The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has declared that Nigeria is driving bold reforms to achieve GDP growth of up to 7% in the medium term, more than double population growth, while significantly raising living standards.
Speaking during a strategic briefing with Mrs. Zainab Shamsuna Ahmed, World Bank Executive Director for Angola, Nigeria and South Africa (ANSA) Constituency, Edun stressed that the government’s reform agenda is already attracting international capital.
“Our focus is on structural reforms in agriculture, power, and digital infrastructure to build a stronger, more competitive economy,” he stated.
The Minister noted that measures such as subsidy removal, improved tax collection, and digitisation are beginning to yield results, with renewed investor confidence reflected in new manufacturing investments.
He underscored that Nigeria is committed to channeling multilateral support into impactful projects that expand infrastructure, create jobs, and unlock private sector investment.
Mrs. Ahmed reaffirmed the World Bank’s commitment to Nigeria’s development priorities and praised the country’s leadership role in continental forums, including the recent Africa Caucus.
Edun welcomed the Bank’s continued partnership, highlighting that Nigeria’s reform momentum, backed by multilateral support, will lay the foundation for sustainable growth and private sector–led development.
