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Nigeria‘s economy is now on a stronger footing following the reforms of President Bola Tinubu’s administration, the Minister of Information and National Orientation said Thursday, adding that the country is entering a new phase focused on growth, investment, jobs and shared prosperity.
Mohammed Idris spoke at a press conference in Abuja, where Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele addressed the state of the economy and the road ahead.
“Three years into the Renewed Hope Agenda, the results are increasingly evident. The economy is on a stronger footing, stability is creating greater room for investment and enterprise, and Nigeria is moving decisively into a new phase of growth, opportunity and shared prosperity,” Idris said.
He said the administration’s reforms, including the removal of the fuel subsidy, were necessary to address longstanding economic challenges, strengthen public finances and redirect national resources to critical priorities.
He said President Tinubu described the next phase of the economic programme as “From Reform to Prosperity.”
“The focus now is on impact, ensuring that the gains of reform translate more directly into the everyday lives of Nigerians through more jobs and opportunities, stronger businesses, increased incomes, lower living costs and an improving quality of life,” he said.
The Minister said the engagement was particularly important as Nigeria continues to implement economic reforms and work towards translating them into tangible benefits for citizens.
