Minister of Information and National Orientation, Mohammed Idris, has declared that President Bola Tinubu's Renewed Hope Agenda is successfully laying the foundation for Nigeria's economic renaissance through strategic reforms and investments.
Speaking at the 2025 Nigeria Public Relations Week in Uyo, Akwa Ibom State, Idris emphasized that the administration's policy direction has positioned Nigeria for what he described as a "most consequential economic reform" with visible results emerging across critical sectors.
"Permit me to posit, with every iota of conviction, that the Renewed Hope Agenda is steadfastly paving the way for Nigeria's economic renaissance," the Minister stated, urging public relations professionals to deploy "persuasive, values-driven and inclusive communication mechanisms" to galvanize Nigerians to participate in the country's economic reawakening.
Bold Economic Reforms
Idris highlighted that the economic reset began immediately after President Tinubu took office, with the removal of fuel subsidies and unification of the exchange rate, which he described as "the bedrock of our nation's economic transition."
While acknowledging that these reforms initially caused hardship, the Minister pointed to measurable outcomes now emerging, including improved exchange rate stability, increased state revenues, revived local oil refining, and a strengthened fiscal position.
Infrastructure and Investment Milestones
As the administration approaches its second anniversary, Idris outlined several landmark developments, including:
- N2.5 trillion investment in road infrastructure in 2025, the highest in Nigeria's history
- Creation of new ministries for regional development and livestock to accelerate economic growth
- Launch of NELFUND, which has supported over 300,000 Nigerian students
- Direct investment of over $450 million into Compressed Natural Gas infrastructure
- Establishment of CreditCorp to improve access to credit for housing and healthcare
- Allocation of N200 billion for economic assistance to businesses of all sizes
"Today, Nigeria is a vast construction site," Idris remarked, citing major projects like the Lagos-Calabar and Badagry to Sokoto superhighways. He also mentioned the revival of Port Harcourt and Warri Refineries, the N80 billion reconstruction of Alau Dam in Borno, and progress on the Kano-Kaduna Standard Gauge Railway Line.
Improving Economic Indicators
The Minister pointed to encouraging macroeconomic data, noting that the Consumer Price Index for April 2025 showed headline inflation at 23.71%, a decrease of 0.52% from March's 24.23%.
"This could only have happened because Mr. President's deliberate policy interventions gradually being made manifest, are well nurtured and paying off," he said.
Idris also highlighted that Nigeria has attracted over $50 billion in foreign direct investment commitments, with diaspora remittances reaching $21.9 billion, and Nollywood contributing over ₦730 billion to GDP.
The Minister called on public relations professionals to become central agents in projecting Nigeria's rising economic profile to the world and reiterated his ministry's commitment to strategic national messaging through the newly-conceived National Strategic Communication Framework.
