Finance Minister Wale Edun says Nigeria is witnessing stronger revenues and renewed investor confidence as a result of recent economic reforms.
Speaking in Abuja at the opening of the West Africa Association of Public Accounts Committees conference, he said the government’s role is to create conditions that allow private investment to flourish while strengthening fiscal stability.
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He highlighted the removal of fuel subsidies and exchange rate reforms as difficult but necessary steps that are now yielding results. According to him, these measures have increased funding for states, reduced debt servicing pressures, and bolstered investor interest across key sectors.
Mr Edun acknowledged that challenges remain, including high interest rates and significant debt obligations. However, he stressed that Nigeria is now on a stronger economic path, with rising inflows, stable exchange rates, and opportunities for inclusive growth, particularly in manufacturing.
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