1 Peter 2:9:
"But you are a chosen race, a royal priesthood, a holy nation, a people for his own possession, that you may proclaim the excellencies of him who called you out of darkness into his marvelous light."
Look at the lengths to which Jesus goes! Look at how he exalts us out of our lowly state. Once we were not a people; now we are. Once we were aliens; now we are a chosen race, a set-apart nation. Once we were Godless rebels; but now we know we belong to him alone.
God in Christ certainly does make much of us. But not because we are lovely. Because Christ is. Because his excellencies deserve to be shouted from the rooftops, God wants shouters.
We are made much of ultimately to make much of Christ.