Business
Wale Edun: Nigeria Targets 7% Economic Growth And Job Creation Amid Global Uncertainty
Nigeria’s 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 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.
*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.*
The Minister reaffirmed that the government’s economic strategy, anchored by President Bola Ahmed Tinubu’s administration, is delivering results, with international partners acknowledging Nigeria’s policy direction.
*At both the IMF and the World Bank, Nigeria’s reform programme — spanning fiscal, monetary, and structural policies — has been recognised as being on the right track. Despite global uncertainty, Nigeria is poised for resilient, inclusive growth,* Edun added.
He also emphasised the government’s pragmatic approach to fiscal planning:
*A budget is a statement of intent; it must be continually recalibrated to reflect on-ground realities and available resources.*
The Central Bank Governor, Mr. Olayemi Cardoso, echoed these sentiments, noting the CBN’s firm commitment to reducing inflation sustainably:
*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.
Highlighting growing investor confidence, Cardoso referenced Nigeria’s recent high-level investment forum at the Nasdaq Market Site in New York, showcasing the country’s reform momentum and rising interest from global investors and the diaspora.
Nigeria’s delegation to the Spring Meetings was led by Mr. Wale Edun and included:
• Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN),
• Mr. Muhammad Sani Abdullahi, Deputy Governor, CBN Economic Policy Directorate,
• Distinguished Senator Mohammed Sani Musa, Chairman, Senate Committee on Finance,
• Hon. Saidu Musa Abdullahi, Deputy Chairman, House Committee on Finance,
• Mrs. Lydia Shehu Jafiya, Permanent Secretary, Federal Ministry of Finance,
• Mr. Faruk Yusuf Yabo, Permanent Secretary, Federal Ministry of Communications, Innovation and Digital Economy,
• Ms. Patience Oniha, Director General, Debt Management Office (DMO),
• Mrs. Sayande Okoli, Special Adviser to the President on Finance and Economy,
as well as other senior government officials.
As the Federal Government deepens its reform efforts, it remains committed to building a transparent, inclusive, and prosperous economic future for all Nigerians.
Business
DR Doris Uzoka -Anite Advocates For Tax Ttrsnparency Goals, Climate Finance Partnerships With Norway At 2025 UN Meetings
As part of Nigeria’s proactive engagement with global development partners, the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite held a strategic bilateral meeting with Ms. Stine Renate Håheim, Norwegian Deputy Minister of International Development, on the sidelines of the 2025 UN Meetings in New York.
During the meeting, Dr. Uzoka-Anite advocated for strengthened collaboration between Nigeria and Norway in key areas, including tax transparency goals, debt restructuring efforts, and climate finance partnerships. Specifically, she explored opportunities for partnership under NORAD’s “Energy for Development” platform, which aligns with Nigeria’s goals for sustainable energy development and climate resilience.
The meeting underscores Nigeria’s commitment to leveraging international partnerships to drive economic growth, improve governance, and achieve sustainable development.
Business
Nigeria Strenghtens Development Partnership With Sweden On The Sidelines Of 2025 UN Meetings
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has held strategic bilateral talks with Ms. Diane Janse, Swedish State Secretary for International Development Cooperation, on the sidelines of the 2025 UN Meetings held in New York, USA.
The meeting focused on strengthening Nigeria’s partnerships with Sweden in key areas, including technology innovation, digital ecosystems, and green economy partnerships, exploring opportunities for collaboration that would drive sustainable development and economic growth in Nigeria, underscoring Nigeria’s commitment to leveraging international partnerships to achieve its development goals.
The Federal Government looks forward to working closely with Sweden and other development allies to implement impactful projects that will transform the lives of millions of Nigerians in line with the Renewed Hope Agenda of the present administration.
The bilateral engagement is part of Dr. Uzoka-Anite’s engagements at the 2025 UN Meetings in New York, showcasing Nigeria’s proactive approach to global development partnerships.
In pursuit of its development agenda, the Federal Government has urged the World Bank Group to prioritize targeted investments in critical sectors that drive sustainable development aimed at elevating Nigeria’s Development Agenda.
The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, made the urge in New York when she participated in the thematic session on the World Bank Group’s Contribution to Financing for Development (FFD), where she underscored the need to match the Bank’s expanded financial capacity with targeted, transformative investments in key sectors of the economy.
Dr. Uzoka-Anite emphasized the importance of investments in agriculture, energy access, and human capital, citing impactful World Bank-supported programmes like the Agriculture Sector Recovery and Sustained Livelihoods Programme (ACReSAL) and ANRiN.
The Minister highlighted these programmes as examples of effective cooperation between Nigeria and the World Bank Group, demonstrating the potential for strategic investments to yield meaningful development outcomes.
By prioritizing targeted investments in key sectors, the World Bank Group can play a more impactful role in supporting countries like Nigeria to achieve their development goals. The Federal Government reaffirms its commitment to partnering with the World Bank Group to drive sustainable development and improve the lives of Nigerians in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration
-
Sports9 months agoAjegunle City Youth Marathon Holds November 30
-
Sports1 year agoRilwan Abdulafeez Defeat Samuel Moses To Win HBE Title
-
Sports12 months agoTunde Fadare wins Brand New Car At NNPC Table Tennis Championship
-
Sports3 months agoNigerian Cyclist Samuel Fasema Completes Epic Lagos to Maiduguri Ride
-
Entertainment1 year agoFirst Lady, Shettima’s Wife Extend Support to Ailing Nollywood Icon Zack Orji
-
News1 year agoEdo Gubernatorial Election: Alex Otti Throws Weight Behind Olumide Akpata
-
Sports1 year agoAIPS AWARD: Lagos SWAN Congratulates Abiodun Adewale For Winning AIPS/AGL AWARD in Abidjan.
-
News1 year agoAFRICAN WARRIORS FIGHTING CHAMPIONSHIP ‘KING OF DAMBE’ TO FEATURE 1ST FIGHTER FROM GREAT BRITAIN COMPETING IN DAMBE