The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has disclosed that Nigeria is targeting an annual growth of 7%, having recorded 3.8% growth rate last year.
Mr Edun spoke during a meeting with investors on the sidelines of the IMF/World Bank Spring Meetings in Washington DC.
A statement made available to TheFact Daily by the Director, Information and Public Relations of the Ministry of Finance, Mohammed Manga, said the Minister also wooed international investors to make Nigeria their destination of choice, highlighting the country’s robust economic growth and potential for private sector investment.
He highlighted the significant economic reforms introduced by President Bola Ahmed Tinubu’s administration, aimed at driving robust economic growth.
Edun disclosed the government’s commitment to creating an enabling business environment, citing recent reforms such as subsidy removal and market pricing of petroleum products.
“We believe we have started to lay the foundations for a strong, economically strong Nigeria that can attract private sector investment,” Edun stated.
He informed that Nigeria offers vast opportunities for private sector investment and participation.
“We have huge opportunities to crowd in the private sector, particularly in infrastructure development, agriculture, and digitalization,” he maintained
At the meeting, which was also attended by Chairman Senate Committee on Finance, Distinguished Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria Mr Olayemi Cardoso; the Permanent Secretary Federal Ministry of Finance Mrs Lydia Shehu Jafiya, the Special Adviser to the President on Finance and the Economy Sayande Okoli as well as Director General of the Debt Management Office (DMO), Ms Patience Oniha, HM Edun emphasized that Nigeria is looking inward to navigate global economic uncertainties, leveraging its large African market and potential for manufacturing growth.
