FG Boasts of Economic Turnaround as Food Prices Drop, Exchange Rates Stabilize

The Federal Government has reaffirmed its commitment to steering Nigeria toward economic stability, assuring citizens that the bold reforms initiated by the Tinubu administration are beginning to bear fruit.

This reassurance came from the Minister of Information and National Orientation, Mohammed Idris, during the 4th edition of the 2025 Ministerial Press Briefing held on he 13th of March, 2025, at the National Press Centre, Abuja.

Speaking on the impact of the government’s policies, Idris highlighted encouraging signs of progress, noting a decline in food prices, a more stable exchange rate, and a gradual reduction in petroleum costs.

“As we continue implementing these critical reforms, we are already seeing tangible improvements. Food prices are dropping, exchange rates are stabilizing, and the cost of petroleum products is gradually declining,” he stated.
Acknowledging the initial economic strain caused by these measures, the minister emphasized that they were necessary for Nigeria’s long-term prosperity.

“These reforms are not just well-intentioned; they are essential for our country’s growth and development. Let me say that we have crossed the Rubicon, and the pains are gradually easing as the benefits of these policies take effect,” he assured.

He commended Nigerians for their endurance and resilience during the transition, recognizing their sacrifices in the face of economic challenges.

“I want to sincerely appreciate Nigerians for their patience, perseverance, and belief in the President’s vision. Meaningful reforms demand sacrifice, but they pave the way for a more stable and prosperous future,” he noted.

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The minister further urged religious leaders to use the ongoing Ramadan and Lent as a period of reflection and prayer for the nation’s peace, security, and development.

“With unity, faith, and collective effort, we will emerge stronger, more resilient, and positioned for lasting prosperity.

“Last week, at the Annual Ramadan Lecture organized by the Nigerian Television Authority (NTA), the Federal Radio Corporation of Nigeria (FRCN), and the Voice of Nigeria (VON) in Kaduna, I emphasized the vital connection between faith, politics, and governance.

“A nation thrives when its leaders govern with a sense of divine responsibility, and I assure you that President Tinubu leads with the utmost fear of God, guided by the conviction that history will judge his administration favourably,” he added.

With these assurances, the government seeks to instill confidence in its reform agenda, maintaining that the sacrifices of today will yield a more prosperous tomorrow.

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