a Presidential directive is being reduced to a knee-jerk response to a convoluted campaign promise by one of the presidential candidates in the forth-coming general elections.

“While it is true that the comprehensive poverty reduction programme was launched about one week after former Vice President Atiku Abubakar made public his so-called Atiku Economic Recovery Plan which is tied to restoring fuel subsidy, it takes more than a few days to put together such an elaborate and multi-faceted social protection programme.

“It beggars belief that the African Democratic Congress (ADC) could even suggest that HOPE-SP which also factors in a deliberate tracking of beneficiaries and measuring their progress, was a response to the Atiku plan when the $1bn programme is not just a simple declaration at an event.

“The truth is that regardless of the political mileage the opposition is seeking to gain, President Tinubu had always acknowledged that the ongoing reforms would come with some pains but he pledged to ensure that vulnerable Nigerians would not be left unattended to.

“Before the launch of this well coordinated approach to reducing poverty in the land, the Tinubu administration had in the last 3 years adopted a Cash Transfer initiative which benefited about 10m vulnerable households.

“We are also aware that the World Bank which had always lauded the reforms had raised concerns about inadequate social safety net for the vulnerable, saying that only 44% of government funded schemes are actually reaching those who need social protection.

“In essence, the Tinubu administration had always evolved and delivered social safety initiatives and it is also true that it had to put measures in place to ensure the beneciaries are indeed those for whom the schemes are meant.

“So this latest social protection initiative alongside the recently unveiled World Bank-backed $3bn plan could be described as a well thought-out, robust response which goes beyond cash transfer to making vulnerable Nigerians have a more sustainable livelihood.

“We are aware that under the new architecture, benefitting households would also be tracked with a view to measuring the impact of the programme, and guided appropriately through a “poverty graduation pathway” towards economic inclusion and self-reliance.”

The group expressed the hope that ongoing schemes to eventually end multi-dimensional poverty in the country would crystallize when subnationals key into the programme to ensure a coordinated and sustained anti-poverty makeover approach that transforms lives across all 8,809 wards in the country.

The group praised Nigerians for their resilience and patience in contributing to the success so far of ongoing economic reforms in the country, urging them to ensure that while keeping faith with the Tinubu administration they consciously resist attempts by some presidential candidates to mislead ahead of the 2027 elections.

Advertisement

Like this:

Like Loading…

Related

You Might Also Like

TMSG fires back at Atiku: “You’re in no position to call others thieves

Before Calling Others Thieves, Atiku Should Answer Questions on His Record — Group

Atiku most frequently mentioned ex-Nigerian public officer in corruption-related reports – TDF

Latest FTSE Russell, Moody reports confirmation of Nigeria’s improving financial,fiscal health-Group

Governors’ resolve on CNG, result of President Tinubu’s silent advocacy for cheaper transport cost – TDF

TAGGED: Ahmed Bola Tinubu, Economy, Nigeria, Politics

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher September 6, 2026
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Atiku most frequently mentioned ex-Nigerian public officer in corruption-related reports – TDF
Next Article Before Calling Others Thieves, Atiku Should Answer Questions on His Record — Group
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow
- Advertisement -
Ad image

– Member of –

Latest News

TMSG fires back at Atiku: “You’re in no position to call others thieves
Media Metro News Politics September 6, 2026
Before Calling Others Thieves, Atiku Should Answer Questions on His Record — Group
Metro News Politics September 6, 2026
FG’s new $1bn poverty reduction initiative, well-thought-out, not a panic response to opposition campaign rhetoric-TMSG
Economy Metro News Politics September 6, 2026
Atiku most frequently mentioned ex-Nigerian public officer in corruption-related reports – TDF
News Politics September 6, 2026

You Might also Like

MediaMetroNewsPolitics

TMSG fires back at Atiku: “You’re in no position to call others thieves

September 6, 2026
MetroNewsPolitics

Before Calling Others Thieves, Atiku Should Answer Questions on His Record — Group

September 6, 2026
NewsPolitics

Atiku most frequently mentioned ex-Nigerian public officer in corruption-related reports – TDF

September 6, 2026
Civil Society OrganisationsEconomyMediaMetroNewsPolitics

Latest FTSE Russell, Moody reports confirmation of Nigeria’s improving financial,fiscal health-Group

September 6, 2026
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d