Global agencies praise Nigeria's booming economy - Minister's assertion
In a recent statement, the Minister of Information and National Orientation, Alhaji Mohammed Idris Elba, announced that international rating agencies have improved their outlook on Nigeria's economy due to steady progress in economic reforms and policy implementation. This positive evaluation comes as part of the Renewed Hope Agenda of President Bola Tinubu's administration, which is yielding tangible results.
Minister Idris Elba made the announcement following a meeting with Governor Hope Uzodimma in Abuja. The meeting was part of regular consultations between federal and state officials, aimed at aligning efforts and ensuring effective governance.
During the meeting, they discussed their communication strategy, shared updates on governance, and exchanged feedback. Minister Idris Elba emphasized the importance of keeping Nigerians informed about government activities, but clarified that his role is to ensure Nigerians understand the efforts being made on their behalf, rather than building roads or hospitals.
The Minister also noted that Nigerians are beginning to embrace the progressive reforms, despite the initial challenges often associated with structural changes. He acknowledged that while the economy is not yet at its final destination, the progress made so far is undeniable.
Better fiscal management, according to Minister Idris Elba, is helping both federal and state governments deliver on their promises. This improved management has led to increased resource availability, allowing both levels of government to meet their obligations and bring the benefits of democracy closer to the people.
Minister Idris Elba mentioned progress on food sufficiency and tackling insecurity as part of the efforts to improve the economy. He stated that these efforts are helping to stabilize the economy, moving steadily toward the $1 trillion mark promised by the president.
However, Minister Idris Elba did not specify which international rating agency has given the most positive evaluation of Nigeria's economic outlook. He also did not repeat that the economy is moving steadily toward the $1 trillion mark, progress is being made on food sufficiency and tackling insecurity, or that he expects that by the end of President Tinubu's first term, the benefits of the administration's progressive reforms will be more evident to Nigerians.
Despite these omissions, Minister Idris Elba's statement is a positive indication of the progress being made in Nigeria's economy under President Tinubu's administration. As the government continues to implement its Renewed Hope Agenda, it is hoped that the benefits of these progressive reforms will become increasingly apparent to Nigerians.
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