The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed that the removal of fuel subsidies and the implementation of foreign exchange reforms have strengthened Nigeria’s public finances, improved investor confidence, and redirected national resources toward citizens and productive investments.
Speaking in Akure, Ondo State, during the South West Stakeholders Dialogue, Mr. Edun reiterated the Federal Government’s commitment to disciplined fiscal management, transparency, and private sector–led growth under President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Quoting the Minister, the Director of Information and Public Relations, Mohammed Manga, said in a statement: “Nigeria’s resources are now benefiting the many, not the few. Our reforms are levelling the playing field, boosting competitiveness, and enabling sustainable economic expansion.”
Mr. Edun noted that the reforms are already delivering measurable results — including faster GDP growth, easing inflationary pressures, and a stabilising exchange rate. He also highlighted key interventions such as digital cash transfers to vulnerable households, the rollout of student financing under NELFUND, and the government’s plan to deploy a 90,000-kilometre fibre-optic network across the country to expand digital access and drive innovation.
He emphasised that the administration remains focused on reforms that attract investment, deepen inclusion, and lay the foundation for long-term prosperity. “We are creating the right conditions for businesses to thrive and for every Nigerian to benefit from the nation’s progress,” the Minister concluded.
