Finance Minister Wale Edun has assured Nigerians that the country’s economy has turned a corner, calling the toughest phase of recent economic challenges “behind us.”
In an opinion piece titled “Nigeria Turning Towards Prosperity”, Edun cited a GDP growth of 4.23% in Q2 2025, a decline in inflation to 18.02%, stabilization of the naira, and foreign reserves rising above $43 billion as evidence of economic recovery.
Edun emphasized that reforms, including the removal of petrol subsidies and exchange rate unification, have paved the way for private sector investment, industrial growth, and improved living standards. The minister also highlighted government initiatives to support smallholder farmers and vulnerable households while expanding infrastructure through public-private partnerships.
“Investors are starting to believe in the nation’s prospects again,” Edun said, adding that the medium-term target is 7% GDP growth by 2027/28, achievable through government action and private sector participation.
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