Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the federal government’s commitment to private-sector-led growth.
This he said as the World Bank launched its latest Nigeria Development Update (NDU) themed ‘Building Momentum for Inclusive Growth.’
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Edun, who spoke at the launch, commended the World Bank as a valued development partner.
He lauded its technical support and concessional financing through the International Development Association (IDA).
“We’d like them to continue and to give us more of that to boost us on our way,” he stated.
The Minister highlighted growing investor interest across key sectors and underscored recent progress in fiscal transparency.
“It is an investment that grows the economy, creates high-quality jobs, and lifts Nigerians out of poverty in their millions,” he said.
The World Bank projected Nigeria’s GDP growth to reach 3.6% in 2025—its strongest economic performance in a decade.
The Bank credited improved revenue mobilisation, rising foreign reserves, and strengthened fiscal reforms for the outlook.
“There is a lot to be positive about in Nigeria,” said the Bank’s Acting Country Director, Taimur Samad.
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He, however, stressed the need for continued monetary discipline to manage inflationary pressures.
Published biannually, the Nigeria Development Update is the World Bank’s flagship economic report, designed to support evidence-based policymaking in Nigeria.
