Nigeria's Economy Strengthened by Reforms, Says Idris

At a press conference, Minister of Information and National Orientation, Mohammed Idris, and Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, discussed the state of Nigeria's economy, asserting it is now on a stronger footing. Idris highlighted that reforms, particularly the removal of fuel subsidies, were essential to tackle longstanding economic challenges and enhance public finances.

He stated that three years into the Renewed Hope Agenda, the government is moving into a new phase of growth and opportunity. The next phase, termed “From Reform to Prosperity,” aims to ensure that reform benefits translate into improved living conditions for Nigerians.

Oyedele acknowledged the impact of higher fuel prices but emphasized that the government would provide relief without reinstating broad fuel subsidies. He outlined measures such as increased local refining and targeted support for vulnerable households.

Additionally, Idris expressed condolences to families affected by the recent Nigerian Air Force aircraft crash in Igbokoda, Ondo State.