The Federal Government says President Bola Ahmed Tinubu’s “bold and difficult” economic reforms are already repositioning Nigeria as a top destination for investment, innovation, and sustainable growth.
Minister of Information and National Orientation, Mohammed Idris, made the remarks in an exclusive interview with “Impact Reports”, the global development publication of the “Los Angeles Times”, published July 8, 2026.
According to Idris, two major policy shifts — the removal of 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,” Idris said.
![](https://www.theconclaveng.com/wp-content/uploads/2026/09/Hartland.png")
“These reforms are creating the fiscal space needed to invest in other priority sectors while positioning the country for sustainable growth.”
—Measurable Results—
The Minister said the reforms are delivering tangible outcomes:
1. Improved revenues for federal, state and local governments
2. Stronger external reserves
3. Enhanced macroeconomic stability
4. Growing investor confidence
He added that government is channeling savings from the reforms into infrastructure and social interventions across transportation, energy, agriculture, healthcare, education and the digital economy.
Key programmes cited include the Nigerian Education Loan Fund [NELFUND] and the Presidential Compressed Natural Gas [CNG] Programme, aimed at easing transportation costs and expanding access to education.
—Beyond Oil—
Idris said Nigeria is aggressively diversifying beyond oil into agriculture, solid minerals, technology, manufacturing and the creative industries.
“The narrative about Nigeria today is one of reform, resilience and opportunity,” he stated.
“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.”
—Strategic Communication—
The Minister said his ministry is driving the government’s agenda through “strategic communication” focused on national unity, civic responsibility and institutional credibility.
“Our responsibility is to communicate Nigeria’s progress through facts and measurable outcomes. Investors respond to credibility, consistency and transparency,” Idris noted.
Israel warns US of new Iranian plot to assassinate Trump amid rising Gulf tensions
Looking ahead, he said Nigeria will use the 2026 World Public Relations Forum to project a modern national image. The country will also showcase its tech ecosystem and leadership in information integrity through the UNESCO Category 2 International Media and Information Literacy Institute [IMILI] in Abuja.
“Impact Reports”, a “Los Angeles Times” publication, focuses on global development, business, investment and public policy.
