Edun Hails ICAN at 60, Reaffirms private sector as the Engine of Nigeria’s Economic Recovery<\/p>\n
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the pivotal role of the private sector in Nigeria\u2019s economic revival, while also underscoring the decisive reforms that reshape the nation’s economic landscape.<\/p>\n
Speaking during the 60th Anniversary and 55th Annual Accountants\u2019 Conference of the Institute of Chartered Accountants of Nigeria (ICAN), on Tuesday in Abuja, HM Edun commended the institute for six decades of professional excellence and integrity.<\/p>\n
According to a statement by Mohammed Manga, Finance Ministry’s Director of Information and Public Relations, he noted that under President Bola Ahmed Tinubu\u2019s leadership, bold reforms are restoring credibility and driving productivity across key sectors.<\/p>\n
*These reforms are ushering in a new era that rewards innovation and enterprise over rent-seeking,* Edun said.<\/p>\n
The results are becoming evident: GDP grew by more than 4% in Q2 2025, industrial output rose 7.45%, inflation eased to 20.1% in August, and a record \u20a67.4 trillion trade surplus reflects renewed competitiveness. Foreign reserves have also strengthened to $42 billion, while the naira has gained stability, narrowing the gap between official and parallel markets.<\/p>\n
For the business community, the Minister emphasised that government reforms are laying a foundation of transparency, predictability, and accountability. *The private sector accounts for 90% of GDP and remains the engine of growth. Government\u2019s role is to enable, not crowd out, enterprise,* the Minister stated.<\/p>\n
Looking ahead, HM Edun reaffirmed government\u2019s ambition to achieve 7% GDP growth through investment in infrastructure, export expansion, fiscal discipline, and digital public financial management.<\/p>\n
The ICAN conference continues to provide a vital platform for dialogue on reforms, professional ethics, and sustainable development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Edun Hails ICAN at 60, Reaffirms private sector as the Engine of Nigeria’s Economic Recovery The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the pivotal role of the private sector in Nigeria\u2019s economic revival, while also underscoring the decisive reforms that reshape the nation’s economic landscape. Speaking […]<\/p>\n","protected":false},"author":4,"featured_media":148891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[1704,2427,157],"class_list":{"0":"post-148888","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-others","8":"tag-hm-edun","9":"tag-ican-conference","10":"tag-nigeria"},"yoast_head":"\n