By Joseph Erunke, Abuja
ABUJA — The Federal Government has said the economic reforms undertaken by the administration of President Bola Ahmed Tinubu, particularly the removal of fuel subsidy, have strengthened Nigeria’s fiscal position, improved economic stability and created resources for investment in infrastructure, security, human capital and social protection.
The Minister of Information and National Orientation, Mohammed Idris, 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.”
The scorecard provided details on 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 described the decision to remove the fuel subsidy as one of the most significant and difficult economic reforms undertaken by the Tinubu administration, acknowledging that it had imposed real costs and adjustments on households, businesses and communities.
