Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s economy has “turned the corner” following key reforms by the Tinubu administration.
In an opinion piece titled “Nigeria Turning Towards Prosperity”, Edun said growth has resumed, inflation is moderating, and investor confidence is returning.
He noted that GDP rose by 4.23% in the second quarter of 2025, while inflation dropped to 18.02% after months of decline. The exchange rate has also stabilised, and foreign reserves now exceed $43 billion — the highest since 2019.
According to him, food prices are easing, and over 8 million households have received direct cash transfers to cushion the impact of reforms.
Edun added that new tax laws and fiscal measures would strengthen revenue, reduce debt pressures, and fund critical infrastructure. “Nigeria is firmly on the path to sustainable recovery,” he said.
