FUEL SUBSIDY REFORM HAS CREATED FISCAL SPACE, AVERTED DEEPER ECONOMIC CRISIS — INFORMATION MINISTER
The Honourable Minister of Information and National Orientation, Mohammed Idris, has said the economic reforms undertaken by the administration of President Bola Ahmed Tinubu are strengthening Nigeria’s fiscal position, improving economic stability and creating the resources required to invest in infrastructure, security, human capital and social protection. The Minister stated this on Wednesday in Abuja at a press conference convened to present the Federal Government’s “Nigeria’s Reform Scorecard: The Benefits, Costs and Harms Prevented,” providing Nigerians with detailed information on the resources generated through the removal of fuel subsidy and the unification of the foreign exchange market, as well as the broader impact of the reforms on the economy. Idris said the decision to remove the fuel subsidy was one of the most significant and difficult economic reforms undertaken by the Tinubu Administration, acknowledging that it had imposed real costs […]