The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed Nigeria’s resolve to pursue bold economic reforms that are restoring stability, strengthening investor confidence, and laying the groundwork for inclusive and sustainable growth.
Speaking at the 31st Nigerian Economic Summit in Abuja, Mr. Edun described the country as being at a pivotal moment where decisive action will shape its economic trajectory. He cited tangible progress already recorded, including the stabilisation of the naira, improved foreign exchange management, higher federal allocations to states, and early signs of easing inflation.
The Minister outlined four core priorities to consolidate the gains to in clude raising Nigeria’s tax-to-GDP ratio through automation and technology,
Curbing inflationary pressures and unlocking private sector-led investment.
With Nigeria’s tax revenue currently at just 13% of GDP, compared to 50–60% in peer economies, Edun stressed the urgency of widening the tax base to fund critical infrastructure and expand social investment programmes.
On social protection, he revealed that the Direct Benefit Transfer Scheme has already reached more than 8 million Nigerians, with a target of 15 million households by year-end. Every beneficiary, he assured, is biometrically identified and digitally paid — ensuring accountability and measurable impact.
Underscoring the central role of the private sector, Mr. Edun noted that ongoing reforms are creating a more competitive environment for investments in energy, agriculture, transportation, and digital infrastructure. He emphasized Nigeria’s demographic advantage, stating: “Our youth will form a major part of the global workforce by 2050. Our task is to equip them to seize that opportunity.”
The Minister reaffirmed President Bola Ahmed Tinubu’s unwavering commitment to policies that deliver fiscal stability, attract investment, and ensure shared prosperity for all Nigerians.
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