The Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, has today declared that Nigeria’s economy is showing strong signs of recovery, crediting the series of bold fiscal and monetary reforms introduced by the Bola Tinubu administration.
Speaking to State House correspondents in Abuja, Minister Edun presented a positive outlook supported by key macroeconomic indicators, asserting that the economic hardship faced by citizens is yielding tangible results on the national balance sheet.
The Minister highlighted several data points to buttress his claims of an economic rebound:
Decade-High GDP: Nigeria’s Gross Domestic Product (GDP) recorded a robust growth rate of 4.3% in the recent quarter (Q2 2025), a figure cited as the highest growth witnessed in the last decade outside the immediate post-COVID rebound. The growth, he noted, was broad-based, spanning 13 key sectors.
Surging Investor Confidence: Investor trust in the Nigerian market has risen significantly, evidenced by the overwhelming demand for the recent Eurobond issuance, which was over-subscribed by $13 billion.
Fiscal Stability: “The economy is rebounding and responding positively to the measures taken,” Edun stated, adding that inflation is “beginning to taper down,” signaling a gradual stabilization of prices.
The Minister also celebrated Nigeria’s recent exit from the Financial Action Task Force (FATF) Grey List, describing it as a major milestone that strengthens the country’s global financial standing and capacity for investment.
While acknowledging that the reforms have led to painful adjustments for the average Nigerian, particularly concerning food and transport costs, Minister Edun reaffirmed the administration’s commitment to sustaining this growth trajectory. He stated that the next phase of reforms will focus on removing barriers to investment, stimulating productivity, and ultimately ensuring that the macroeconomic gains translate into improved purchasing power and poverty alleviation for all Nigerians.
