Nigeria Safe for Investment, Says Finance Minister Edun
At the Nigeria Investment Forum during the World Bank/IMF meetings in Washington D.C., Finance Minister Wale Edun reassured investors that Nigeria is a secure investment destination. He highlighted efforts to stabilize the economy through fiscal discipline, optimizing assets, and diversifying sectors.
Edun emphasized that the administration of President Bola Tinubu has introduced foundational reforms, with the aim of achieving 7% annual growth. He cited improved macroeconomic indicators such as a narrowing budget deficit, a stabilizing exchange rate, and a positive trade balance.
The minister also noted significant investments in agriculture, digital connectivity, and infrastructure, including the rollout of 90,000 km of fibre optic cables and the tendering of 4,000 km of roads for private sector involvement. Central Bank Governor Yemi Cardoso echoed Edun’s sentiments, noting the positive effects of recent reforms in stabilizing Nigeria’s economy.
