|By Babatunji Wusu-
-Finance Minister Woos Global Investors at IMF Forum
–Says Nigeria’s Economy Stabilising, Contracts Will Be Honoured
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured global investors that the country is safe, open, and ready for investment.
Edun made the declaration on Wednesday at the Nigeria Investment Forum, held during the ongoing World Bank/International Monetary Fund (IMF) Spring Meetings in Washington D.C.
Speaking to global finance stakeholders, Edun highlighted Nigeria’s recent strides in macroeconomic reforms and emphasised the Tinubu administration’s commitment to fiscal discipline, contract integrity, and private-sector growth.
“We are committed to stabilising the economy so that the private sector will find it attractive to invest,” Edun said.
“The government believes in the sanctity of contracts.”
He said that maintaining fiscal congruence remained a top priority, noting this goal as a driving force behind the new management team at the Nigerian National Petroleum Company Limited (NNPCL).
“Their mandate is to increase production and save costs,” the minister explained.
According to him, the government is pursuing economic diversification through agriculture, technology, infrastructure, and asset optimisation to close budget gaps and drive sustainable growth.
“Optimisation of assets is another route to closing the gap in the budget,” Edun added.
He noted that the administration has rolled out foundational reforms which are already delivering results, citing improvements such as:
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A narrowing budget deficit,
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An improved trade balance, and
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A stabilising exchange rate.
Edun further revealed that the government has laid out a clear plan for targeted sectoral growth, especially in agriculture and digital infrastructure.
He stated that agriculture tops the priority list, with a focus on the entire value chain to boost food security and enhance productivity.
The minister also disclosed that over 90,000km of fibre optic cable has been deployed across the country to boost digital connectivity, create opportunities for youth, and empower tech entrepreneurs.
In the infrastructure sector, he said 4,000km of roads have been tendered for private sector partnership, with 1,000km already approved for execution.
