Nigeria’s economic and governance reforms under President Bola Tinubu are strengthening global confidence in the country, the Minister of Information, Mohammed Idris, has said, adding that measures are creating opportunities for trade, investment, and international collaboration ahead of the president’s UK visit.
Speaking at a World Press Conference in London, Idris highlighted that the visit provides an opportunity to deepen partnerships with the United Kingdom in trade, security, climate action, education, and technology. He emphasised that Nigeria’s policies are making the country more attractive to investors and fostering stronger bilateral ties.
The minister pointed to key reforms, including the removal of fuel subsidies and the harmonisation of foreign exchange regimes, which have improved fiscal transparency and created a predictable business environment.
“These policies are building trust and opening doors for investors while strengthening the economy”, he added.
Idris noted that Nigeria has attracted over $8 billion in oil and gas projects in the last two years, generating jobs, technical skills, and increased revenues. He also announced plans to launch a Customs Single Window, a digital platform to streamline trade processes for importers, exporters, and regulatory agencies.
He highlighted Nigeria’s exit from the Financial Action Task Force grey list after anti-money laundering reforms, reduced inflation, trade surpluses, and 15 consecutive months of growth in the Central Bank’s Purchasing Managers’ Index. On security, Idris praised strengthened intelligence coordination and described Nigeria’s Navy as Africa’s most powerful, leading efforts to secure the Gulf of Guinea.
Reaffirming Nigeria’s commitment to unity, peaceful coexistence, and religious freedom, Idris encouraged international investors to explore opportunities in the country, assuring regulatory transparency, tax incentives, and full repatriation of profits.
“With these reforms, Nigeria is open for business and ready to partner with the world for sustainable growth”, he concluded.
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