Nigeria’s economy rebounds with 4.3% GDP growth, rising investor confidence, and tapering inflation, says Finance Minister Wale Edun.
Nigeria’s economy is showing strong signs of recovery following a series of bold reforms introduced by President Bola Tinubu, the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, has said.
Also read: EU respects Nigeria’s sovereignty, reaffirms support
Speaking with State House correspondents after briefing the President on Thursday, Edun reported that the nation recorded a 4.3% GDP growth, the highest in a decade. The growth spans 13 key sectors, reflecting the broad impact of the government’s reform agenda.
“The economy is rebounding and responding positively to the measures taken by the Tinubu administration,” Edun stated.
Investor confidence has also surged, highlighted by the $13 billion oversubscription of Nigeria’s Eurobond issuance. Edun said the figures demonstrate the global market’s trust in the country’s economic direction.
He added that inflation is “beginning to taper down,” signalling a gradual stabilisation of prices and improvement in Nigerians’ purchasing power.
Nigeria’s recent exit from the Financial Action Task Force (FATF) Grey List was also described as a major milestone, enhancing the nation’s credibility and standing in international finance.
“These achievements show that President Tinubu’s economic reforms are working. We are seeing tangible results in growth, confidence, and fiscal stability,” Edun said.
Also read: Applying mathematical principles to diagnosing and solving nigeria’s problems
The minister reaffirmed the government’s commitment to sustaining economic growth, improving productivity across all sectors, and ensuring that reforms translate into real benefits for Nigerians.
Source: Read more at iretura.com
