Major Nigerian Investors Signal Increased Commitment to Key Sectors
By Patience Ikpeme
Prominent Nigerian investors, including business magnate Femi Otedola, have signaled their readiness to significantly increase commitments in sectors crucial for inclusive growth and national competitiveness.
Mr. Otedola gave this assurance in Abuja on Monday during a courtesy visit to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Otedola commended President Bola Ahmed Tinubu’s ambitious economic reform agenda and expressed renewed confidence in the policy direction of the current administration.
A statement from the Ministry of Finance on Monday reported that Minister Wale Edun, alongside Senator Abubakar Atiku Bagudu, the Minister of Budget and Economic Planning, and Mr. Otedola, engaged in a robust discussion on Nigeria’s evolving investment climate.
The discussions particularly covered expanding opportunities in banking and power, including renewable energy. The presence of both ministers during the meeting also points to the coordinated efforts of the economic management team to strengthen private sector engagement.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, observed that improving macroeconomic conditions, enhanced regulatory clarity, and pragmatic fiscal measures are not only restoring investor confidence but also creating a more level playing field for both established conglomerates and emerging enterprises to thrive.
He further confirmed the government’s commitment to fostering a favorable business environment where innovation, transparency, and capital investment can flourish.
“The gathering reflects the Federal Government’s determination to work hand in hand with the private sector to drive sustainable economic growth and equitable development across the country,” the statement said.
