How Tinubu’s Reforms Rescued 27 States From Financial Crisis

‎How Tinubu’s Reforms Rescued 27 States From Financial Crisis – Information Minister
‎‎According to the minister, the improved revenue profile has allowed state governments to clear salary backlogs
Urges Nigerian youths to prepare themselves to take advantage of the changing economic environment

‎The Minister of Information and National Orientation, Mohammed Idris, has said that economic reforms introduced by President Bola Tinubu prevented at least 27 states from sliding into economic collapse.

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‎Eko Hot Blog reports that Idris made the disclosure on Saturday while delivering a lecture at the 34th convocation and 43rd Founders’ Day ceremony of the Federal University of Technology (FUT), Minna.

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‎Speaking on the theme “Youth and Nation Building: Navigating Opportunities in an Era of National Reforms,” the minister said many states were in dire financial straits before Tinubu assumed office on May 29, 2023, with several unable to meet basic responsibilities such as paying workers’ salaries.

‎“About 27 states could not pay salaries before this administration came in,” Idris said.

‎“President Tinubu came into office with a clear plan. The reforms he introduced have stabilised state finances. Today, states are earning almost three times what they used to receive.”

‎According to the minister, the improved revenue profile has allowed state governments to clear salary backlogs, invest in critical infrastructure, and deliver tangible benefits to citizens.

‎“These gains are the direct outcome of President Tinubu’s reforms and leadership strategy,” he noted.

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‎Idris stressed that meaningful nation-building cannot happen without sustained reforms, explaining that difficult but necessary decisions are often required to fix long-standing structural challenges.

‎“There can be no nation-building without reforms. If you stop reforming, you stop developing,” he said, adding that delayed action could have plunged the country into a deeper economic crisis.

‎He also highlighted the opportunities emerging from the ongoing reforms, urging Nigerian youths to prepare themselves to take advantage of the changing economic environment and contribute meaningfully to national development.