Nigeria’s Economic Reforms Attract $8bn in New Energy Investment
By Patience Ikpeme
Nigeria’s recent economic reforms and renewed commitment to fiscal discipline have garnered international recognition and attracted significant capital, including over $8 billion in new investments in the energy sector.
This progress was disclosed by the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, who led the Nigerian delegation to the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington D.C.
The meetings served as a platform for Nigeria to present its economic improvements, which include a decline in inflation, stabilization of the exchange rate, and a foreign reserves position exceeding $43 billion.
“We are moving in the right direction toward macroeconomic stability, fiscal discipline, and inclusive growth,” Cardoso stated.
The Minister of State for Finance, Dr. Doris Uzoka-Anite, praised Mr. Cardoso’s leadership of the Nigerian delegation and expressed appreciation for the dedication and professionalism of all team members.
“The outcomes we have achieved this week are a direct result of our strong collaboration,” she said.
Dr. Uzoka-Anite added that the delegation returns home “with renewed vigour and vitality, with renewed hope and determination to deliver on our national priorities.”
Nigeria is now poised to play a key role in shaping the global financial architecture as it assumes the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) on International Monetary Affairs and Development. With renewed momentum and international confidence, the government is set to sustain its trajectory of stability, discipline, and shared prosperity.
The delegation, comprising top government officials, engaged with global leaders, policymakers, and financial institutions to discuss systemic reforms for inclusive and sustainable development. Key members of the delegation included the Minister of State for Finance, Dr. Doris Uzoka-Anite; Senate Committee Chairman on Finance, Distinguished Senator Muhammad Sani; Deputy Chairman House of Representatives Committee on Finance, Hon. Saidu Musa Abdullahi; Permanent Secretary Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya; Special Adviser to the President on Finance and Economy, Mrs. Sayande Okoli; and Deputy Governor CBN, Mohammed Abdullahi, among others.
