Tinubu reforms boost global confidence in Nigeria, attracting investment, strengthening trade ties, and improving economic outlook, says minister
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has said that ongoing reforms under President Bola Ahmed Tinubu are strengthening global confidence in Nigeria and unlocking new opportunities for trade, investment, and international cooperation.
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Speaking at a world press conference in London ahead of President Tinubu’s official visit to the United Kingdom at the invitation of King Charles III, Idris described the engagement as a powerful reflection of the enduring relationship between both nations.
“This visit highlights the historic and strategic relationship between Nigeria and the United Kingdom, built on deep diplomatic, economic, cultural, and democratic ties,” the minister said.
He noted that the visit provides an opportunity to deepen collaboration in critical sectors, including trade, security, climate action, education, and technological innovation.
Idris emphasised that Nigeria’s democratic system has grown stronger after more than two decades of uninterrupted governance since 1999, supported by vibrant institutions, an active civil society, and a dynamic media landscape.
He highlighted key reforms under the administration’s Renewed Hope Agenda, including the removal of petrol subsidy and the harmonisation of foreign exchange regimes, describing them as decisive measures aimed at restoring fiscal transparency and economic stability.
According to the minister, these reforms have made Nigeria Africa’s most attractive destination for oil and gas investment for two consecutive years, drawing over eight billion dollars in Final Investment Decisions from international companies.
He described the development as a major economic boost with far-reaching benefits for job creation and revenue generation.
Idris also disclosed that Nigeria will soon launch a Customs Single Window, a unified digital platform designed to streamline trade processes and improve efficiency.
He added that Nigeria’s recent exit from the Financial Action Task Force grey list has further strengthened its credibility within the global financial system.
Early indicators of progress, he said, include improved investor confidence, a growing trade surplus, and sustained expansion in manufacturing and services activity.
External reserves have also risen above 50 billion dollars as of February 2026, partly supported by diversification into gold holdings.
The minister pointed to major infrastructure projects such as the Lagos–Calabar Coastal Highway, Sokoto–Badagry Super Highway, and the Ajaokuta–Kaduna–Kano Gas Pipeline as transformative initiatives aimed at enhancing connectivity and industrial growth.
On security, Idris said the government has intensified coordination among security agencies while strengthening partnerships with countries including the United Kingdom and the United States.
He added that Nigeria is also playing a leading role in maritime security in the Gulf of Guinea.
Reaffirming Nigeria’s global outlook, Idris said the government remains committed to transparency, regulatory stability, and policies that support investors.
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“We deeply value our long-standing partnership with the United Kingdom and look forward to strengthening collaboration in the years ahead,” he said.
