Nigeria’s Economy on Path to Stability, Growth ‐ Edun

The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says Nigeria’s economy made significant strides in 2025, despite global challenges.

Speaking recently on the Nigerian economy and the impact of the recent joint security operation with the United States in Sokoto on Christmas Day, the minister stated that Nigeria remained firmly on the path of peace, stability, and economic progress despite its joint Christmas Day security operations with the US.

“Nigeria is not at war with itself, nor with any nation,” Edun reassured investors, emphasizing that the country is tackling terrorism with international partners.

The minister highlighted the government’s achievements, including a 3.98% GDP growth in Q3 2025, following a 4.23% growth in Q2.

According to him, inflation has also decelerated for the seventh consecutive period, now below 15%.

The minister attributed the progress to improved security, fiscal discipline, and coordinated fiscal and monetary actions.

“Security and economic stability are inseparable; every effort to safeguard Nigerians is, by definition, pro-growth and pro-investment,” Edun said.

He noted that Nigeria’s financial markets remain resilient, with stable domestic and international debt markets, and credited the recent credit rating upgrades from Moody’s, Fitch, and Standard & Poor’s to the government’s reforms and economic direction.

He also emphasized the government’s commitment to consolidating gains in 2025, strengthening economic resilience, and building a sustainable, inclusive, and growth-oriented economy.

The minister expressed confidence in Nigeria’s future, saying, “Nigeria remains open for business, anchored in peace, and firmly focused on the future.”

However, not all stakeholders share Edun’s optimism, with some calling for reforms in the economic team and others highlighting the struggles of Nigerian workers amidst economic hardship.