To attract investments, Edun showcases improvement of Nigerian economy in Washinton

The Federal Government has given the assurance that it will continue to showcase the progress made so far in the Nigerian economy in order to attract more foreign investment into the country with a view to improving on the lives of Nigerians

The Minister of Finance and Co-ordinating Minister of the Economy, Mr Wale Edun, gave the assurance in Washington as the World Bank-IMF Spring Meetings intensify in Washington DC when he granted audience to some newsmen.
Director, Information and Public Relations, Mohammed Manga in a statement quoted the minister to stated that the bold, courageous and strategic reforms of the Nigerian economy embarked upon by the President Bola Ahmed Tinubu-led Administration aims not only at stabilising the nation’s economy in order to boost foreign investment into the country but also to provide opportunities for job creation and poverty reduction.

The Minister explained that the economy is moving in the right direction as the policies put in place by the present administration have started slowing down food inflation.

Edun explained that both he, the Permanent Secretary of the Federal Ministry of Finance Mrs Lydia Shehu Jafiya, the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, and other key government officials were in Washington DC to showcase the progress made so far in the Nigerian economy.
“The Economic Team of President Bola Ahmed Tinubu is here to showcase the progress so far made of his bold, courageous and strategic reforms for the Nigerian economy in order to get it stabilised so as to attract foreign investment, create jobs for our people, reduce poverty and enhance our economic growth and development in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration”
“We have all seen what has happened in terms of stabilising the exchange rate and inflation, which is now heading in the right direction*, the Minister said

He added that after a closer look at the numbers that came out especially from Monday, there is a slowing of the rate of increase of food inflation “Things are moving in the right direction, government revenues are up, even oil revenues are up but not as much as we will like. But I assure you that with our resilience, we will get there, he concluded.

The Minister is attending the World Bank-IMF Spring meeting in Washington DC alongside the Ministry’s Permanent Secretary, Mrs Lydia Shehu Jafiya, some Directors and other government officials.