FG claims Nigeria on the path of economic renewal, global respect

The Minister of Information and National Orientation, Mohammed Idris, on Friday reiterated the commitment of the federal government to rebuild the country’s economy, restore investor confidence, and deepen democratic values.

Idris, according to a statement issued in Abuja by Assistant, especially in the media, Rabiu Ibrahim’s night, stated this during the engagement with Forbes Africa to mark the celebration of Democratic Day.

He defended the initiative of the Reformation of the President of Tinubu Bola, which included the elimination of fuel subsidies and Naira Floators.

The Minister stressed that the elimination of fuel and Naira’s fuel subsidies are the two most significant policy changes in the new Nigerian economic history.

He said: “This is a difficult decision that must be made. They cause some turbulence, but like taking off the aircraft, we have now reached stability. The World Bank has recorded our return to the growth rate that is not visible in more than a decade.

“The commemoration of this year’s democratic day was invited not only the celebration, but a conscious reflection of the journey of democratic consolidation and economic renewal.

“Funds that are restored from the removal of fuel subsidies are being invested directly into critical infrastructure projects.

“This includes two large road corridors that will stretch more than 1,700 kilometers, which are intended to open economic activities and bridge regional divisions. The goal is not only connectivity, but economic opportunities.

“Nigeria really explores the steps again. This is an important country once again among the nation’s goodness. The respect that Nigeria used to have now gradually. Investors are more confident in our country.”