The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed optimism about Nigeria’s economic outlook, declaring that the country’s economy has “turned the corner” and is now on a path toward sustained growth and stability.
In an opinion piece released on Sunday, titled “Nigeria Turning Towards Prosperity,” Edun assured citizens that the worst phase of Nigeria’s economic challenges was over, noting that government reforms were beginning to yield tangible results.
“Despite some historical shortfalls and present-day challenges, I believe the most difficult phase of our economic journey is behind us. Nigeria has turned a decisive corner. The road ahead will demand hard work and discipline, but we are firmly on the right path,” Edun stated.
The minister recalled that when President Bola Tinubu assumed office in 2023, the economy faced near fiscal collapse due to slowing growth, surging inflation, and policy distortions such as the fuel subsidy and multiple exchange rate regimes that deterred investment.
According to Edun, the President’s clear mandate to dismantle market distortions and reward productivity has begun to restore investor confidence and improve macroeconomic indicators.
“Two years later, the results are evident at the macro level. GDP grew by 4.23 per cent in the second quarter of 2025. Inflation, while still high, has moderated to 18.02 per cent after six consecutive months of decline,” he noted.
Edun reaffirmed the government’s commitment to fiscal discipline, private-sector-led growth, and policies aimed at strengthening the naira and boosting productivity across key sectors.
