Wale Edun: Nigeria targets 7% economic growth and job creation amid global uncertainty<\/p>\n
Nigeria\u2019s economic outlook is strengthening, with the Federal Government targeting 7% economic growth and large-scale job creation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has announced.<\/p>\n
Speaking at the conclusion of the 2025 IMF and World Bank Spring Meetings in Washington, D.C., Edun highlighted that, despite a challenging global environment marked by high debt, rising interest rates, and geopolitical tensions, Nigeria remains firmly on the path of reform, stability, and growth.<\/p>\n
*We are focused on creating sustainable jobs for young Nigerians, supported by investment in critical infrastructure such as digital connectivity, access to data, and fibre optic networks,* Edun stated. *By crowding in the private sector and driving domestic revenue mobilisation, we are stabilising the economy and creating an environment where businesses can thrive.*<\/p>\n
The Minister reaffirmed that the government\u2019s economic strategy, anchored by President Bola Ahmed Tinubu\u2019s administration, is delivering results, with international partners acknowledging Nigeria\u2019s policy direction.<\/p>\n
*At both the IMF and the World Bank, Nigeria\u2019s reform programme \u2014 spanning fiscal, monetary, and structural policies \u2014 has been recognised as being on the right track. Despite global uncertainty, Nigeria is poised for resilient, inclusive growth,* Edun added.<\/p>\n
He also emphasised the government\u2019s pragmatic approach to fiscal planning:
\n*A budget is a statement of intent; it must be continually recalibrated to reflect on-ground realities and available resources.*<\/p>\n
The Central Bank Governor, Mr. Olayemi Cardoso, echoed these sentiments, noting the CBN\u2019s firm commitment to reducing inflation sustainably:
\n*Inflation remains the most disruptive force against the economic welfare of Nigerians. Our focus is to bring it down to single digits over the medium term,* Cardoso said.<\/p>\n
Highlighting growing investor confidence, Cardoso referenced Nigeria\u2019s recent high-level investment forum at the Nasdaq Market Site in New York, showcasing the country\u2019s reform momentum and rising interest from global investors and the diaspora.<\/p>\n
Nigeria\u2019s delegation to the Spring Meetings was led by Mr. Wale Edun and included:
\n\u2022 Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN),
\n\u2022 Mr. Muhammad Sani Abdullahi, Deputy Governor, CBN Economic Policy Directorate,
\n\u2022 Distinguished Senator Mohammed Sani Musa, Chairman, Senate Committee on Finance,
\n\u2022 Hon. Saidu Musa Abdullahi, Deputy Chairman, House Committee on Finance,
\n\u2022 Mrs. Lydia Shehu Jafiya, Permanent Secretary, Federal Ministry of Finance,
\n\u2022 Mr. Faruk Yusuf Yabo, Permanent Secretary, Federal Ministry of Communications, Innovation and Digital Economy,
\n\u2022 Ms. Patience Oniha, Director General, Debt Management Office (DMO),
\n\u2022 Mrs. Sayande Okoli, Special Adviser to the President on Finance and Economy,
\nas well as other senior government officials.<\/p>\n
As the Federal Government deepens its reform efforts, it remains committed to building a transparent, inclusive, and prosperous economic future for all Nigerians.<\/p>\n
Signed
\nMohammed Manga, *FCAI*
\nDirector, Information and Public Relations
\nApril 26, 2025<\/p>\n","protected":false},"excerpt":{"rendered":"
Wale Edun: Nigeria targets 7% economic growth and job creation amid global uncertainty Nigeria\u2019s economic outlook is strengthening, with the Federal Government targeting 7% economic growth and large-scale job creation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has announced. Speaking at the conclusion of the 2025 IMF and […]<\/p>\n","protected":false},"author":4,"featured_media":146019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[79,2,5,18],"tags":[1184,1226,157,166],"class_list":{"0":"post-146036","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-featured","9":"category-finance","11":"tag-economic-growth","12":"tag-job-creation","13":"tag-nigeria","14":"tag-wale-edun"},"yoast_head":"\n