FG Strengthens Private Sector Growth with IFC Support

The Federal Government has reaffirmed its commitment to private sector-led economic growth, emphasizing the crucial role of the International Finance Corporation (IFC) in driving investment across key sectors.
Speaking at a World Bank event on Thursday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, assured that the government remains dedicated to fostering a business-friendly environment that attracts private investments.
The Minister praised IFC’s contributions to agriculture, infrastructure, and energy, noting that these partnerships are essential for economic stability and job creation.
“The government is committed to working with global partners like the IFC to drive sustainable investments that will unlock economic opportunities and improve the standard of living for Nigerians,” Edun stated.
He highlighted that recent policy reforms, such as the removal of fuel subsidies and efforts to boost production, have strengthened public finances and enhanced the investment climate.
While acknowledging the rising cost of living, the Minister assured that the government is prioritizing food security and expanding financial support for vulnerable Nigerians.
He thanked the IFC and other development partners for their continued collaboration in shaping Nigeria’s economic future.
“As Nigeria continues its economic transformation, strategic partnerships will remain key to achieving our long-term goals of sustainable growth, job creation, and poverty reduction,” he added.
With renewed commitment and stronger collaboration between the government and global financial institutions like the IFC, Nigeria is positioned to unlock its full economic potential. The administration remains focused on creating an environment where businesses can thrive, ensuring that private sector investments drive growth, innovation, and prosperity for all Nigerians.