The Federal Government (FG) has announced that Nigeria’s economic focus is moving from stabilisation to rapid acceleration.
This pivot is anchored by a landmark N58.18 trillion 2026 budget, designed to scale growth and cement the gains of recent structural reforms.
The announcement was made by Vice President Kashim Shettima, who represented President Bola Tinubu at the PGF Renewed Hope Ambassadors Summit 2026, held on Tuesday at the State House Conference Centre.
The summit brought together governors of the All Progressives Congress (APC) and party stalwarts to reaffirm their commitment to grassroots mobilisation and unified communication.
Shettima outlined the administration’s roadmap, noting that while 2025 was dedicated to steadying the economy, 2026 is the year of momentum.
The key pillars of the proposed N58.18 trillion fiscal plan include a record capital expenditure designed to stimulate industrial expansion and accelerate infrastructural development across the country.
The budget also makes the largest financial provision for national security in Nigeria’s history, underscoring the government’s commitment to safeguarding lives and property.
In addition, it is anchored on prudent revenue projections aimed at enhancing economic resilience and ensuring sustainable fiscal management.
“Today, we are seeing clear signs that our reforms have begun to yield results,” Shettima stated, citing moderating inflation, easing fuel prices, and a stable currency.
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He revealed that Nigeria’s economic viability is gaining global trust, noting that five out of the seven major investment decisions made in Africa during 2025 were directed toward Nigeria.
A central theme of the summit was the “invisible” nature of government achievements due to poor communication.
APC National Chairman, Nentawe Yilwatda, lamented that significant projects across the states often go unnoticed by the public.
To counter this, Shettima tasked the “Renewed Hope Ambassadors” to move beyond conference rooms and engage directly with citizens in wards, markets, and campuses.
“Ambassadors must explain why tough decisions had to be made and how they led to jobs, security, and enterprise.
They must counter misinformation with facts and replace rumour with evidence,” Shettima charged.Beyond policy, he addressed internal party frictions, specifically calling for reconciliation in Benue State.
He made a direct appeal to the Secretary to the Government of the Federation (SGF), George Akume, and Governor Hyacinth Alia to “mend fences” for the sake of state progress.Governor Hope Uzodinma of Imo State, who serves as the Chairman of the Progressive Governors’ Forum (PGF), echoed this sentiment.
He emphasised that the party is choosing “long-term stability over short-term applause,” noting that improved oil production and the impact of the Dangote Refinery are already driving down food prices and stabilising energy costs.
As the administration looks toward the future, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, expressed the Federal Executive Council’s commitment to making the next phase of the Renewed Hope Agenda even more transformative.
He signalled a strong focus on job creation and attracting further foreign investment as the administration prepares for its upcoming second-term objectives.
The summit concluded with a unified pledge from the SGF, the Minister of Budget and Economic Planning, Atiku Bagudu, and other stakeholders to ensure that the dividends of democracy are effectively communicated and felt at the grassroots level.
