The Federal Government has announced a renewed economic strategy aimed at stabilising the macroeconomic environment, driving private sector-led investment, and improving public services.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the plan focuses on two key goals: creating a stable environment for private sector growth and boosting government savings for investment in education, health, and infrastructure.
Director of Information and Public Relations, Muhammed Manga in a statement quoted Edun thus,
“Our task is to deliver tangible improvements in the lives of Nigerians through more and better-paying jobs, alongside improved public services,” Edun stated.
Nigeria’s GDP grew 3.13% in Q1 2025, up from 2.3% a year earlier, while inflation eased to 22.22% in June. Foreign reserves stood at $39 billion in July. The government has cleared outstanding capital budget obligations and is prioritising critical sectors, targeting 7% annual GDP growth through infrastructure expansion, energy security, and increased food production.
Edun emphasised fiscal discipline, structural reforms, and coordinated fiscal-monetary policies to cut inflation, boost investor confidence, and enhance household purchasing power.
“Public resources must work harder for our people and our economy,” he said, reaffirming the administration’s commitment to transparency, resilience, and inclusive growth.
FG Unveils Strategy for Economic Stability, Accelerated Growth
