Reforms implemented by Tinubu are increasing investor trust, according to the Minister of Information

The Federal Government has stated that the economic and governance reforms introduced by President Bola Ahmed Tinubu are bolstering global confidence in Nigeria, paving the way for more robust trade and investment partnerships, particularly with the United Kingdom.

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Minister of Information and National Orientation, Mohammed Idris, disclosed this information on Sunday in London during a world press conference preceding the president's official visit to the UK, which was initiated by King Charles III.

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The upcoming visit underscores the long-standing diplomatic and economic ties between Nigeria and the UK, presenting an opportunity for both nations to fortify collaboration in key sectors such as trade, security, climate action, education, and technological innovation.

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According to Idris, the administration's reforms, implemented under the Renewed Hope Agenda, aim to stabilise the economy, expand opportunities for citizens, and create a predictable environment for investors.

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Key policy measures highlighted by the minister include the removal of petrol subsidy and the unification of Nigeria's multiple foreign exchange regimes, which are deemed necessary for restoring fiscal transparency and ensuring long-term economic sustainability.

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Idris noted that these reforms are already yielding positive results, improving investor confidence across several sectors of the economy, with Nigeria emerging as Africa's leading destination for oil and gas investments for two consecutive years.

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The country has attracted over $8 billion in Final Investment Decisions from major international energy companies, which are expected to generate employment opportunities, promote skills development, revitalise host communities, and increase government revenues at all levels.

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Nigeria is also preparing to launch a Customs Single Window, a unified digital trade platform designed to connect trade agencies, importers, and exporters, simplify documentation, and enhance efficiency in international trade.

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The minister revealed that Nigeria recently exited the grey list of the Financial Action Task Force (FATF) following reforms aimed at combating money laundering and illicit financial flows, which is expected to strengthen the country's credibility in the global financial system.

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Reforms are also underway in the mining sector to eliminate speculative licence holding and ensure that only credible investors participate in the development of Nigeria's mineral resources.

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Early indicators suggest that the government's economic reforms are beginning to produce positive outcomes, with inflation dropping significantly from its 2023 peak and the purchasing managers' index of the Central Bank of Nigeria recording fifteen consecutive months of growth.

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Nigeria's external reserves have risen to over $50 billion as of February 2026, with a portion of the reserves now held in gold as part of the country's diversification strategy.

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The minister highlighted major infrastructure projects currently underway, including the Lagos–Calabar Coastal Highway, the Sokoto–Badagry Super Highway, and the Ajaokuta–Kaduna–Kano Gas Pipeline, which are expected to improve economic connectivity and stimulate industrial development.

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In the power sector, initiatives such as the Presidential Power Initiative and the Presidential Metering Initiative, as well as the establishment of the Grid Asset Management Company, aim to expand electricity infrastructure and improve power supply nationwide.

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The administration is investing heavily in human capital development, with the Nigerian Education Loan Fund enabling over one million students to access higher education without upfront tuition payments.

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On security, Idris stated that the government has strengthened intelligence sharing and operational coordination among security agencies to tackle terrorism, banditry, and organised crime, while also deepening cooperation with international partners, including the United Kingdom and the United States.

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The Nigerian Navy, ranked Africa's strongest naval fleet in the 2026 Global Firepower Index, is spearheading the establishment of a Combined Maritime Task Force to enhance security in the Gulf of Guinea.

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Idris reaffirmed Nigeria's commitment to religious freedom, peaceful coexistence, and national unity, stressing that the country's diversity remains one of its greatest strengths.

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The minister reiterated Nigeria's readiness to welcome responsible global investors, assuring that government policies support regulatory transparency, tax incentives, and the full repatriation of profits, while also valuing the enduring partnership with the United Kingdom and looking forward to expanding cooperation that will benefit both nations.