By Abuja, Nigeria
The Minister of Information and National Orientation, Mohammed Idris, says President Bola Tinubu’s economic reforms are stabilizing the economy beginning to steady and restoring public and investor confidence.
According to a statement issued by the ministry on Friday,dris stated this during “ICAN’s On Air” programme that the removal of fuel subsidy and the unification of the exchange rate were difficult but necessary steps to halt what he described as a “looming economic collapse.”
Idris said recent indicators suggest that the reforms are taking hold, citing rising foreign reserves (now about $46 billion), easing inflation and renewed international confidence. He added that the removal of Nigeria from from the FATF grey list, has boosted credibility and improved access to global capital.
On taxation, the Minister said the aim is to simplify the system and widen the net, not impose heavier burdens. He stressed that rebuilding trust remains central to government communication, and that the President is open to adjusting policies based on feedback.
However, Idris warned about the dangers of misinformation, saying the government is enhancing media literacy, leading to Nigeria’s successful bid to host UNESCO’s first “Category-2 Media and Information Literacy Institute.”
He therefore, called on Nigerians to remain patient, saying the full impact of reforms will become more visible across infrastructure and social services in the shortest possible time.
