The Minister of Information and National Orientation, Mohammed Idris, has stated that economic reforms introduced by President Bola Tinubu rescued at least 27 states from potential economic collapse.
Idris shared this during a lecture on Saturday at the 34th convocation and 43rd Founders’ Day of the Federal University of Technology (FUT), Minna.
Addressing the theme “Youth and Nation Building: Navigating Opportunities in an Era of National Reforms,” the minister highlighted that before Tinubu assumed office on May 29, 2023, many states struggled to meet basic financial obligations, including paying workers’ salaries.
“About 27 states could not pay salaries before this administration came in,” Idris said.
He added, “President Tinubu came into office with a clear plan. The reforms he initiated have stabilised state finances. Today, states are earning almost three times what they used to receive.”
Idris explained that the stronger revenue streams have allowed states to clear salary arrears, undertake major infrastructure projects, and deliver visible benefits of democracy to citizens.
“These gains are the direct outcome of President Tinubu’s reforms and his leadership strategy,” the minister stated.
He stressed that continuous reforms are essential for nation-building, noting that tough decisions are often necessary to fix structural problems and drive the country forward.
“There can be no nation-building without reforms. If you stop reforming, you stop developing,” he said.
Idris further noted that the reforms have helped Nigeria avoid a deeper economic crisis that might have emerged if corrective measures were delayed.
He also highlighted that the ongoing reforms are opening new doors for Nigerian youths, urging them to position themselves to take advantage of the changing economic landscape.
