President Bola Tinubu has ordered all ministers in his administration to give account of their stewardship to Nigerians with immediate effect.

The Minister of information and National Orientation, Mohammed Idris, announced the presidential order, at a news conference, in Abuja.

Idris said the briefing by the ministers is to enable Nigerians to know what the government has been able to do in the past and to ask questions on affording the ministers the avenue to give account of their stewardship.

The Minister also announced that the nation’s military killed no fewer than 8,000 terrorists and arrested over 11,600 militants in 2024 as part of efforts to enhance national security and peace.

Additionally, the armed forces successfully rescued 8,000 kidnap victims and recovered more than 10,000 weapons from non-state actors across the country throughout the year..

Idris explained that the ministerial briefing was designed to allow each minister to outline their achievements and challenges, thereby building public confidence and raising awareness about the administration’s efforts.

Taking the opportunity to highlight the successes of the Tinubu administration, the minister cited progress in fiscal policies, oil and gas reforms, passport reforms, and student loan support as some of the key accomplishments.

According to Idris, the introduction of the Electronic Foreign Exchange Matching System in December has led to unprecedented stability in the foreign exchange market and cleared billions of dollars in FX backlogs that had discouraged foreign investment.

He also noted that strong fiscal policies have resulted in increased foreign exchange inflows into Nigeria, boosting the economy. Capital inflow into the Nigerian Stock Exchange rose from 4 percent in 2023 to an average of 16 percent in 2024.

“Last week, the Naira hit an eight-month high in the official foreign exchange market. According to the Nigerian Exchange Group, foreign capital inflow into the Nigerian Stock Exchange has risen from 4 percent in mid-2023 to an average of 16 percent by the end of 2024,” Idris pointed out.

The Minister further noted that oil and gas reforms have made Nigeria the most attractive destination for oil and gas investments in Africa in 2024, attracting over $5 billion in signed investment commitments, known as Final Investment Decisions.

Turning to another area of success, Idris revealed that 169,000 Nigerian students have benefited from N32.8 billion disbursed by the Federal Government under the Nigerian Education Loans Fund (NELFUND).

He explained that N20 billion of this amount was used for school fees, while the remaining N12.8 billion covered upkeep and allowances for students across 150 tertiary institutions nationwide.

The Minister also boasted that, in its efforts to reduce reliance on petrol and gas, the Nigerian government has successfully facilitated the establishment of over 150 compressed natural gas (CNG) conversion centers nationwide.

“The Tinubu Administration has directly invested over $450 million in the development of Nigeria’s CNG value chain through the Presidential CNG Initiative,” the minister added.