Nigeria’s Economy Enjoys Positive Recognition from Global Rating Agencies – Minister

Minister of Information and National Orientation, Alhaji Mohammed Idris, has revealed that Nigeria’s economy is earning high praise from international rating agencies, signaling robust confidence in the nation’s economic trajectory. 

Speaking after a discussion with Imo State Governor and Progressive Governors’ Forum Chairman, Hope Uzodimma, in Abuja on Tuesday, Idris highlighted that President Bola Tinubu’s Renewed Hope Agenda is delivering measurable progress.

“The renewed hope agenda is on course. Nigerians’ optimism is being restored. Every day, we hear encouraging reports about our economy,” he said.

The minister also said that international rating agencies had improved their outlook on Nigeria’s economy, citing steady progress in economic reforms and policy implementation.

“While we acknowledge that it’s not yet Uhuru or El Dorado, the progress so far is undeniable. This government has set a clear direction for the economy, and we are on track to achieve our targets,” he said.

Idris said that by the time Tinubu completes his first term, the benefits of the administration’s reforms would be more evident to Nigerians.

“We are only at the midterm but the results are promising. With continued implementation of these policies, Nigerians will feel a significant difference by the end of the administration’s first four years,” he said.

The minister also noted that Nigerians wwre beginning to embrace the reforms in spite of the initial challenges often associated with structural changes.

“Reforms are never easy—anywhere in the world. Pain comes with laying a solid foundation. But Nigerians are beginning to understand and support the policies being rolled out.

“The economy is now on a more stable footing, moving steadily toward the $1 trillion mark promised by the president.

“We’re making progress on food sufficiency and tackling insecurity. These efforts, along with better fiscal management, are helping both federal and state governments deliver on their promises,” he stated.

The minister further stated that both levels of government were now seeing increased resource availability due to the ongoing reforms.

“Resources are being freed up for development. This allows both the federal and state governments to meet their obligations and bring the dividends of democracy closer to the people,” he said.

Idris described the meeting with Uzodimma as part of regular consultations between federal and state officials.

“These meetings help align federal and state efforts. We discussed our communication strategy, shared updates on governance and exchanged feedback.

“This coordination is vital to ensuring effective implementation of national policies,” he said.

The minister emphasised the importance of keeping Nigerians informed about government activities.

“My role is to ensure Nigerians understand the efforts being made on their behalf. I don’t build roads or hospitals—but I make sure the people know who is, and how their lives are being improved,” he added. 

NAN