JUST IN: Tinubu’s govt rejects CSOs’ warning that Nigeria is nearing collapse
The Bola Tinubu-led Federal Government has rejected the comments by 52 civil society organisations that Nigeria is on the brink of collapse.
Responding to the narrative, Mohammed Idris, minister of information and national orientation, said Nigeria is not on the brink of collapse, insisting the country remains stable and on a path to recovery.
Idris spoke on Wednesday at the 81st General Assembly and 23rd Annual General Meeting of the Broadcasting Organisations of Nigeria (BON) in Abuja.
His words: “I want to unequivocally refute the insinuation that Nigeria is on the brink. On the contrary, we are daily exhibiting resilience and tackling our security and economic challenges more decisively.”
The minister said the federal government is recording progress in the fight against insecurity through coordinated military operations.
Idris cited recent security operations in Zamfara and Niger states where security forces neutralised bandits and foiled planned attacks.
“Coordinated operations by the Armed Forces and other security agencies have led to sustained gains in several parts of the country.
“Incidents of large-scale insurgent control have significantly decreased, and we are strengthening intelligence and rapid response systems to protect lives and property,” he said.
On the economy, Idris said ongoing reforms are yielding results and improving investor confidence in the country’s economy.
“Nigeria’s foreign reserves are strengthening, investor confidence is improving, and reforms in both the oil and non-oil sectors are expanding revenue streams.
“These decisions, though difficult, are stabilising public finances and creating a more transparent economic environment,” he said.
Idris said Nigeria’s return to frontier market status by FTSE Russell signals renewed international confidence in the country’s economy.
“This development confirms that Nigeria is once again a viable destination for global investment, with international funds expected to increase participation in our capital market,” he stated.
