Nigeria’s Reform Agenda Signals New Era Of Stability, Investor Confidence,says Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the Federal Government’s commitment to bold economic reforms aimed at restoring stability, boosting investor confidence, and laying the foundation for inclusive growth.

Speaking at the 31st Nigerian Economic Summit in Abuja, Edun outlined the current economic phase as “a pivotal moment” for the country, noting that decisive action will shape Nigeria’s future.

He highlighted key achievements so far, including the stabilisation of the naira, improved foreign exchange management, higher federal allocations to states, and early signs of easing inflation.

To sustain this momentum, the Minister identified four priority areas: reforming fiscal policy, increasing Nigeria’s tax-to-GDP ratio through automation and technology, curbing inflation, and unlocking private sector investments.

Edun emphasised the urgency of widening the tax base to fund critical infrastructure and social programmes, On social investments, he announced that the Direct Benefit Transfer Scheme has already reached over 8 million Nigerians, with a target of 15 million households by the end of the year.

Each beneficiary, he said, is biometrically identified and digitally paid to ensure transparency and accountability.

He noted the central role of the private sector in driving growth, stressing that ongoing reforms are fostering a more competitive environment for investments in energy, agriculture, transport, and digital infrastructure.

He said, “Nigeria’s demographic advantage means our youth will form a major part of the global workforce by 2050. Our task is to equip them to seize that opportunity”

He further underscored President Bola Ahmed Tinubu’s commitment to implementing policies that deliver fiscal stability, attract investment, and ensure prosperity is broadly shared.