Economic Reforms Boosting Investor Confidence In Nigeria – FG

Minister of Information and National Orientation, Mohammed Idris, has said President Bola Tinubu has acquitted himself credibly in creating a conducive environment for the private sector to blossom through policies that prioritise economic growth and promote innovation.

He made the remarks in a statement issued to newsmen yesterday in Lagos at the Advertisers Association of Nigeria (ADVAN) Dialogue with the theme “Public-Private Collaboration in the Marketing Industry, the Path to Economic Viability.”

Represented by the Director General of the Advertising Regulatory Commission of Nigeria (ARCON), Dr. Olalekan Fadolapo, the minister canvassed for strategic collaboration with ADVAN in the development of industry standards and the promotion of ethical practices.

“From the public sector, we must create a conducive environment for both local and multinational companies to thrive and provide platforms for innovation, investment, and job creation within the advertising industry.

“For almost one year since he assumed office, President Tinubu has remained resolute in his commitment to implementing necessary reforms that will propel our economy to greatness.

“Some of the daunting challenges that we witnessed in the past, especially the repatriation of profits by multinationals and backlog in foreign exchange payments have been tackled securely through the implementation of creative policies by the government,” he said.

Idris said because of the investor confidence boosted by the president, his administration attracted $30 billion in Foreign Direct Investment (FDI) commitments into the real sectors of the economy, since the assumption of office.