The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that Nigeria is targeting 7% economic growth and large-scale job creation, as the country’s economic reforms continue to gain international recognition.
Speaking at the conclusion of the 2025 IMF and World Bank Spring Meetings in Washington, D.C., Edun said that despite the challenging global environment, Nigeria is firmly on the path of stability, reform, and sustainable growth.
“We are focused on creating sustainable jobs for young Nigerians, supported by investments in critical infrastructure such as digital connectivity, access to data, and fibre optic networks,” Edun stated.
He explained that through private sector engagement and domestic revenue mobilisation, the Federal Government is stabilising the economy and creating an environment conducive to business growth.
“At both the IMF and the World Bank, Nigeria’s reform programme spanning fiscal, monetary, and structural policies has been recognised as being on the right track. Despite global uncertainty, Nigeria is poised for resilient, inclusive growth,” the Minister added.
Edun emphasised the government’s flexible approach to fiscal planning, noting that “a budget is a statement of intent; it must be continually recalibrated to reflect on-ground realities and available resources.”
In his contribution, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, reiterated the apex bank’s firm commitment to tackling inflation, describing it as the most disruptive force against the economic welfare of Nigerians.
“Our focus is to bring inflation down to single digits over the medium term,” Cardoso said.
He also highlighted rising investor confidence, referencing the recent high-level investment forum hosted at the Nasdaq Market Site in New York, which showcased Nigeria’s reform momentum and increasing interest from global investors and the diaspora.
The Nigerian delegation to the Spring Meetings was led by Mr. Wale Edun and included Mr. Olayemi Cardoso; Mr. Muhammad Sani Abdullahi, Deputy Governor, CBN Economic Policy Directorate; Distinguished Senator Mohammed Sani Musa, Chairman, Senate Committee on Finance; Hon. Saidu Musa Abdullahi, Deputy Chairman, House Committee on Finance; Mrs. Lydia Shehu Jafiya, Permanent Secretary, Federal Ministry of Finance; Mr. Faruk Yusuf Yabo, Permanent Secretary, Federal Ministry of Communications, Innovation and Digital Economy; Ms. Patience Oniha, Director-General, Debt Management Office (DMO); Mrs. Sayande Okoli, Special Adviser to the President on Finance and Economy; among other senior government officials.
As Nigeria deepen its reform efforts, the Federal Government reiterated its commitment to building a transparent, inclusive, and prosperous economy for all Nigerians.
