The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has declared that Nigeria’s macroeconomic environment is now stable and investor-friendly, highlighting the positive impact of the government’s recent economic reforms.
Edun made this statement during the opening ceremony of the 2024 National Council on Finance and Economic Development (NCFED) conference, held at the Dr. Sulaimanu Adamu Square in Bauchi State on Monday.
Confidence in Economic Reforms
Minister Edun expressed confidence that the reforms being implemented by the current government have laid a solid foundation for local investment, which he believes will drive industrialization and help lift millions of Nigerians out of poverty.
The minister underscored the importance of creating an environment that attracts investors while promoting sustainable growth within the country.
He stated, “Nigeria now has a more sustainable macroeconomic environment that is friendly to investors, and this provides a firm basis for industrial growth and economic progress.”
Building Trust and Fostering Collaboration
During his address, Edun emphasized the importance of the discussions at the NCFED conference in fostering trust and confidence among stakeholders.
He noted that such platforms would encourage productive conversations aimed at clarifying economic issues, understanding each other’s financial needs, and exploring the resources and skills available at the local level.
The finance minister added, “What goes on in this formal conference is very important because conversations will take place that will clarify things, build trust, and confidence between individuals and stakeholders.”
Recognition of Bauchi State’s Contribution
Minister Edun also expressed his appreciation to Governor Bala Mohammed of Bauchi State for hosting the conference, noting the critical role of state governments in driving economic growth and development. He highlighted the collaborative efforts between the federal government and states as key to Nigeria’s broader economic recovery strategy.
“Understanding each other’s situation, financial needs, and available resources is essential as we work together to shape a prosperous future for Nigeria,” Edun remarked.
A Vision for Industrialization and Poverty Reduction
The finance minister’s remarks align with the federal government’s broader economic agenda, which prioritizes industrialization, job creation, and poverty reduction.
With the government committed to making Nigeria a more attractive destination for local and foreign investors, Edun’s statement signals continued optimism about the nation’s economic trajectory.
The NCFED conference serves as a vital platform for discussing fiscal policies, economic strategies, and the role of state and local governments in shaping Nigeria’s economic future.
This year’s conference marks a significant step toward fostering greater collaboration between economic leaders and ensuring that the benefits of economic growth are felt by all Nigerians.
About the NCFED Conference
The National Council on Finance and Economic Development (NCFED) is an annual conference that brings together key stakeholders in Nigeria’s finance and economic sectors, including government officials, economists, policymakers, and industry leaders.
The conference serves as a platform for addressing pressing economic issues and formulating strategies to drive national development.
