By Godfrey AKON
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has defended the sweeping economic reforms introduced under President Bola Tinubu’s administration, noting that despite early turbulence, the policies are beginning to yield tangible dividends.
Idris made the remarks while granting interview to a media platform to mark the country’s 26 years of uninterrupted democratic governance.
The minister’s remarks come amid ongoing public debate on the social impact of the reforms, with analysts closely watching how government policies will balance long-term economic recovery with short-term welfare concerns.
He reaffirmed government’s commitment to economic renewal, accountability, and restoring Nigeria’s global standing.
Idris pointed specifically to the removal of fuel subsidies and foreign exchange rate unification, two of the most consequential and controversial shifts in Nigeria’s recent policy history, as bold steps needed to reset the economy and attract long-term investment.
“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,” he said.
According to the minister, funds saved from the fuel subsidy regime are being redirected into critical national infrastructure, including two extensive highway corridors spanning over 1,700 kilometres, aimed at spurring economic activity and bridging regional disparities.
“The aim is not just connectivity, but economic opportunity,” he added.
Idris noted that beyond infrastructure, the reforms reflect the broader ambition of the Renewed Hope Agenda, a blueprint to reposition Nigeria as a competitive, investment-friendly economy anchored on transparency, inclusion, and sustainable development.
He said Nigeria is gradually reclaiming its place among the comity of nations, as global confidence begins to return.
“Nigeria is really retracing its steps. It is becoming an important nation once again… The respect that Nigeria used to have is now gradually returning. Investors have more confidence in our country,” he said.
He further described Democracy Day 2025 as both a moment of celebration and sober reflection, emphasizing the need for citizens and institutions alike to deepen democratic values and civic responsibility.
“These reforms are not just about economic arithmetic. They are about laying a solid foundation for inclusive growth, sustainable development, and national cohesion,” the minister stated.
