The minister of information and national orientation, Mohammed Idris, has said reforms initiated by President Tinubu across the various sectors of the nation’s economy in the past six months were sowing the seeds of transformative change.
Idris, who stated this at a news conference in Abuja yesterday said Tinubu’s international travels had resulted in positive outcomes, with interest expressed from various quarters to invest in critical sectors of Nigeria’s economy.
He explained that President Tinubu’s engagements had highlighted the nation’s potential and demonstrated the commitment to being a responsible and collaborative player in the global community.
“We have seen over $15 billion in Foreign Direct Investment (FDI) pledges in various sectors such as energy, steel, defence, and the automotive,” he added.
He said investors are already taking action with one of Japan’s largest pharmaceutical companies constructing a multi-million-dollar manufacturing plant in Ogun State, the first such investment by the company in Africa.
On the economy, the minister said the bold and strategic move by the president to reposition the economy for rapid growth and development is not without its challenges.
He said; “Still, it signifies the president’s unwavering commitment to making difficult decisions in the interest of the greater good of Nigerians.
“It aligns with our vision for a Nigeria that thrives on efficiency, transparency, and responsible governance. Fuel subsidy removal is a crucial step towards a more sustainable economic future, and we are working tirelessly to ensure that all citizens feel the benefits of this decision.”
The minister confirmed that the emergency declaration on food security was a decisive step that reflects the government’s commitment to tackling the issue of food scarcity.
This issue, he said, poses a threat to the well-being of Nigerians and has hindered the growth of the agricultural sector, thereby endangering the nation’s food supply.
