The Federal Government says its ongoing economic reforms are repositioning Nigeria as a prime destination for investment, innovation and sustainable economic growth.
Minister of Information and National Orientation, Mohammed Idris, made the assertion in an interview published on July 8 by Impact Reports, a publication of the Los Angeles Times that focuses on global development, business, investment and public policy.
According to a statement issued on Thursday by his media aide, Rabiu Ibrahim, Idris said the bold reforms introduced by President Bola Tinubu’s administration were laying the foundation for long-term economic stability and prosperity.
He noted that key policy decisions, including the removal of the fuel subsidy and the unification of the foreign exchange market, have restored confidence in Nigeria’s economic direction.
“President Tinubu took difficult but necessary decisions in the national interest to secure Nigeria’s long-term future. These reforms are creating the fiscal space needed to invest in priority sectors while positioning the country for sustainable growth,” the minister said.
Idris stated that the reforms were already yielding tangible results, citing increased revenues for the three tiers of government, stronger external reserves, improved macroeconomic stability and rising investor confidence.
He highlighted the administration’s investments in critical infrastructure, as well as interventions in transportation, energy, agriculture, healthcare, education and the digital economy.
The minister also pointed to flagship initiatives such as the Nigerian Education Loan Fund (NELFUND) and the Presidential Compressed Natural Gas (CNG) Programme as key components of the government’s development strategy.
According to him, Nigeria is steadily diversifying its economy beyond oil by expanding opportunities in agriculture, solid minerals, manufacturing, technology and the creative industries.
“The narrative about Nigeria today is one of reform, resilience and opportunity. Beyond being Africa’s most populous nation, Nigeria is emerging as a hub for innovation, technology, creativity and enterprise, driven largely by one of the youngest populations in the world,” he said.
Idris added that the Federal Ministry of Information and National Orientation is supporting the government’s development agenda through strategic communication aimed at promoting national unity, civic responsibility and public confidence in government institutions.
“Our responsibility is to communicate Nigeria’s progress through facts and measurable outcomes. Investors respond to credibility, consistency and transparency,” he said.
Looking ahead, the minister said Nigeria would leverage the 2026 World Public Relations Forum to project a modern and forward-looking national image while showcasing the country’s growing technology ecosystem, vibrant creative industry and leadership in information integrity through the UNESCO Category 2 International Media and Information Literacy Institute (IMILI) in Abuja.
