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Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the country’s economy is making significant strides in recovery and growth....READ THE FULL CONTENT FROM THE SOURCE | READ THE FULL CONTENT FROM THE SOURCE
Edun spoke on Monday in Abuja during the 2025 budget defence before the Senate Committee on Finance.
The Minister, who was joined by the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, the Permanent Secretary, Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya, the Accountant General of the Federation, Dr. Oluwatoyin Sakirat Madein, as well as the Ministry’s Directors, outlined the President Bola Ahmed Tinubu-led. Administration’s efforts to stabilise the economy through key reforms and fiscal measures.
This was disclosed in a statement signed by the Director, Information and Public Relations, Mohammed Manga.
The statement read in part, “Edun highlighted the broad impact of the reforms to include the liberalisation of the foreign exchange market, deregulation of petroleum pricing, and the expansion of domestic refining capacity.
“He explained that these measures are driving fiscal stability, reducing inefficiencies, and creating a more sustainable economic framework.
“The Minister acknowledged, however, that while the reforms may bring short-term discomfort, their long-term benefits will include job creation, poverty reduction, and greater economic resilience. He emphasised the government’s commitment to infrastructure development, particularly in digital networks and energy, to improve productivity and attract private sector investments.
“The Senate Committee on Finance approved the Ministry’s ₦38 billion 2025 budget. They commended the Ministry’s leadership for its commitment to fiscal discipline and economic recovery. HM Edun expressed confidence in Nigeria’s brighter economic future, noting that the reforms will transform the country’s economic landscape and improve the standard of living for its citizens.”...READ THE FULL CONTENT FROM THE SOURCE
