Nigeria is reforming to accelerate private-sector-led growth - Edun

​Minister of Finance and Coordinating Minister of the Economy, Wale Edun has outlined how the government’s reforms are accelerating private-sector-led growth.

Addressing a gathering of global investors and South African business leaders as the G20 Investment Dialogue concluded in Johannesburg, South Africa, Edun reiterated the federal government’s commitment to deep and sustained economic reforms.

He noted that recent policy shifts are restoring macroeconomic stability and creating a more predictable environment for private capital.

​Edun highlighted the tangible results of these reforms, noting that Nigeria’s Gross Domestic Product (GDP) growth strengthened to 4.23 per cent in the second quarter of 2025.

He also pointed to moderating inflation rates and a robust accretion in external reserves, which now stand at $46.3 billion, as evidence of economic resilience.

​According to the Minister, this growth is increasingly broad-based, driven by key non-oil sectors including telecommunications, trade, construction, rail transport, electricity, and refining.

​“The message to investors is clear,” Edun stated. “Nigeria is not only open for business; Nigeria is reforming to accelerate private-sector-led growth."