The Federal Government has said that President Bola Tinubu is implementing series of transformative policies and reforms to address the missteps of the past and make Nigeria emerge as a formidable economic superpower very soon.
The Minister of Information and National Orientation, Mohammed Idris, said this on Thursday in Abuja at a press conference to unveil the activities lined up for the country’s 64th Independence Anniversary.
“Under the visionary leadership of President Tinubu, we have initiated transformative policies and reforms aimed at correcting the missteps of the past and repositioning Nigeria as an economic superpower shortly.
“Despite global economic headwinds and the transitional pains accompanying some of the reforms, the President has remained focused in his efforts towards reviving our economy and returning the country to the path of prosperity and sustainable growth,” Idris said.
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The minister said that one of the significant setbacks to rural socio-economic development in Nigeria has been the absence of direct fiscal control by elected local government administrations.
He also said that President Tinubu had taken decisive step toward implementing local government autonomy, by seeking a verdict from the Supreme Court, thus showing the Tinubu administration’s commitment to a deep-rooted restructuring of the country.
He said that the reforms were also tailored to ensuring macroeconomic stability, stabilising the foreign exchange regime, and reforming the tax system to make it more efficient.
“The administration is reducing the burden on Nigerians and repositioning our oil and gas sector, to attract new investment. With the removal of the petroleum subsidy, President Tinubu is gradually guiding Nigeria into an unprecedented energy transition phase,” Idris said.
The minister also commended the country’s 25 years of uninterrupted democracy, calling it a testament to the will of the Nigerian people to sustain freedom and liberty for future generations.
Idris said that Nigeria’s journey since independence is one of resilience, strength, and progress, despite numerous challenges.
“This is a time of reflection, celebration, and renewed hope as we honour the journey of Nigeria, a nation that has demonstrated resilience, strength, capacity, and an unyielding spirit in the face of numerous and daunting challenges.
“Since gaining independence in 1960, Nigeria has evolved from a nation of hope and potential into a leading force on the African continent and a respected voice in the global community. We have faced numerous trials, from political upheavals to economic challenges, but each time, we have risen stronger through our shared unwavering vision of a united and prosperous country.
“Our democracy, now unbroken for a quarter of a century, stands as a testament to the will of the Nigerian people to attain and sustain freedom and liberty for posterity. Despite some challenges, we have weathered the storm and remained committed to democratic values and showcasing the maturity of our political system,” he said.
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