Edun Reassures Investors of Nigeria’s Steady Economic Growth
By Patience Ikpeme
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has met with a delegation of investors led by Bank of America (BoA), providing a comprehensive overview of Nigeria’s macroeconomic outlook and fiscal trajectory.
The meeting, held at the Minister’s office in Abuja, showed the country’s compelling economic growth story and aimed to reinforce investor confidence in Nigeria’s investment climate.
During the discussions, Wale Edun reassured the delegation that Nigeria’s economy is on a steady growth path, characterized by easing inflation, stabilizing prices, and strengthening fiscal sustainability.
He emphasized the government’s commitment to creating an environment conducive to investment and sustainable economic development.
The Minister highlighted key economic reforms implemented by the administration, including market-driven foreign exchange and PMS (Premium Motor Spirit) pricing. He explained that these reforms have significantly boosted petroleum production, improved the country’s investment appeal, and generated substantial fiscal savings. These measures are pivotal in addressing long-standing economic challenges and fostering a more robust and resilient economy.
Speaking on behalf of the Bank of America delegation, Tatonga Rusike acknowledged the notable reduction in Nigeria’s budget deficit and commended the country’s economic progress. He emphasized that the government’s policy reforms and commitment to fiscal discipline have significantly enhanced investor confidence in Nigeria’s long-term growth potential.
The meeting with the Bank of America delegation marks a crucial milestone in Nigeria’s ongoing efforts to attract foreign investment and drive sustainable development.
