Imo State – The Chairman of the Progressive Governors’ Forum (PGF), Hope Uzodimma, says the economic reforms introduced under the Renewed Hope Agenda (RHA) of President Bola Tinubu have significantly strengthened Nigeria’s fiscal position, lifting foreign reserves to $49.4 billion and increasing monthly Federation Account Allocation Committee (FAAC) disbursements to between N1.8 trillion and N2.6 trillion.
Uzodimma’s remarks, delivered at a closed-door briefing with top party and security officials, came as Nigeria’s diplomatic community expressed strong support for Tinubu’s reform framework, describing it as a strategic approach capable of addressing poverty, insecurity, and the country’s broader economic challenges.
This development comes amid mounting optimism among business leaders and international partners about the administration’s ability to sustain momentum on macroeconomic stabilization, subsidy reforms, and targeted social investments. Officials said the updated FAAC figures reflect improved revenue capture, prudent expenditure, and enhanced fiscal consolidation across federal and state budgets under the RHA.
In his address, Uzodimma reiterated the PGF’s backing for Tinubu’s strategic reforms, underscoring the need for continued collaboration between the presidency, state governors, and international partners to maintain the trajectory toward a more resilient Nigerian