Tinubu’s Reforms Restoring Stability, Says Information Minister

By Zainab Uzomah

The Information Minister, Mohammed Idris, says President Bola Tinubu’s economic reforms are beginning to steady the country and restore public and investor confidence.

In a statement issued on Friday, Idris told 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. He said many states could not pay salaries in 2023, while most national income went into servicing debt.

Idris said recent indicators suggest the reforms are taking hold, citing rising foreign reserves—now about $46bn—easing inflation and renewed international confidence. Nigeria’s removal from the FATF grey list, he added, 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.

Idris also warned about the dangers of misinformation and said the government is enhancing media literacy, noting Nigeria’s successful bid to host UNESCO’s first Category-2 Media and Information Literacy Institute.

He urged Nigerians to remain patient, saying the full impact of reforms will become more visible across infrastructure and social services.