close
Wednesday, April 23, 2025

Tinubu’s harsh reforms will drive long-term economic resilience, Edun insists

The finance minister said that the reforms would ensure equitable and sustainable development.

• April 23, 2025
Bola Tinubu
Bola Tinubu

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has restated that President Bola Tinubu’s economic reforms will foster long-term resilience aimed at lifting millions of Nigerians out of poverty.

Mr Edun said this during the ongoing International Monetary Fund-World Bank 2025 Spring Meetings in Washington, D.C., on Tuesday.

He also reiterated that the reforms would ensure equitable and sustainable development.

“Following the significant progress made in stabilising Nigeria’s economy over the past year, the government is now targeting rapid, inclusive growth with a clear focus on job creation,” Mr Edun said.

He highlighted the importance of using the global platform to advocate for Nigeria’s renewed economic agenda, which focused on fiscal consolidation, expanding social protection, and unlocking private sector investment across key sectors.

Mr Edun noted that the Spring Meetings provided a timely opportunity for strategic discussions and partnerships, which would help unlock the country’s growth potential.

The finance minister said the dialogues were expected to yield significant outcomes, shaping Nigeria’s economic trajectory and guiding future policy directions.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Scavengers

States

Insecurity: Ondo LG boss suspends scavengers’ operation indefinitely

Ondo has witnessed violent attacks on several communities recently.

Economy

Insurance industry records N1.2 trillion gross premium growth

The insurance industry has recorded a 61 per cent year-on-year increase in the third quarter of 2024.

Africa

President Mahama suspends Ghana’s chief justice Torkornoo over corruption 

Ms Torkornoo, who became Ghana’s 15th chief justice and the third woman to hold the post, was appointed in June 2023.

Federal Bureau of Investigation (FBI)

Anti-Corruption

FBI arrests Atlanta-based Nigerian fraudster Ebuka Iwuagwu amid COVID-19, romance racket probe

Mr Iwuagwu is the latest name on the list of Nigerian offenders on trial for wire fraud.

Economy

Japan starts third rice reserve auction to stabilise prices

The average price of rice in supermarkets across Japan reached ¥4,217 (about $30) per five kilogrammes in the week up to April 13, official data showed.