Wale Edun Champions Nigeria’s Economic Progress to the World Bank and IMF
By Patience Ikpeme
Nigeria’s Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, has delivered a robust assurance to international financial institutions regarding the upward trajectory of Nigeria’s economy.
In a statement issued by Alhaji Mohammed Manga, the Director of Press for the ministry, said Edun emphasized the government’s unwavering dedication to attracting foreign investment and enhancing the quality of life for Nigerians.
Mr. Edun underscored the significance of the “bold, courageous, and strategic reforms” implemented under the leadership of President Bola Ahmed Tinubu.
These reforms, he said, are designed to achieve a dual purpose: stabilizing the national economy to draw foreign investment and fostering job creation while reducing poverty.
Expressing optimism about the Nigerian economy’s current trajectory, Minister Edun cited government policies that have successfully mitigated food inflation, pointing to this as a tangible sign of progress.
His visit to Washington D.C. is part of a broader initiative to showcase the economic strides made during the current administration.
Accompanied by Mrs. Lydia Shehu Jafiya, the Permanent Secretary of the Ministry of Finance, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), and other key officials, Mr Wale Edun aims to engage with international institutions such as the World Bank and the IMF.
According to Edun, “The Economic Team of President Bola Ahmed Tinubu is here to showcase the progress so far made of his bold, courageous and strategic reforms for the Nigerian economy in order to get it stabilised so as to attract foreign investment, create jobs for our people, reduce poverty and enhance our economic growth and development in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration”.
He further highlighted positive economic indicators, including a stabilizing exchange rate and signs of declining food inflation. While acknowledging that oil revenues haven’t reached their full potential, Mr. Edun expressed confidence in Nigeria’s resilience and its capacity to achieve its economic objectives.
