Information Minister: Nigeria on path of economic renewal, global respect

The Minister of Information and National Orientation, Mohammed Idris, has reaffirmed the Federal Government’s commitment to rebuilding the nation’s economy, restoring investors’ confidence, and deepening democratic values.

Idris made this known in an engagement with Forbes Africa to mark the Democracy Day celebration.

This is contained in a statement issued by his Special Assistant on Media, Malam Rabiu Ibrahim, on Friday in Abuja.

the Minister defended President Bola Tinubu’s bold reform agenda, which includes the removal of fuel subsidies and the unification of foreign exchange rates.

According to the Minister, removal of fuel subsidy and unification of the foreign exchange rates are the two most significant policy shifts in Nigeria’s recent economic history.

“These were difficult decisions that had to be made. They caused some turbulence, but like an aircraft taking off, we are now reaching stability. The World Bank has noted our return to growth levels not seen in over a decade.

“This year’s observance of Democracy Day invited not just celebration, but sober reflection on the journey of democratic consolidation and economic renewal.

“Funds recovered from the fuel subsidy removal are being reinvested directly into critical infrastructure projects.

“These include two expansive highway corridors that will span over 1,700 kilometres, aimed at unlocking economic activity and bridging regional divides. The aim is not just connectivity, but economic opportunity.

“Nigeria is really retracing its steps. It is becoming an important nation once again among the comity of nations. The respect that Nigeria used to have is now gradually returning. Investors have more confidence in our country,” Idris noted.

He further reiterated that the reforms under Tinubu’s Renewed Hope Agenda are not just about economic arithmetic, but about creating a new foundation for inclusive growth, accountability and sustainable development.