…Urges Investors To Explore Opportunities In Economy
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that the government is targeting 7% annual growth, driven by ongoing strategic reforms to boost agricultural productivity, digital infrastructure, oil production and job creation in the country.
Speaking during the meeting with investors on the sidelines of the IMF/World Bank Spring Meetings in Washington DC, Edun urged international investors to make Nigeria their destination of choice, highlighting the country’s robust economic opportunities and return potential for private sector investment.
The minister highlighted the sundry economic reforms by the present administration, including its commitment to creating an enabling business environment, citing recent reforms such as subsidy removal and market pricing of petroleum products.
He said: “We believe we have started to lay the foundations for a strong, economically strong Nigeria that can attract private sector investment. We have huge opportunities to crowd in the private sector, particularly in infrastructure development, agriculture, and digitalization.”
Edun maintained that Nigeria was looking inward to proactively respond to the current global economic uncertainties by leveraging its large African market and potential for manufacturing, agriculture, and other key sectors’ sustainable growth.
