By By Elizabeth Ugbo
The Minister of Information and National Orientation, Mohammed Idris, on Friday in Abuja said President Bola Ahmed Tinubu’s ongoing economic reforms are stabilising Nigeria’s economy and gradually restoring public and investor confidence, explaining that the measures were introduced to fix long-standing structural weaknesses and prevent economic collapse.
Speaking during an interview, the minister said key reforms such as the removal of fuel subsidy and the unification of the foreign exchange rate were deliberate and necessary decisions, despite the short-term hardships they imposed on citizens.
Mohammed Idris noted that recent economic indicators point to improving conditions, including stronger foreign reserves, easing inflation, and growing confidence among local and international investors.
He added that Nigeria’s removal from the Financial Action Task Force (FATF) grey list has further enhanced the country’s global credibility and improved access to international capital.
The minister also explained that ongoing tax reforms are aimed at simplifying the tax system, eliminating duplication, and fairly expanding the tax net, while stressing that transparent communication and responsible information management are essential to building public trust.
Mohammed Idris urged Nigerians to remain patient and actively engaged as the reforms continue, assuring that their full benefits will increasingly reflect in infrastructure development, education, healthcare, and overall national growth.
