The federal government has announced plans to unveil the next phase of its economic reform agenda, aimed at steering Nigeria toward becoming a one-trillion-dollar economy by 2030.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known on Thursday in Abuja while providing an update on the administration’s reform performance during the Federal Executive Council (FEC) meeting, chaired by President Bola Tinubu.
Edun said the upcoming phase of reforms will focus on removing barriers to investment and enhancing productivity across key sectors.
He explained that part of the measures under consideration includes a comprehensive review of tariffs and import restrictions to boost business confidence and attract new waves of capital investment into the Nigerian economy.
“The next phase will consolidate on stability gains and focus on driving productivity, competitiveness, and inclusive growth,” Edun said.
The announcement coincided with the disclosure that Edun has assumed chairmanship of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24).
Edun, who represents Nigeria in the G-24, officially took over the one-year chairmanship of the group on November 1, 2025.
The G-24 serves as a platform for developing countries to coordinate their positions on international monetary and financial issues, including development finance, debt, and global economic governance.
The minister reaffirmed that the administration remains committed to creating a resilient, private sector-led economy in line with President Tinubu’s Renewed Hope Agenda.
