Washington, April 26, 2026 – Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, says Nigeria is targeting 7% annual economic growth rate to be driven by agricultural productivity, digital infrastructure and oil production.
He said the new target would be against the 3.8% growth rate recorded in 2024,
Edun said this while speaking with investors on the sideline of the IMF/World Bank Spring Meetings in Washington DC.
He told the investors of the desire of the federal government to make Nigeria their destination of choice, highlighting the country’s robust economic growth and potential for private sector investment.
Edun said the significant economic reforms introduced by President Bola Ahmed Tinubu’s administration were aimed at driving robust economic growth.
He also expressed the government’s commitment to creating an enabling business environment, citing recent reforms such as subsidy removal and market pricing of petroleum products.
“We believe we have started to lay the foundations for a strong, economically strong Nigeria that can attract private sector investment,” the minister said.
He also told the investors that Nigeria offered vast opportunities for private sector investment and participation, adding that “We have huge opportunities to crowd in the private sector, particularly in infrastructure development, agriculture, and digitalization.”
