… Renewed Hope Ambassadors, Texas, says progress must be measured by improved living standards, not just statistics
By Rashidat O. Okunlade | Lagos
A diaspora group, Renewed Hope Ambassadors, Texas, USA, has released a comprehensive review of President Bola Ahmed Tinubu’s administration, highlighting its economic, institutional, and developmental reforms since assuming office on May 29, 2023.
The group, under the theme “Renewed Hope Building a Stronger, More Productive and Prosperous Nigeria,” stated that its objective is to provide Nigerians at home and abroad with an informative overview of the administration’s major policies, reported accomplishments, and ongoing developmental programmes.
The review signed by Hajjia Lawal Adediwura Balikis, Publicity Secretary, Renewed Hope Ambassadors, Texas, USA stated the following.
Key Highlights of the Review
The comprehensive document touched on twelve critical sectors of the economy:
Economic Reforms: The group noted the removal of the petrol subsidy and foreign exchange market reforms, intended to improve revenue generation and fiscal discipline. Citing the World Bank’s October 2026 assessment, it noted Nigeria’s economy grew by 4.2% in the first half of 2026. However, it acknowledged that inflation and the cost of living remain serious concerns.
Infrastructure: Highlighting projects like the Lagos–Calabar Coastal Highway, the Sokoto–Badagry Superhighway, and the ongoing rehabilitation of the Abuja–Kaduna–Kano road, the group stated that over 2,700 kilometres of highways and major roads are currently under construction or rehabilitation.
Education: The review pointed to the Nigerian Education Loan Fund (NELFUND), reporting that by May 2026, more than 1.5 million students had benefited, with over ₦282 billion disbursed.
Healthcare: Commending the revitalisation of 3,526 primary healthcare centres, the group noted the expansion of health insurance enrolment to over 23 million people by September 2026.
Power and Energy: The group cited the Electricity Act 2023, which liberalized the sector, and the Presidential Metering Initiative, which delivered over 300,000 smart meters by July 2025.
Agriculture and Food Security: The group noted the administration’s focus on agricultural inputs, mechanisation, and rural infrastructure, while acknowledging that insecurity and high production costs remain challenges.
Oil and Gas: The review noted the push for domestic refining capacity and gas utilisation.
International Relations: It highlighted Nigeria’s admission as a shareholder of the European Bank for Reconstruction and Development (EBRD) and the country’s removal from the Financial Action Task Force (FATF) grey list in October 2025.
Housing, Tax Reforms, and Security: The group outlined the Renewed Hope Housing Programme, the modernisation of the tax system, and the ongoing efforts of the armed forces to tackle terrorism and banditry.
A Call for Tangible Progress
Despite the highlighted achievements, the Renewed Hope Ambassadors offered a balanced assessment of the nation’s reality.
“The independent assessments of the IMF and World Bank recognise improvements in certain economic indicators while also highlighting the difficult living conditions, poverty, food insecurity and inflation that continue to affect millions of Nigerians,” the statement read.
The group emphasized that national progress should not be measured by announcements and statistics alone.
“It must also be measured by improved living standards, employment, affordable food, accessible healthcare, quality education, reliable electricity and security for every Nigerian. Our hope is that the gains of economic and institutional reforms will increasingly translate into tangible benefits for citizens in every part of the federation.”
Why It Matters
The statement from the Renewed Hope Ambassadors, Texas, is a significant contribution to the ongoing national conversation about the state of the Nigerian economy. Diaspora groups often occupy a unique space in this discourse; they are detached from the immediate, daily struggles of living in Nigeria, yet they are deeply invested in the country’s macroeconomic stability due to remittances and future investment prospects.
The group’s review is notably balanced. It does not shy away from listing the administration’s macro-level successes, such as the 4.2% GDP growth, the expansion of NELFUND, and the removal from the FATF grey list, but it also explicitly acknowledges the severe micro-level pain caused by inflation, food insecurity, and the high cost of living.
This duality, a growing economy juxtaposed against a struggling population is the central paradox of President Tinubu’s economic reforms. The removal of the fuel subsidy and the unification of the exchange rate were necessary, albeit painful, structural corrections. However, the true measure of their success lies not in the bond markets or the World Bank reports, but in the purchasing power of the average Nigerian household.
As the country navigates the remainder of this administration, the call by the diaspora group for the gains of these reforms to “increasingly translate into tangible benefits” is the most critical demand. Economic statistics may tell the story of a nation’s recovery on paper, but only accessible food, reliable electricity, and gainful employment can convince Nigerians that the “Renewed Hope” is a reality.
© ROTAMEDIANEWS Digital Newspaper & BusinessEcho Magazine by ROTA Media Concepts
For advert placement, news tips and subscription enquiries, contact the Publisher/Editor-in-Chief, Rashidat Olushola Okunlade.
rotamedianews@gmail.com businessechomag@gmail.com
