Nigeria’s economic outlook is strengthening, with the federal government targeting 7 percent economic growth and large-scale job creation, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced.
Speaking at the conclusion of the 2025 IMF and World Bank Spring Meetings in Washington, D.C., Edun highlighted that, despite a challenging global environment marked by high debt, rising interest rates, and geopolitical tensions, Nigeria remains firmly on the path of reform, stability, and growth.
In a statement released on Sunday, Mohammed Manga, Director, Information and Public Relations in the Ministry of Finance, quoted Edun as saying, “We are focused on creating sustainable jobs for young Nigerians, supported by investment in critical infrastructure such as digital connectivity, access to data, and fibre optic networks. By crowding in the private sector and driving domestic revenue mobilisation, we are stabilising the economy and creating an environment where businesses can thrive.”
The minister reaffirmed that the government’s economic strategy, anchored by President Bola Ahmed Tinubu’s administration, is delivering results, with international partners acknowledging Nigeria’s policy direction.
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“At both the IMF and the World Bank, Nigeria’s reform programme — spanning fiscal, monetary, and structural policies — has been recognised as being on the right track. Despite global uncertainty, Nigeria is poised for resilient, inclusive growth,” Edun added.
He also emphasised the government’s pragmatic approach to fiscal planning: “A budget is a statement of intent; it must be continually recalibrated to reflect on-ground realities and available resources.”
The Central Bank Governor, Mr. Olayemi Cardoso, echoed these sentiments, noting the CBN’s firm commitment to reducing inflation sustainably: “Inflation remains the most disruptive force against the economic welfare of Nigerians. Our focus is to bring it down to single digits over the medium term,” Cardoso said.
Highlighting growing investor confidence, Cardoso referenced Nigeria’s recent high-level investment forum at the Nasdaq Market Site in New York, showcasing the country’s reform momentum and rising interest from global investors and the diaspora.
The statement noted that as the federal government deepens its reform efforts, it remains committed to building a transparent, inclusive, and prosperous economic future for all Nigerians.
Nigeria’s delegation to the Spring Meetings was led by Mr. Wale Edun and included: Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN); Mr. Muhammad Sani Abdullahi, Deputy Governor, CBN Economic Policy Directorate; Distinguished Senator Mohammed Sani Musa, Chairman, Senate Committee on Finance; Hon. Saidu Musa Abdullahi, Deputy Chairman, House Committee on Finance; Mrs. Lydia Shehu Jafiya, Permanent Secretary, Federal Ministry of Finance; Mr. Faruk Yusuf Yabo, Permanent Secretary, Federal Ministry of Communications, Innovation and Digital Economy; Ms. Patience Oniha, Director General, Debt Management Office (DMO); Mrs. Sayande Okoli, Special Adviser to the President on Finance and Economy; as well as other senior government officials.
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