Abuja, Feb. 7, 2025 – Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, says the country’s economy is gradually improving with higher potential for foreign investments.
Edun said this on Thursday while receiving a delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud.
Edun said the Nigerian economy had stabilised through the economic measures of the federal government as indicated by the improved Gross Domestic Product (GDP) and strengthened trade balance.
The minister listed some of the economic reforms of the current administration as the market-driven pricing of foreign exchange and petroleum products, increased trade through the African Continental Free Trade (AfCFTA), and stronger revenue from both oil and non-oil sectors.
“The progress we have made in stabilising the economy and driving growth is a testament to our administration’s commitment to economic reforms.
“We are eager to showcase these opportunities to investors and partners like the First Abu Dhabi Bank,” he said.
The minister said government had also put in efforts to boost food production and affordability for long-term economic resilience.
He said that the meeting marked a significant step in the country’s efforts to attract foreign investments and economic ties with key partners.
“This partnership with First Abu Dhabi Bank is expected to unlock new opportunities for investment, job creation, and economic development,” he said.
Tricaud commended the minister for these achievements and assured that the partnership would yield mutually rewarding results.
