Edun: Tinubu’s Economic Reforms Are Durable and Driving Growth

Nigeria’s Finance Minister, Wale Edun, told delegates at the World Bank and IMF Spring Meetings that reforms launched since mid-2023 have stabilised the economy and built shock resilience. He highlighted market-based currency and fuel pricing, targeted social protection, and agricultural support as key measures. Edun noted that inflation is easing, reserves top US$50 billion, public debt remains sustainable, and GDP growth has exceeded 4 percent. Central Bank Governor Olayemi Cardoso also briefed the meeting, reporting a ₦4.65 trillion banking sector recapitalisation and stronger financial buffers. Both officials said ongoing reforms will spur private investment, job creation, and long-term prosperity.

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