The Federal Government has assured Nigerians that the economic reforms introduced by the Tinubu administration are beginning to yield positive results.
The Minister of Information and National Orientation, Mohammed Idris, gave this assurance while speaking at the 4th edition of the 2025 Ministerial Press Briefing held on Thursday, at the National Press Centre, Abuja.
According to him, there is a noticeable drop in food prices, stability in exchange rates, and a gradual decline in the cost of petroleum products.
“As we continue implementing these critical reforms, we are already seeing tangible improvements. Food prices are dropping, exchange rates are stabilizing, and the cost of petroleum products is gradually declining,” Idris stated.
He acknowledged that while the reforms had initially caused economic hardships, they were necessary steps toward long-term national prosperity.
“These reforms are not just well-intentioned; they are essential for our country’s growth and development. Let me say that we have crossed the Rubicon, and the pains are gradually easing as the benefits of these policies take effect,” he assured.
The minister also praised Nigerians for their patience and resilience during the challenging period of economic transition.
He emphasized that the government remains committed to ensuring stability and progress.
“I want to sincerely appreciate Nigerians for their patience, perseverance, and belief in the President’s vision. Meaningful reforms demand sacrifice, but they pave the way for a more stable and prosperous future,” he said.
He further called on religious leaders to use the ongoing Ramadan and the period Lent to pray for the country’s peace, security, and development.
“With unity, faith, and collective effort, we will emerge stronger, more resilient, and positioned for lasting prosperity.
“Last week, at the Annual Ramadan Lecture organized by the Nigerian Television Authority (NTA), the Federal Radio Corporation of Nigeria (FRCN), and the Voice of Nigeria (VON) in Kaduna, I emphasized the vital connection between faith, politics, and governance.
“A nation thrives when its leaders govern with a sense of divine responsibility, and I assure you that President Tinubu leads with the utmost fear of God, guided by the conviction that history will judge his administration favourably,” he added.
Food prices dropping, exchange rates stabilizing – FG claims reforms paying off
