Tinubu’s reforms designed to transform Nigeria into economic superpower — Minister

The Minister of Information and National Orientation, Mohammed Idris, has said President Tinubu is implementing series of transformative policies and reforms designed to address the missteps of the past and set Nigeria to emerge as a formidable economic superpower in the near future.

Idris noted this on Thursday in Abuja at a press conference to unveil the activities lined up for the 64th Independence Anniversary of Nigeria.

“Under the visionary leadership of President Tinubu, we have initiated transformative policies and reforms aimed at correcting the missteps of the past and repositioning Nigeria as an economic superpower in the near future. Despite global economic headwinds and the transitional pains accompanying some of the reforms, the President has remained focused in his efforts towards reviving our economy and returning the country to the path of prosperity and sustainable growth,” he said.

The Minister stated that, in a groundbreaking effort to transform rural socio-economic development in Nigeria, President Tinubu successfully sought and obtained a landmark Supreme Court judgment granting autonomy to local governments.

Idris said that singular decision ensures that elected Local Government Administrations now have direct fiscal control, which will intimately enhance grassroots governance and development while promoting greater effectiveness and accountability in local governance.

“In addition, a lot of work is going towards ensuring macroeconomic stability, stabilizing the foreign exchange regime, reforming the tax system to make it more efficient, and less burdensome on Nigerians, repositioning our oil and gas sector to attract new investment, and prioritizing the diversification and expansion of government revenues,” he stated.

The Minister added that the President is gradually guiding Nigeria into a unique energy transition phase through the launch of the presidential initiative to move the country from fossil fuels to Compressed Natural Gas (CNG) as a fuel for vehicles and machinery.

He acknowledged that the ongoing rollout of CNG and associated infrastructure is reducing transportation costs for Nigerians by up to 60 percent, creating jobs, and attracting tens of millions of dollars in local and foreign investment.

“In multiple ways the President is focused on putting more money in the pockets of the Nigerian people, and creating avenues for sustainable prosperity,” he said.

The Minister, who said that the 64th independence anniversary is a time of reflection, celebration, and renewed hope, stressed that so far Nigeria has demonstrated resilience, strength, capacity, and an unyielding spirit in the face of numerous and daunting challenges.

Idris said since gaining independence in 1960, Nigeria has evolved from a nation of hope and potential into a leading force on the African continent and a respected voice in the global community and that despite numerous trials, the nation always emerges stronger through the citizens’ shared unwavering vision of a united and prosperous country.

The Minister used the occasion to commend Nigerians for their patience and resilience in this very difficult period in the evolution of the nation’s economy, noting that the journey has been tough but there is light at the end of the tunnel.

He said with the recent ratification of the National Values Charter by the Federal Executive Council, the Federal Ministry of Information and National Orientation would now commence the implementation of the Charter in line with the President’s commitment to fostering moral, ethical, and cultural reawakening.

“The charter will bolster the conviction that the things that unite—our sense of nationhood, our obligations to our country, and its obligations to us—will always be stronger and deeper than what may wish to divide us,” he said.

The Secretary to the Government of the Federation, Senator George Akume, unveiled the programmes for the 64th Independence Anniversary on the occasion, which was attended by the Ministers of Budget and Economic Planning, Senator Atiku Bagudu; Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Works, Senator Dave Umahi; Water Resources, Prof. Joseph Utsev; Education, Prof. Tahir Mamman; Tourism, Lola Ade-John, Special Duties and Inter-Governmental Affairs, Zaphaniah Jisalo among other top government functionaries and presidential aides.

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