15 takeaways from the Tuesday Ministerial Press Briefing by the Minister Of Information, Mohammed Idris
- President Tinubu is determined to ensure that his administration engages and communicates with Nigerians regularly and robustly, and the Ministerial Briefing Series is one of the measures he has directed to achieve this objective
- This year 2025 is a year of consolidation for Nigeria, a year for building on the gains we have seen in the first 19 months of the administration, and reaping the fruits of our collective sacrifices. President Tinubu’s landmark fiscal reforms are paying off
- Early in Feb 2025, the Naira hit an eight-month high against the dollar at the official foreign exchange market
- Nigeria’s NGX All Share Index ended 2024 with an annual growth of 37.65 percent, making it one of the best-performing stocks in the world in 2024
- Foreign capital inflow into the Nigerian Stock Exchange has risen from 4 percent when PBAT assumed office to around 16 percent at the end of 2024
- PBAT’s Oil and Gas reforms in 2024 have made Nigeria the most attractive destination for oil and gas investments in Africa, attracting over $5 billion in Final Investment Decisions (FIDs) by Shell, TOTAL and partners
- Local Government Autonomy is here to stay and PBAT has set up an Inter-Ministerial Committee that will ensure the full enforcement of the Supreme Court judgement
- The Students Loan Fund (NELFUND) has so far disbursed N32.8 billion to over 169,000 students (N20 Billion in school fees and N12.8 Billion in upkeep allowances)
- Nigeria is getting $1.07 billion in low-cost financing from the World Bank, under the FG’s Human Capital Opportunities for Prosperity and Equity (#HOPE) program
- PBAT’s administration has invested and attracted a total of over $450 million into the development of Nigeria’s Compressed Natural Gas (CNG) value chain, through the Presidential CNG Initiative; from 7 CNG conversion centers in Nigeria in 2023, we now have over 150 across the country and counting
- Nigeria has become a vast construction site under President Bola Ahmed Tinubu. At the last Federal Executive Council (FEC) meeting, early February, over 2.5 Trillion Naira worth of road infrastructure projects were approved in one go – unprecedented in the history of our country!!
- in 2024, Nigeria’s gallant security forces neutralized more than 8,000 terrorists and bandits, and arrested 11,600 others, with more than 10,000 weapons recovered. About 8,000 kidnap victims were successfully rescued
- The Office of the National Security Adviser has recently established a Multi-Agency Anti-Kidnap Fusion Cell (MAAKFC) to take the fight against kidnapping to the next level
- The new Ministry of Livestock Development established by PBAT will take the lead in the harnessing of multi-billion-dollar agricultural opportunities that will transform our rural communities and enrich and empower tens of millions of Nigerians
- True to the promise of his campaign, President Tinubu is bringing renewed hope to all Nigerians, male and female, young and old, in every corner of the country. This journey of reformation and transformation that we have started will yield the desired fruit, and no one will be left behind.
