The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the President Bola Ahmed Tinubu-led Administration’s commitment to leveraging the private sector as a key driver of Nigeria’s economic growth and development.

 The Minister gave the assurance today in his office in Abuja when he received a high-level delegation from the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), on a courtesy visit led by the Director General Mr. Sola Obadimu

The meeting discussed strategic collaboration on Nigeria’s economic reform programme, with a focus on correcting long-standing structural distortions to build a more resilient and inclusive economy. HM Edun highlighted recent progress in strengthening the Naira, attracting diaspora and domestic capital, as well as reducing import dependence through increased local production.

Speaking earlier, the Director General NACCIMA, Mr. Obadimu commended key reforms of the present administration, notably the removal of fuel subsidies and unification of the exchange rate, while calling for deeper engagement on tax clarity, access to trade finance for MSMEs, and better alignment between policy timelines and implementation.

Both parties affirmed that sustained economic transformation will depend on effective public-private partnership, placing the private sector at the centre of Nigeria’s long-term growth strategy. They also discussed NACCIMA’s upcoming 65th Annual Conference and Investment Summit, themed *Harnessing Private Sector Potential to Achieve a One Trillion Dollar Economy by 2030.*

The meeting underscores the administration’s commitment to private sector-led economic growth and development. As Nigeria continues to navigate its economic challenges, the collaboration between the government and private sector stakeholders will be crucial in driving sustainable growth and development.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today received Ms. Anshula Kant, Managing Director and Chief Financial Officer of the World Bank, for a high-level engagement focused on deepening economic reforms and mobilising private capital for growth.

Ms. Kant, who led a senior delegation to Abuja, described Nigeria as a cornerstone of the World Bank’s Africa strategy and praised the government’s bold macroeconomic reforms, including foreign exchange liberalisation and subsidy removal, for restoring investor confidence and laying the foundations for inclusive, private sector–driven development.

*Nigeria’s reform momentum is both necessary and commendable,* she noted. *We stand ready to accelerate our support, particularly in energy, digital access, and youth employment, the pillars of a competitive, future-facing economy.*

HM Edun reiterated that Nigeria’s priority is scaling growth through strategic investment in infrastructure, agriculture, and digital innovation. He cited renewed investor interest, improved reserves, and over $7 billion in oil and gas commitments as early signals of success. *The path to sustainable prosperity lies in unlocking private investment. The World Bank’s partnership is critical to achieving this,* he said.

The meeting also explored innovative financial tools to reduce the cost of capital and boost SME financing, including blended finance platforms and new guarantee instruments under MIGA.

The session concluded with a shared commitment to deepen collaboration, ensuring Nigeria’s reforms translate into jobs, capital flows, and resilient economic growth for the benefit of all.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, reaffirmed the Federal Government’s commitment to institutional performance and staff welfare, commissioning a fleet of Compressed Natural Gas (CNG) buses and announcing the reintroduction of essential provisions for the staff 

Speaking at a special staff engagement forum in his office in Abuja, Edun emphasised that the Ministry’s internal strength is vital to delivering Nigeria’s broader economic reform agenda. *This Ministry is the engine room of national transformation and that engine must be well‑fuelled,* he remarked.

The newly commissioned CNG buses, received under the Presidential Initiative on CNG, reflect a dual-purpose commitment: easing staff mobility while accelerating Nigeria’s transition to cleaner, cost‑efficient energy solutions. The move underscores the Ministry’s alignment with private sector expectations for fiscal responsibility, operational transparency, and environmental sustainability.

The event was also graced by the Chairman of the Presidential Initiative on CNG, Barr. Ismaeel Ahmed, who reiterated the programme’s mission to mainstream cleaner transport across government institutions and stimulate local industrial value chains.

The Minister also announced the revival of monthly welfare provisions to staff—a practical gesture aimed at fostering morale and stability as the Ministry leads the charge on macroeconomic reform, treasury digitalisation, and enhanced service delivery.

Ealier in her opening remarks, the

Permanent Secretary, Federal Ministry of Finance Mrs Lydia Shehu Jafiya praised the Minister’s leadership, describing the engagement as a timely moment of unity and recommitment. 

She called on staff to reflect the professionalism and discipline that Nigeria’s economic stability demands.

As Nigeria continues to undertake difficult but necessary reforms, the Ministry’s internal cohesion and external accountability remain critical to restoring investor confidence, supporting market growth, and achieving inclusive prosperity.