By: Tanimu Salihu
The Deputy Speaker House of Representatives, Mr. Benjamin Kalu, says President Bola Tinubu’s Renewed Hope Agenda, has achieved significant economic revitalization, social welfare, security, and national development
Speaking at the inauguration of over 20,000 new members of the Renewed Hope Partners, RHP, in Bende, Bende Local Government Area of Abia State, Mr. Kalu emphasized that the agenda is not just a slogan but a comprehensive blueprint for Nigeria’s progress.
He said that under the Renewed Hope Agenda, Nigeria has recorded notable achievements, including a 3.84% GDP growth in Q4 2024, with annual growth rising to 3.40% in 2024 from 2.74% in 2023.
Mr. Kalu also said that inflation has dropped from 34.6% to 23.71% by May 2025, with food prices declining by over 25% in the first quarter of 2025.
“Since assuming office on May 29, 2023, President Tinubu’s administration has implemented bold reforms and policies that are already reshaping Nigeria’s future. The Renewed Hope Agenda is not just a slogan; it is a comprehensive blueprint for economic revitalisation, social welfare, security, and national development.
”The removal of fuel subsidies has freed up resources for critical sectors,
resulting in a 50% reduction in petrol importation and a doubling of government revenues to over N9.1 trillion in the first half of 2024 compared to the previous year.
”The unification of the FX market has reduced arbitrage, increased
transparency, and boosted investor confidence. Nigeria’s economy recorded a 3.84% GDP growth in Q4 2024, with annual growth rising to
3.40% in 2024 from 2.74% in 2023.
Through targeted interventions, inflation has dropped from 34.6% to 23.71% by May 2025, with food prices for staples like rice, maize, and sorghum declining by over 25% in the first quarter of 2025″
The Deputy Speaker who highlighted the establishment of the South East Development Commission, SEDC, noted that it is a long-awaited initiative that marks a new era of inclusion and progress for the region.
My Kalu urged the newly inaugurated Renewed Hope Partners to play a crucial role in sustaining the gains of the Renewed Hope Agenda and carrying the message of progress to every community.
The event also witnessed defection of many members of Young Progressive Party, YPP, to the All Progressives Congress, APC, as well as presentations from some heads of federal agencies and parastatals who testified to the positive reforms of the President.
